Market Wrap: Benchmark indices close on a positive note with Nifty Energy among the top gainers!

On Monday, Frontline indices concluded the day on a positive note as Sensex closed substantially higher by 1.76 per cent concluding at 71,941.57 level, while Nifty surged by 1.8 per cent and closed at 21,737.60 level.

Market Update at 3:40 PM: On Monday, Frontline indices concluded the day on a positive note as Sensex closed substantially higher by 1.76 per cent concluding at 71,941.57 level, while Nifty surged by 1.8 per cent and closed at 21,737.60 level. Similarly, this trend continued in the Broader market as Nifty Midcap closed significantly higher by 1.63 per cent, whereas Nifty Smallcap soared by 1.49 per cent.

Market volatility, as indicated by India VIX, has spiked up by 13.09 per cent, reflecting a surge in market volatility.

Nifty Energy, Nifty PSU Bank, Nifty Auto and Nifty Metal were among the top gainers while Nifty Media and Nifty FMCG were among the top losers.

ONGC, Reliance and Coal India were among the top gainers while Cipla, ITC and LTIMindtree were among the top losing stocks from the Nifty 50.

About 1411 stocks were advancing as against to 818 stocks that were declining, thus indicating an optimistic sentiment in the broader market.

Market Update at 2:25 PM: In the current trading session benchmark indices trade on a positive note with the Sensex substantially surging by 1.68 per cent, whereas Nifty also surged by 1.75 per cent. Similarly, Nifty Midcap has soared by 1.4 per cent, while Nifty Smallcap trades higher by 1.37 per cent.

India VIX is currently trading substantially higher by 12.68 per cent, indicating a significant surge in market volatility.

Nifty Energy, Nifty PSU Bank and Nifty Realty are among the top gainers while Nifty IT and Nifty FMCG are among the top losers.

ONGC, Reliance and Adani Enterprises are among the top gainers while Cipla, LTIMindtree and ITC are among the top losing stocks from the Nifty 50.

About 1468 stocks are advancing as against to 752 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 12:45 PM: In the current trading session benchmark indices trade substantially higher with the Sensex surging by 1.45 per cent, while Nifty also soared by 1.51 per cent. Similarly, in the broader indices Nifty Midcap surged by 1.35 per cent, while Nifty Smallcap soared by 1.4 per cent.

India VIX is currently trading substantially higher by 9.84 per cent, indicating a significant increase in market volatility.

European markets are headed for a mixed open on Monday as European Central Bank left the rates unchanged at previous levels. European futures DAX and FTSE trades lower by 0.29 per cent and 0.13 per cent, respectively while CAC trades marginally higher by 0.02 per cent.

Nifty Energy, Nifty PSU Bank and Nifty Financial Services are among the top gainers, while currently there are no major sector which are underperforming.

ONGC, Adani Enterprises and Reliance are among the top gainers while Cipla, Dr Reddy’s Laboratories and Bajaj Auto are among the top losing stocks from the Nifty 50.

About 1487 stocks are advancing as against to 728 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 11:10 AM: In the ongoing trading session, benchmark indices are trading on a higher note, with Sensex significantly surging by 1.22 per cent and Nifty is also showing substantial gains of 1.34 per cent. Similarly, the broader indices also demonstrate resilience with Nifty Midcap surging by 0.95 per cent, while Nifty Smallcap has experiencing a gain of 1.09 per cent.

India VIX is trading substantially higher by 10.49 per cent, indicating a major increase in market volatility.

Noteworthy gainers include Nifty Energy, Nifty PSU Bank and Nifty Financial Services, while Nifty IT is the only major sector which is underperforming.

Top gainers in individual stocks are ONGC, Adani Enterprises, and Adani Ports, whereas Cipla, Infosys, and Dr Reddy’s Laboratories are among the leading losers in the Nifty 50.

The broader market sentiment remains positive, with 1466 stocks advancing compared to 730 declining.

Market Update at 9:45 AM: On Monday, Indian markets initiated the trading week on a positive note with the Sensex opening substantially higher by 0.86 per cent, while Nifty also opened significantly higher by 0.95 per cent. Whereas Nifty Midcap opened moderately higher by 0.52 per cent, whereas Nifty Smallcap also opened substantially higher 0.9 per cent.

India VIX has surged by 10.46 per cent, indicating a substantial increase in market volatility.

Nifty Energy, Nifty Financial Services and Nifty PSU Bank are among the top gainers while Nifty Realty is the only major sector which is currently underperforming.

Adani Enterprises, ONGC and Adani Ports are among the top gainers while Cipla, Dr Reddy’s Laboratories and JSW Steel are among the top losing stocks from the Nifty 50.

About 1540 stocks are advancing as against to 575 stocks that are declining, thus indicating a positive sentiment in the broader market.

Pre-Market Update at 8:15 AM: On Friday, the S&P 500 halted a five-day streak of record highs as Intel shares slumped following a bleak revenue forecast, amidst U.S. economic data indicating moderated inflation. Despite the S&P 500 and Nasdaq closing lower, all three major indexes notched their third consecutive weekly gain.

The S&P 500 closed down by 0.07 per cent at 4,890.97 points, the Nasdaq fell 0.36 per cent to 15,455.36 points, while the Dow Jones Industrial Average rose 0.16 per cent to 38,109.43 points. Weekly performance saw the S&P 500 gaining 1.06 per cent, the Dow rising 0.65 per cent, and the Nasdaq advancing 0.94 per cent.

The GIFT Nifty trends signal a promising beginning for India's benchmark indices, showing an increase of 79.50 points or 0.37 per cent. Nifty futures were observed trading near the 21,619.50 level.

On Monday, oil prices surged by 1 per cent due to apprehensions regarding fuel supply following a missile attack on a fuel tanker operated by Trafigura in the Red Sea. Additionally, concerns arose over a potential decrease in Russian refined products exports due to multiple refineries undergoing repairs following drone attacks.

Brent crude futures rose by 83 cents to USD 84.38 a barrel, peaking at USD 84.80 during the session. US West Texas Intermediate crude increased by 78 cents to USD 78.79 a barrel.

At the beginning of the week, the dollar maintained stability as investors assessed U.S. economic data in anticipation of the upcoming Federal Reserve policy meeting. Meanwhile, heightened geopolitical tensions in the Middle East restrained risk sentiment. The dollar index, gauging the U.S. currency against six peers, edged up by 0.01 per cent to 103.55 on Monday. 

On January 25, 2024, foreign institutional investors (FII) offloaded shares worth Rs 2,144.06 crore, while domestic institutional investors (DII) bought shares worth Rs 3,474.89 crore.