Market Wrap: Benchmark indices closed on a higher note while Nifty IT outperformed!

On Friday, Frontline indices concluded the day on a positive note as Sensex closed higher by 1.30 per cent concluding at 72,651.05 level, while Nifty also closed higher by 1.2 per cent concluding at 21,908.

Market Update at 3:40 PM: On Friday, Frontline indices concluded the day on a positive note as Sensex closed higher by 1.30 per cent concluding at 72,651.05 level, while Nifty also closed higher by 1.2 per cent concluding at 21,908. Similarly Broader indices closed moderately higher with Nifty Midcap surging by 0.37 per cent, while Nifty Smallcap grew by 0.44 per cent.

Market volatility, as indicated by India VIX, has declined by 2.6 per cent, reflecting a increase in market volatility.

Nifty IT, Nifty PSU bank and Nifty Realty are among the top gainers, while Nifty Media, Nifty Healthcare and Nifty Auto are among the top losers.

Infosys, ONGC & Tech Mahindra are among the top gainers while Cipla, Apollo Hospital, and Bajaj Finserv and are among the top losing stocks from the Nifty 50

About 1363 stocks were advancing as against to 1164 stocks that were declining, thus indicating an optimistic sentiment in the broader market.

Market Update at 2:30 PM: In the current trading session benchmark indices trade lower with the Sensex zoomed by 1.15 per cent, while Nifty also soared by 1.10 per cent. Similarly, Nifty Midcap has plunged by 0.41 per cent, while Nifty Smallcap trades lower by 0.62 per cent

India VIX is currently trading higher by 2.64 per cent, indicating an increase in market volatility.

Nifty PSU banks, Nifty IT and Nifty Realty are among the top gainers, while Nifty Auto, Nifty Healthcare and Nifty pharma are among the top losers.

Infosys, Tech Mahindra and LTIMindtree are among the top gainers while Apollo Hospital, Cipla, and Bajaj Finserv and are among the top losing stocks from the Nifty 50.

About 1,417 stocks are advancing as against to 1,077 stocks that are declining, thus indicating a negative sentiment in the broader market.

Market Update at 12:40 PM: In the current trading session benchmark indices trade higher with the Sensex soaring by 0.94 per cent, while Nifty zoomed by 0.87 per cent. Similarly, Nifty Midcap has also jumped by 0.34 per cent, while Nifty Smallcap is also experiencing a significant increase of 0.69 per cent.

India VIX is currently trading higher by 1.12 per cent, indicating a slight increase in market volatility.

European markets are set to open higher on Friday after weakness of last 3 days. European futures DAX, CAC and FTSE trade higher by 0.67 per cent, 0.69 per cent and 0.42 per cent respectively.

Nifty PSU banks, Nifty IT and Nifty Realty are among the top gainers, while Nifty Auto, Nifty Healthcare and Nifty pharma are among the top losers.

Infosys, ONGC and Tech Mahindra are among the top gainers while Bajaj Finserv, Cipla and Apollo Hospital are among the top losing stocks from the Nifty 50.

About 1,414 stocks are advancing as against to 1,029 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 11:30 AM: In the current trading session benchmark indices trade moderately higher with the Sensex jumping by 0.92 per cent, while Nifty also trades higher by 0.86 per cent. Similarly, Nifty Midcap has significantly surged by 0.39 per cent, while Nifty Smallcap has also substantially soared by 0.70 per cent.

India VIX is currently trading higher by 1.53 per cent, indicating an higher in market volatility.

Nifty PSU banks, Nifty IT and Nifty Realty are among the top gainers while Auto, Nifty Healthcare and Nifty pharma are among the top losers.

Infosys, Tech mahindra and Wipro are among the top gainers while, Mahindra & Mahindra, Bajaj Finserv are among the top losing stocks from the Nifty 50.

About 1,377 stocks are advancing as against to 891 stocks that are declining, thus indicating a positive sentiment in the Broader market.

Market Update at 10:45 AM: In the current trading session benchmark indices trade moderately higher with the Sensex jumping by 0.79 per cent, while Nifty also trades higher by 0.76 per cent. Similarly, Nifty Midcap has significantly surged by 0.36 per cent, while Nifty Smallcap has also substantially soared by 0.69 per cent.

India VIX is currently trading lower by 0.33 per cent, indicating an lower in market volatility.

Nifty Realty, Nifty IT and Nifty oil & gas are among the top gainers while Auto, Nifty Healthcare and Nifty pharma are among the top losers.

Infosys, Tech mahindra and Wipro are among the top gainers while, Mahindra & Mahindra, Cipla and Asian paints are among the top losing stocks from the Nifty 50.

About 28 stocks are advancing as against to 22 stocks that are declining, thus indicating a positive sentiment in the Nifty 50.

Pre-Market Update at 8:00 AM: US stock futures remained relatively stable on Thursday night looking at the inflation reports this week. Dow Jones Industrial Average futures increased by 15 points or 0.04 per cent, while S&P 500 declined by 0.06 per cent and Nasdaq 100 futures increased by 0.17 per cent. The investors focused on inflation data released on Thursday morning.

The movements come after a quiet day on Wall Street. The Dow Jones Industrial Average rose around 15 points, but the S&P 500 fell slightly. The Nasdaq Composite, which is heavily weighted towards technology, finished flat.

Investors were paying attention to inflation data released Thursday morning. The consumer price index for December came in somewhat higher than expected, with prices up 0.3 per cent month on month and 3.4 per cent year on year.

The GIFT Nifty suggests a slightly positive commencement for the benchmark indices, showing a gain of 21 points. GIFT Nifty futures reached 21,715 points after reaching a peak of 21,768 points.

Oil prices rose Thursday amid Iran seized an oil tanker off the coast of Oman, raising the prospect of escalating conflict in the Middle East. Brent crude futures increased by USD 0.61, or 0.79 per cent, reaching USD 77.41 a barrel, while U.S. West Texas Intermediate crude futures climbed USD 0.65, or 0.91 per cent, to USD 72.02.

Earlier in the morning, both benchmarks were up more than USD 2 per barrel, but have since retreated in response to an unexpected surge in US inflation and indications that China is wanting less Saudi imports. In response for the US seizure of the same vessel and its oil last year, Iran intercepted a ship carrying Iraqi crude bound for Turkey.

The capture of the Marshall Islands-flagged St Nikolas coincided with weeks of raids on Red Sea commercial lines by Yemen's Iran-backed Houthi militants. The Yemen-based Houthis launched their greatest attack yet on commercial maritime lines in the Red Sea this week.

The Dollar index in futures showed a 0.06 per cent decline, tumbling to 102.22, while the value of one dollar remained close to Rs 83.09.

On January 11, 2024, foreign institutional investors (FII) sold shares worth Rs 865 crore, while domestic institutional investors (DII) bought shares worth Rs 1,607.08 crore.

Stocks that are banned for trading in the F&O segment on January 12, 2024, are BANDHANBNK, BHEL DELTACORP, ESCORTS, HINDCOPPER, INDIACEM, INDUSTOWER, NATIONALUM, PEL, POLYCAB, PVRINOX, SAIL, and ZEEL.