Market Wrap: Benchmark indices close on a negative note with Nifty Realty and Nifty Media among top losers!
Sensex closed lower by 0.07 per cent and closed at 79,486.32, while Nifty closed lower by 0.21 per cent and closed at 24,148.20 level.
Market Update at 3:35 PM: On Friday, Benchmark indices concluded the trading day on a negative note as Sensex closed lower by 0.07 per cent and closed at 79,486.32, while Nifty closed lower by 0.21 per cent and closed at 24,148.20 level. Similarly, the Broader market, Nifty Midcap closed lower by 1.33 per cent at 56,352, while Nifty Smallcap closed lower by 1.70 per cent and closed at 18,445.60.
Market volatility, as indicated by India VIX, declined by 3.15 per cent and is trading at the level of 14.47 reflecting a fall in market volatility.
Within the sectoral landscape, Nifty IT and Nifty FMCG emerged as Top Gainers, while Nifty Realty, Nifty Media, and Nifty PSU Bank sector underperformed falling over 2 per cent each.
M&M, TITAN, and TECHM were among the top gainers while on the other hand COALINDIA, TRENT, and ASIANPAINT were among the Top Losers.
About 592 stocks were advancing as against to 1,776 that were declining, thus indicating a negative sentiment in the broader market.
Market Update at 12:00 PM: During the ongoing trading session, benchmark indices are showing a negative trend, with the Sensex down by 0.24 per cent and the Nifty down by 0.34 per cent. However, in the broader market, the Nifty Midcap down by 1.11 per cent, while the Nifty Smallcap declined by 1.08 per cent.
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India VIX declined by 1.47 per cent and is trading around the mark of 14.72, indicating a fall in market volatility.
In the sectoral landscape Nifty IT sector emerged as top gainers, while Nifty Realty, Nifty Media, and Nifty Energy sectors are underperforming.
Top gainers in individual stocks are INFY, WIPRO, and TECHM while, COALINDIA, TRENT and ASIANPAINT are among the top losers in the Nifty 50.
The broader market sentiment is negative, with 630 stocks advancing compared to 1,738 stocks declining.
Market Update at 9:45 AM: On Friday, markets opened on a positive note, with both Nifty and Sensex showing positive movement. Nifty IT led the gains and Nifty Media was the biggest laggard.
As of now, the Sensex is up by 0.27 per cent, hovering around 79,740, and Nifty is up by 0.23 per cent, trading near 24,250. However, in the broader market, the Nifty Midcap rose about 0.14 per cent to about 57,190, and the Nifty Smallcap is up by 0.03 per cent, trading near 18,770.
India VIX up by 0.33 per cent and is trading at 14.99, indicating a slight rise in market volatility.
Within the sectoral landscape Nifty IT, Nifty Metal, and Nifty Pharma sector is among the top gainers while Nifty Media, Nifty Energy and Nifty PSU Bank is underperforming.
WIPRO, INFY, and TECHM are among the top gainers within the Nifty 50 while TRENT, BPCL, and TATAMOTORS are among the top losers.
About 1,040 stocks are advancing as against to 1,209 stocks that are declining, thus indicating a negative sentiment in the broader market.
Pre-Market Update at 7:45 AM: US stocks rose on Thursday following a 25 basis point interest rate cut by the Federal Reserve, continuing a rally triggered by Donald Trump's return as president. The Fed cut rates by 0.25 per cent, noting a slightly weaker job market and ongoing progress toward its 2 per cent inflation goal.
The Dow Jones Industrial Average ended almost unchanged, down 0.59 points at 43,729.34. The S&P 500 increased by 44.06 points, or 0.74 per cent, to 5,973.10, while the Nasdaq Composite climbed 285.99 points, or 1.51 per cent, to 19,269.46.
The GIFT Nifty is trading flat, indicating a positive to flat start for the day. Nifty futures were trading at 24,283.35.
The U.S. 10-year Treasury yield stands at 4.334 per cent, while the 2-year bond yield at 4.202 per cent.
Brent crude reached $75.5 and WTI $72.1 per barrel on Friday, poised for weekly gains. Prices rose after the Fed's 0.25 per cent rate cut and potential U.S. sanctions on oil producers. Hurricane Rafael also disrupted Gulf of Mexico production.
On November 7 2024, foreign institutional investors (FII) sold shares worth Rs 4,888 crore, while domestic institutional investors (DII) bought shares worth Rs 1,786 crore.
Stocks that are banned for trading in the F&O segment on November 8, 2024, are ABFRL and GRANULES.
Disclaimer: The article is for informational purposes only and not investment advice.