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

Sensex declined by 0.98 per cent and closed at 81,688.46, while Nifty declined by 0.93 per cent and closed at 25,014.60 level.

Market Update at 3:30 PM: On Friday, Benchmark indices concluded the trading day on a negative note as Sensex declined by 0.98 per cent and closed at 81,688.46, while Nifty declined by 0.93 per cent and closed at 25,014.60 level. However, the Broader market, Nifty Midcap closed lower by 0.93 per cent at 58,474.45, while Nifty Smallcap closed lower by 1.02 per cent and closed at 18,758.65.

Market volatility, as indicated by India VIX, rose by 7.29 per cent and is trading at the level of 14.13 reflecting a rise in market volatility.

Within the sectoral landscape, Nifty PSU Bank and Nifty IT emerged as Top Gainers, while Nifty Media, Nifty Realty and Nifty FMCG are the sectors which underperformed.

INFY, ONGC and HDFCLIFE were among the top gainers while on the other hand M&M, BAJFINANCE, and NESTLEIND were among the Top Losers.

About 703 stocks were advancing as against to 1,673 that were declining, thus indicating a negative sentiment in the broader market.

Market Update at 12:25 PM: In the current trading session benchmark indices are trading positive, with Sensex trading higher by 0.68 per cent while Nifty trading higher by 0.79 per cent. However, in the broader indices Nifty Midcap rose by 0.36 per cent, while Nifty Smallcap rose by 0.41 per cent.

India VIX rose by 1.06 per cent and is trading around the mark of 13.31 indicating a slight rise in market volatility.

European Stocks were poised for a higher open Friday, as traders continue to monitor the escalating conflict in the Middle East and look ahead to the latest US jobs report; European Futures; DAX (+0.03 per cent); CAC (+0.06 per cent); FTSE (-0.13 per cent).

Within the sectoral landscape Nifty PSU Bank, Nifty IT and Nifty Pharma are among the top gainers while Nifty Realty and Nifty Media are the sectors which are underperforming.

INFY, TECHM and TATAMOTORS are among the top gainers within the Nifty 50 while, HEROMOTOCO, CIPLA and SHRIRAMFIN are among the top losers.

About 1,545 stocks are advancing as against to 793 stocks that are declining, thus indicating a negative sentiment in the broader market.

Market Update at 11:35 AM: During the ongoing trading session, benchmark indices are showing a positive trend, with the Sensex up by 0.23 per cent and the Nifty up by 0.14 per cent. However, in the broader market, the Nifty Midcap is flat, up by 0.01 per cent, while the Nifty Smallcap rose by 0.11 per cent.

India VIX rose by 2.89 per cent and is trading around the mark of 13.55, indicating a rise in market volatility.

In the sectoral landscape Nifty IT, Nifty PSU Bank, and Nifty Bank emerged as top gainers, while Nifty Realty, Nifty Media, and Nifty Auto are the sectors which are underperforming.

Top gainers in individual stocks are INFY, TECHM, and WIPRO while, SHRIRAMFIN, HEROMOTOCO, and CIPLA are among the top losers in the Nifty 50.

The broader market sentiment is positive, with 1,278 stocks advancing compared to 1,048 stocks declining.

Market Update at 9:35 AM: On Friday, Indian markets opened on a negative note, with both Nifty and Sensex showing negative movement. Nifty IT led the gains, while Nifty Realty was the biggest laggard.

As of now, the Sensex is down by 0.26 per cent, hovering around 82,275, and Nifty is down by 0.28 per cent, trading near 25,180. However, in the broader market performed, the Nifty Midcap is down by 1.18 per cent to approximately 58,340, and the Nifty Smallcap is down by 1.09 per cent, trading near 18,750.

India VIX rose by 4 per cent and is trading at 13.70, indicating a rise in market volatility.

Within the sectoral landscape only Nifty IT is among the top gainers while Nifty Realty and Nifty Media and Nifty MID SELECT are the sectors which are underperforming.

ONGC, SBILIFE and INDUSINDBK are among the top gainers within the Nifty 50 while BPCL, HEROMOTOCO, and BAJFINANCE are among the top losers.

About 515 stocks are advancing as against to 1,730 stocks that are declining, thus indicating a negative sentiment in the broader market.

Pre-Market Update at 7:45 AM: US stocks closed lower on Thursday as investors awaited Friday's monthly payrolls report and monitored the escalating conflict in the Middle East.

Thursday’s data showed a slight increase in unemployment claims, while Hurricane Helene and ongoing port strikes may impact the labor market in the short term.

The Dow Jones Industrial Average dropped 184.93 points (0.44 per cent) to 42,011.59, the S&P 500 slipped 9.58 points (0.17 per cent) to 5,699.96, and the Nasdaq Composite edged down 6.65 points (0.04 per cent) to 17,918.48.

The GIFT Nifty is trading lower, signaling a negative opening for the day. Nifty futures are currently trading at 25,619.00.

Early Friday trade saw the US 10-year Treasury yield decline by 20 basis points to 3.83 per cent, while the 2-year bond yield fell 33 basis points to 3.69 per cent.

Oil prices edged higher in early Asian trade on Friday, maintaining strong weekly gains as investors balanced Middle East tensions with a well-supplied global market. Brent crude rose 9 cents (0.12 per cent) to $77.71 a barrel, while U.S. West Texas Intermediate gained 8 cents (0.11 per cent) to $73.79 a barrel.

On October 3, 2024, foreign institutional investors (FII) sold shares worth Rs 15,243 crore, while domestic institutional investors (DII) bought shares worth Rs 12,913 crore.

Stocks that are banned for trading in the F&O segment on October 04, 2024, are BANDHANBNK, BSOFT, GRANULES, HINDCOPPER, MANAPPURAM, RBLBANK.

Disclaimer: The article is for informational purposes only and not investment advice.