Market Wrap: Benchmark indices close on a positive note while Nifty Realty surged over 4 per cent!

On Monday, Benchmark indices concluded the trading day on a positive note as Sensex moderately gained by 0.49 per cent closing at 74,014.55 level, while Nifty also surged by 0.61 per cent and closed at 22,426 level.

Market Update at 3:45 PM: On Monday, Benchmark indices concluded the trading day on a positive note as Sensex moderately gained by 0.49 per cent closing at 74,014.55 level, while Nifty also surged by 0.61 per cent and closed at 22,426 level. Similarly, the Broader market experienced significant gains as Nifty Midcap closed substantially higher by 1.74 per cent, while Nifty Smallcap soared by 3.26 per cent.

Market volatility, as indicated by India VIX, has declined by 5.84 per cent, reflecting a decrease in market volatility.

Nifty Media, Nifty Realty, Nifty Metal and Nifty PSU Bank were among the top gainers while Nifty Auto and Nifty FMCG were the major sectors which underperformed.

JSW Steel, Tata Steel and Divi’s Laboratories were among the top gainers while Eicher Motors, Titan and Nestle India were among the top losing stocks from the Nifty 50.

About 1888 stocks were advancing as against to 233 stocks that were declining, thus indicating a positive 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 trading substantially higher by 0.48 per cent, while Nifty trades higher by 0.61 per cent. Similarly, in the broader indices Nifty Midcap has significantly surged by 1.54 per cent, while Nifty Smallcap has substantially gained by 2.81 per cent.

India VIX is currently trading lower by 5.42 per cent, indicating a decrease in market volatility.

Nifty Realty, Nifty Media and Nifty Metal are among the top gaining sectors while Nifty FMCG is the only major sector which is underperforming.

JSW Steel, Tata Steel and Shriram Finance are among the top gainers while Eicher Motors, Titan and LTIMindtree are among the top losing stocks from the Nifty 50.

About 1905 stocks are advancing as against 224 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 12:35 PM: In the current trading session benchmark indices trade higher with the Sensex substantially surging by 0.57 per cent, while Nifty also soared by 0.67 per cent. Similarly, in the broader markets Nifty Midcap has soared by 1.49 per cent, while Nifty Smallcap has gained by 2.5 per cent.

India VIX is currently trading lower by 5.05 per cent, indicating a decline in market volatility.

Nifty Realty, Nifty Media and Nifty Metal are among the top gainers while currently there are no major sectors which are underperforming.

JSW Steel, Tata Steel and Shriram Finance are among the top gainers while Titan, Nestle India and LTIMindtree among the top losing stocks from the Nifty 50.

About 1916 stocks are advancing as against to 209 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 11:15 AM: In the ongoing trading session, benchmark indices are trading near their all-time highs, as Sensex is trading higher by 0.47 per cent after making a new all-time high of 74,254.62 level while Nifty also trades higher by 0.57 per cent after making a new all-time high of 22,529.95 level. Similarly, in the broader indices Nifty Midcap experiences significant gains of 1.31 per cent, while Nifty Smallcap has soared by 2.36 per cent.

India VIX is trading moderately lower by 3.84 per cent, indicating a slight decrease in market volatility.

Nifty Realty, Nifty Media and Nifty Metal are among the top gaining sectors while currently no major sectors are underperforming.

Top gainers in individual stocks are JSW Steel, Tata Steel and Adani Ports, whereas Eicher Motors, Hero Motocorp and Titan are among the leading losers in the Nifty 50.

The broader market sentiment is positive, with 1912 stocks advancing compared to 200 stocks declining.

Market Update at 9:35 AM: On Monday, Indian markets initiated the trading day on a positive note with Sensex opening substantially higher by 0.71 per cent, while Nifty also opened higher by 0.81 per cent. Similarly, in the broader indices Nifty Midcap opened significantly higher by 1.31 per cent, while Nifty Smallcap also opened substantially higher by 1.97 per cent.

India VIX has marginally declined by 1.19 per cent, indicating a marginal decline in market volatility.

Nifty Media, Nifty Metal and Nifty Realty are among the top gainers while currently there are no major sectors which are underperforming.

JSW Steel, Tata Steel and Shriram Finance are among the top gainers while Bharti Airtel and Bajaj Auto are among the top losing stocks from the Nifty 50.

About 1875 stocks are advancing as against to 160 stocks that are declining, thus indicating a positive sentiment in the broader market.

Pre-Market Update at 8:10 AM: On Thursday, the S&P 500 concluded the week with modest gains, recording its best first-quarter performance in five years. This came as investors analyzed the recent economic indicators in anticipation of forthcoming inflation data.

The Dow Jones Industrial Average increased by 47.29 points or 0.12 per cent to 39,807.37. The S&P 500 rose by 5.86 points or 0.11 per cent to 5,254.35, while the Nasdaq Composite dropped 20.06 points or 0.12 per cent to 16,379.46.

The GIFT Nifty trends suggest a robust opening for Indian benchmark indices, with an increase of 63.50 points or 0.28 per cent. Nifty futures were observed trading at approximately the 22,545 level.

On Monday, oil prices experienced a minor decline, maintaining most of their recent gains fuelled by prospects of a constrained supply due to OPEC+ production cuts, assaults on Russian refineries, and positive manufacturing data from China.

Brent crude dipped by 17 cents, or 0.2 per cent, to USD 86.83 a barrel by 0017 GMT, after a 2.4 per cent increase the previous week. U.S. West Texas Intermediate crude was priced at USD 83.06 a barrel, dropping 11 cents, or 0.1 per cent, following a 3.2 per cent rise last week.

Trading volumes were anticipated to be low due to the Easter holiday closures in several countries. Continuing their upward trend for the third month, both benchmarks have seen consistent growth, with Brent sustaining prices above USD 85 a barrel since mid-March.

This trend follows the decision by the Organization of the Petroleum Exporting Countries and their allies (OPEC+) to continue production cuts until the end of June, potentially tightening the crude supply throughout the summer in the northern hemisphere.

On March 28, 2024, foreign institutional investors (FII) bought shares worth Rs 188.31 crore, while domestic institutional investors (DII) purchased shares worth Rs 2,691.52 crore.

Stock that is banned for trading in the F&O segment on April 01, 2024, is ZEEL.