Market Wrap: Benchmark indices close on a negative note with Nifty IT and Nifty Media among top losers!
Sensex closed lower by 0.31 per cent and closed at 77,339.01, while Nifty closed lower by 0.34 per cent and closed at 23,453.80 level.
Market Update at 3:35 PM: On Monday, Benchmark indices concluded the trading day on a negative note as Sensex closed lower by 0.31 per cent and closed at 77,339.01, while Nifty closed lower by 0.34 per cent and closed at 23,453.80 level. However, the Broader market, Nifty Midcap closed flat at 54,044.80, while Nifty Smallcap closed lower by 0.53 per cent and closed at 17,507.25.
Market volatility, as indicated by India VIX, declined by 2.64 per cent and is trading at the level of 15.17 reflecting a fall in market volatility.
Within the sectoral landscape, Nifty Metal, Nifty FMCG and Nifty PSU Bank emerged as Top Gainers, while Nifty IT, Nifty Media, and Nifty Pharma sector underperformed.
HINDALCO, HERMOTOCO, and TATASTEEL were among the top gainers while on the other hand TCS, BPCL, and INFY were among the Top Losers.
About 850 stocks were advancing as against to 1,511 that were declining, thus indicating a negative sentiment in the broader market.
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Market Update at 12:20 AM: During the ongoing trading session, benchmark indices are showing a negative trend, with the Sensex down by 0.28 per cent and the Nifty down by 0.27 per cent. However, in the broader market, the Nifty Midcap up by 0.17 per cent, while the Nifty Smallcap declining by 0.11 per cent.
India VIX rose by 4.60 per cent and is trading around the mark of 15.46, indicating a rise in market volatility.
European stocks are seen opening on a positive note Monday. The upside may remain capped due to concerns about the path of interest rates. European Futures; DAX (+0.24 per cent); CAC (+0.10%); FTSE (-0.04 per cent)
In the sectoral landscape Nifty Metal, Nifty Realty and Nifty Auto emerged as top gainers, while Nifty IT, Nifty Energy, and Nifty Media sectors are underperforming.
Top gainers in individual stocks are HINDALCO, HEROMOTOCO, and TATASTEEL while, WIPRO, INFY and TCS are among the top losers in the Nifty 50.
The broader market sentiment is negative, with 983 stocks advancing compared to 1,381 stocks declining.
Market Update at 9:40 AM: On Monday, markets opened on a positive note, with both Nifty and Sensex showing positive movement. Nifty Metal led the gains and Nifty IT was the biggest laggard.
As of now, the Sensex is down by 0.66 per cent, hovering around 77,065.87, and Nifty is down by 0.64 per cent, trading near 23,380. However, in the broader market, the Nifty Midcap declined about 0.57 per cent to about 53,730, and the Nifty Smallcap is down by 1.24 per cent, trading near 17,380.
India VIX up by 7.10 per cent and is trading at 15.83, indicating a rise in market volatility.
Within the sectoral landscape Nifty Metal and Nifty Realty sector is among the Top Gainers while Nifty IT, Nifty Media and Nifty PSU Bank is underperforming.
HEROMOTOCO, HINDALCO, and HDFCBANK are among the top gainers within the Nifty 50 while DRREDDY, WIPRO, and INFY are among the Top Losers.
About 475 stocks are advancing as against to 1,790 stocks that are declining, thus indicating a negative sentiment in the broader market.
Pre-Market Update at 8:40 AM: Wall Street's main indexes closed lower on Friday, marking the biggest one-day losses in two weeks for the S&P 500 and Nasdaq. Concerns over slower interest-rate cuts and reactions to President-elect Donald Trump's cabinet picks impacted the market.
The Dow Jones fell 305.87 points (0.70 per cent) to 43,444.99, the S&P 500 dropped 78.55 points (1.32 per cent) to 5,870.62, and the Nasdaq lost 427.53 points (2.24 per cent) to 18,680.12.
The GIFT Nifty is trading flat, indicating a flat start for the day. Nifty futures were trading at 23,601.70.
The U.S. 10-year Treasury yield stands at 4.439 per cent, while the 2-year bond yield at 4.303 per cent.
Brent crude oil stabilized at around $71 per barrel and WTI at $67 per barrel on Monday, pausing recent declines. This came as escalating Russia-Ukraine conflict raised fears of supply disruptions, with Russia launching its largest air strike on Ukraine in nearly three months. Weaker demand in China and a stronger US dollar, driven by expectations of slower Fed rate cuts, also pressured oil prices.
On November 14 2024, foreign institutional investors (FII) sold shares worth Rs 1,849 crore, while domestic institutional investors (DII) bought shares worth Rs 2,481 crore.
Stocks that are banned for trading in the F&O segment on November 18, 2024, are AARTIIND, ABFRL, GNFC, GRANULES, HINDCOPPER.
Disclaimer: The article is for informational purposes only and not investment advice.