Market Wrap: Benchmark indices close on a negative note with Nifty IT and Nifty Auto among top losers!
Sensex closed lower by 1.48 per cent and closed at 79,043.74, while Nifty closed lower by 1.49 per cent and closed at 23,914.15 level.
Market Update at 3:35 PM: On Thursday, Benchmark indices concluded the trading day on a negative note as Sensex closed lower by 1.48 per cent and closed at 79,043.74, while Nifty closed lower by 1.49 per cent and closed at 23,914.15 level. However, the Broader market, Nifty Midcap closed higher by 0.05 per cent at 56,300.75, while Nifty Smallcap closed higher by 0.05 per cent and closed at 18,511.55.
Market volatility, as indicated by India VIX, rose by 3.96 per cent and is trading at the level of 15.21 reflecting a rise in market volatility.
Within the sectoral landscape, Nifty PSU Bank, Nifty Media and Nifty Realty emerged as Top Gainers, while Nifty IT, Nifty Auto and Nifty Fin Service sector underperformed.
ADANIENT, SHRIRAMFIN, and SBIN were among the top gainers while on the other hand SBILIFE, M&M and INFY were among the Top Losers.
About 1,239 stocks were advancing as against to 1,132 that were declining, thus indicating a positive sentiment in the broader market.
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Market Update at 12:40 AM: During the ongoing trading session, benchmark indices are showing a negative trend, with the Sensex down by 1.10 per cent and the Nifty down by 1.03 per cent. However, in the broader market, the Nifty Midcap rose by 0.05 per cent, while the Nifty Smallcap rising by 0.09 per cent.
India VIX rose by 4.51 per cent and is trading around the mark of 15.29, indicating a rise in market volatility.
European markets are expected to open higher rallying after being in the doldrums yesterday. European Futures; DAX (+0.24 per cent); CAC (+0.36 per cent); FTSE (+0.11 per cent)
In the sectoral landscape Nifty PSU Bank, Nifty Media and Nifty Metal emerged as top gainers, Nifty IT, Nifty Auto and Nifty Pharma sectors are underperforming.
Top gainers in individual stocks are ADANIENT, HDFCLIFE, and SBIN while, INFY, M&M and TITAN is among the top losers in the Nifty 50.
The broader market sentiment is positive, with 1,350 stocks advancing compared to 1,028 stocks declining.
Market Update at 9:35 AM: On Thursday, markets opened on a flat note, with both Nifty and Sensex showing flattish movement. The Nifty Realty index led the gains, while the Nifty IT index lagged behind.
As of now, the Sensex is down by 0.01 per cent, hovering around 80,225, and Nifty is up by 0.01 per cent, trading near 24,280. Similarly, in the broader market, the Nifty Midcap rose about 0.99 per cent to about 56,600, and the Nifty Smallcap is up by 0.85 per cent, trading near 18,660.
India VIX is down by 0.07 per cent, trading at 14.62, indicating low market volatility and a flat trend.
Within the sectoral landscape Nifty Realty, Nifty Media, and Nifty FMCG sector is among the Top Gainers while Nifty IT, Nifty Auto and Nifty Pharma sector are underperforming.
ADANIENT, COALINDIA, and BPCL are among the top gainers within the Nifty 50 while TECHM, INFY, and EICHERMOT are among the Top Losers.
About 1,785 stocks are advancing as against to 477 stocks that are declining, thus indicating a positive sentiment in the broader market.
Pre-Market Update at 8:25 AM: A decline in the largest global technology companies weighed on US stocks, while recent economic data bolstered hopes for a slower pace of Federal Reserve rate cuts.
The S&P 500 closed 0.38 per cent lower at 5,998.74, the Dow Jones dropped 0.31 per cent to 44,722.06, and the Nasdaq Composite ended 0.60 per cent down at 19,060.48.
The GIFT Nifty is trading flat, indicating a flat start for the day. Nifty futures were trading at 24,449.95.
The U.S. 10-year Treasury yield stands at 4.261 per cent, while the 2-year bond yield at 4.231 per cent.
Brent crude dipped below $73 and WTI below $69 per barrel as markets awaited the OPEC+ meeting amid oversupply concerns. Geopolitical risks persisted despite an Israel-Hezbollah ceasefire. US crude stocks fell by 1.8 million barrels, while gasoline inventories rose sharply by 3.3 million barrels.
On November 27 2024, foreign institutional investors (FII) bought shares worth Rs 7 crore, while domestic institutional investors (DII) bought shares worth Rs 1,301 crore.
As of November 28, 2024, no stocks are under the F&O segment trading ban.
Disclaimer: The article is for informational purposes only and not investment advice.