Market Wrap: Benchmark indices close on a negative note with Nifty FMCG among the top losers!

On Monday, Frontline indices concluded the day on a negative note as Sensex closed lower by 0.49 per cent concluding at 71,731.42 level, while Nifty plunged by 0.38 per cent and closed at 21,771.70 level.

Market Update at 3:45 PM: On Monday, Frontline indices concluded the day on a negative note as Sensex closed lower by 0.49 per cent concluding at 71,731.42 level, while Nifty plunged by 0.38 per cent and closed at 21,771.70 level. Similarly, the Broader market experienced mixed performance as Nifty Midcap closed marginally lower by 0.14 per cent, while Nifty Smallcap soared by 0.26 per cent.

Market volatility, as indicated by India VIX, has surged by 6.86 per cent, reflecting an increase in market volatility.

Nifty Pharma, Nifty Auto, Nifty Energy and Nifty Realty were among the top gainers while Nifty FMCG, Nifty Financial Services, Nifty IT and Nifty PSU Bank were among the top losers.

Tata Motors, Coal India and Sun Pharma were among the top gainers while UPL, Bajaj Finance and Bharti Airtel were among the top losing stocks from the Nifty 50.

About 866 stocks were advancing as against to 1406 stocks that were declining, thus indicating a pessimistic sentiment in the broader market.

Market Update at 2:20 PM: In the current trading session benchmark indices trade on a higher note with the Sensex surging by 0.12 per cent, while Nifty soared by 0.26 per cent. Similarly, in the broader indices Nifty Midcap moderately surged by 0.62 per cent, while Nifty Smallcap substantially gained by 1.48 per cent.

India VIX is currently trading moderately higher by 5.22 per cent, indicating an increase in market volatility.

Nifty Energy, Nifty Pharma and Nifty Auto are among the top gainers, while Nifty Financial Services, Nifty Bank and Nifty FMCG are among the top losers.

Coal India, Tata Motors and BPCL are among the top gainers while UPL, Bajaj Finance and Bharti Airtel are among the top losing stocks from the Nifty 50.

About 1228 stocks are advancing as against to 1036 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 12:40 PM: In the current trading session benchmark indices trade on a higher note with the Sensex surging by 0.12 per cent, while Nifty soared by 0.26 per cent. Similarly, in the broader indices Nifty Midcap surged by 0.62 per cent, while Nifty Smallcap soared by 1.37 per cent.

India VIX is currently trading moderately higher by 7.28 per cent, indicating an increase in market volatility.

European markets are heading for a mixed open on Monday as European futures, DAX trades higher by 0.05 per cent, while CAC and FTSE trade lower by 0.11 per cent and 0.21 per cent respectively.

Nifty Energy, Nifty Pharma and Nifty Auto are among the top gainers, while Nifty Financial Services, Nifty Bank and Nifty FMCG are among the top losers.

Tata Motors, Coal India and BPCL are among the top gainers while UPL, Bhart Airtel and Bajaj Finserv are among the top losing stocks from the Nifty 50.

About 1227 stocks are advancing as against to 1033 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 11:10 AM: In the ongoing trading session, benchmark indices are trading on a higher note, with Sensex surging by 0.1 per cent and Nifty is also showing gain of 0.25 per cent. Similarly in the broader indices Nifty Midcap experiences moderate gain of 0.62 per cent, while Nifty Smallcap substantially surged by 1.1 per cent.

India VIX is trading higher by 7.08 per cent, indicating a surge in market volatility.

Noteworthy gainers include Nifty Pharma, Nifty Auto and Energy, while Financial Services, Nifty Bank and Nifty FMCG are among the top losers.

Top gainers in individual stocks are Tata Motors, Coal India and BPCL, whereas UPL and Bharti Airtel and Bajaj Finserv are among the leading losers in the Nifty 50.

The broader market sentiment remains slightly positive, with 1235 stocks advancing compared to 990 declining.

Market Update at 9:35 AM: On Monday, Indian markets initiated the trading day on a positive note with the Sensex opening marginally higher by 0.01 per cent, while Nifty also opened marginally higher by 0.08 per cent. Similarly, Nifty Midcap opened moderately higher by 0.56 per cent, whereas Nifty Smallcap opened higher 0.96 per cent.

India VIX has surged by 8.18 per cent, indicating a substantial surge in market volatility.

Nifty Auto, Nifty Pharma and Nifty Realty are among the top gainers while Nifty Bank, Nifty Financial Services and Nifty IT are among the top losers.

Tata Motors, M&M and Sun Pharma are among the top gainers while UPL, Kotak Bank and HDFC Bank are among the top losing stocks from the Nifty 50.

About 1381 stocks are advancing as against to 745 stocks that are declining, thus indicating a positive sentiment in the broader market.

Pre-Market Update at 8:20 AM: Friday witnessed a significant upswing in US stocks, culminating in the S&P 500 achieving an unprecedented closing high. This surge in confidence stemmed from robust earnings reports and an exceptionally strong January employment data, which, while bolstering economic outlook, diminished prospects of imminent interest rate cuts by the Federal Reserve.

This week's positive momentum marked the fourth consecutive week of gains for all three major US stock indexes. The S&P 500 closed at 4,958.61 points, reflecting a 1.07 per cent increase, while the Nasdaq surged by 1.74 per cent to reach 15,628.95 points. The Dow Jones Industrial Average experienced a more tempered rise of 0.35 per cent, reaching 38,654.42 points.

The GIFT Nifty trends suggest a bearish beginning for the benchmark indices in India, showing a decline of 31 points or 0.14 per cent. Nifty futures were observed trading near the 21,935.00 mark.

In the early hours of Monday's Asian trading session, oil prices found stability following notable declines last week. Despite ongoing efforts to broker a ceasefire in the Israel-Palestinian conflict, tensions persisted with the US considering fresh strikes on Iran-backed groups.

Brent crude futures saw a marginal increase of 8 cents, reaching USD 77.41 per barrel, while US West Texas Intermediate futures remained unchanged at USD 72.28 per barrel.

On February 02, 2024, foreign institutional investors (FII) bought shares worth Rs 70.69 crore, while domestic institutional investors (DII) bought shares worth Rs 2,463.16 crore.

Stocks that are banned for trading in the F&O segment on February 05, 2024, are HINDCOPPER, INDIACEM, INDUSTOWER, SAIL and ZEEL.