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

Sensex rose by 0.45 per cent and closed at 84,928.61, while Nifty rose by 0.57 per cent and closed at 25,939.05 level.

Market Update at 3:40 PM: On Monday, Benchmark indices concluded the trading day on a positive note as Sensex rose by 0.45 per cent and closed at 84,928.61, while Nifty rose by 0.57 per cent and closed at 25,939.05 level. Similarly, the Broader market, Nifty Midcap closed higher by 0.84 per cent at 60,712.40, while Nifty Smallcap closed higher by 1.12 per cent and closed at 19,548.90.

Market volatility, as indicated by India VIX, rose by 7.82 per cent and is trading at the level of 13.79 reflecting a rise in market volatility.

Within the sectoral landscape, Nifty PSU Bank, Nifty Realty, and Nifty Auto emerged as Top Gainers, while there are Nifty IT is the only sector which underperformed.

M&M, BAJAJ-AUTO, and ONGC were among the top gainers while on the other hand EICHERMOT, DIVISLAB, and ICICIBANK were among the Top Losers.

About 1,536 stocks were advancing as against to 856 that were declining, thus indicating a positive sentiment in the broader market.

Market Update at 12:55 PM: In the current trading session benchmark indices have slightly gained with Sensex trading higher by 0.16 per cent while Nifty trading higher by 0.31 per cent. Similarly, in the broader indices Nifty Midcap rose by 0.68 per cent, while Nifty Smallcap surged by 1 per cent trading around 19,520.

India VIX rose by 7.11 per cent and is trading around the mark of 13.70 indicating a rise in market volatility.

European stocks are expected to start the wee in positive territory as global markets continue to react positively to the US Federal Reserve’s interest rate cut last week. European Futures; DAX (+0.25 per cent); CAC (+0.03 per cent); FTSE (+0.35 per cent)

Within the sectoral landscape Nifty PSU Bank, Nifty Realty, and Nifty Auto are among the top gainers while only Nifty IT is underperforming.

SBIN, ONGC, and M&M are among the top gainers within the Nifty 50 while, EICHERMOT, ICICIBANK, and TECHM are among the top losers.

About 1580 stocks are advancing as against to 819 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 11:40 AM: During the ongoing trading session, benchmark indices are showing a positive trend, with the Sensex up by 0.13 per cent and the Nifty rising by 0.25 per cent. Similarly, in the broader market, the Nifty Midcap has also surged by 0.54 per cent, while the Nifty Smallcap surged by 0.74 per cent.

India VIX rose by 6.25 per cent and is trading around the mark of 13.59, indicating a rise in market volatility.

In the sectoral landscape, Nifty PSU Bank, Nifty Realty, and Nifty Auto emerged as top gainers, while Nifty IT is underperforming.

Top gainers in individual stocks are ONGC, SBIN, and M&M while, ICICIBANK, EICHERMOT, and HCLTECH are among the top losers in the Nifty 50.

The broader market sentiment is positive, with 1,570 stocks advancing compared to 830 stocks declining.

Market Update at 9:30 AM: On Monday, Indian markets opened on a positive note, with both Nifty and Sensex seeing gains. Nifty PSU Bank emerged as the top gainer, while no sector lagged as the biggest loser.

The Sensex rose by 0.34 per cent, hovering around 84,840, and the Nifty also rose by 0.45 per cent, approaching 25,900. Similarly, the broader market also registered gains, with the Nifty Midcap surging by 0.47 per cent to about 60,500, while the Nifty Smallcap surged by 0.80 per cent, trading close to 19,480.

India VIX rose by 6.33 per cent and is trading at 12.60, indicating a rise in market volatility.

Within the sectoral landscape Nifty PSU Bank, Nifty Pharma, and Nifty Auto are among the top gainers while there is no sector which is underperforming.

BHARTIARTL, M&M, and SHRIRAMFIN are among the top gainers within the Nifty 50 while ICICIBANK, HINDALCO, and LTIM are among the top losers.

About 1,690 stocks are advancing as against to 591 stocks that are declining, thus indicating a positive sentiment in the broader market.

Pre-Market Update at 8:35 AM: On Friday, Wall Street ended flat, with the Dow and S&P 500 hovering near their record highs from the previous session. The dollar strengthened as investors absorbed the Fed's midweek 50-basis-point rate cut, marking the start of a rate-reducing cycle.

The S&P 500 initially rose by 1 per cent after the news but closed down 0.29 per cent at 5,618.26. The Dow edged up 0.09 per cent to 42,063.36, while the Nasdaq fell 0.36 per cent to end at 17,948.32.

The yield on the US 10-year Treasury gained 76 basis points to 3.74 per cent, while the US 2-year bond yield gained 27 basis points, settling at 3.59 per cent

The GIFT Nifty is showing an upward trend, signaling a positive opening for the day. Nifty futures are currently trading at 25,887.40.

Oil prices edged up in early Monday trading, driven by worries over Middle East tensions affecting supply and hopes that last week's U.S. rate cut will boost demand.

Brent futures rose 42 cents to $74.12 a barrel (Dec ’24), while U.S. crude rose 47 cents to $71.44 a barrel (Nov ’24).

On September 20, 2024, foreign institutional investors (FII) bought shares worth Rs 14,064 crore, while domestic institutional investors (DII) sold shares worth Rs 4,427 crore.

Stocks that are banned for trading in the F&O segment on September 23, 2024, are AARTIIND, BIOCON, CHAMBLFERT, GNFC, GRANULES, LICHSGFIN, NATIONALUM, OFSS, PNB, RBLBANK, SAIL.

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