Market Wrap: Benchmark indices conclude with marginal gains, while Nifty Smallcap outperforms!

In today's trading session, the Nifty concludes with a 0.05 per cent increase, closely followed by the Sensex, which records a 0.08 per cent gain.

Market Update at 3:50 PM: In today's trading session, the Nifty concludes with a 0.05 per cent increase, closely followed by the Sensex, which records a 0.08 per cent gain.

Further highlighting the positive sentiment, the Nifty Midcap marks a 0.98 per cent upswing, while the Nifty Smallcap outperforms with a substantial 1.15 per cent surge.

However, there is a notable downtick of 4.40 per cent in the India VIX, suggesting a decrease in market volatility.

Among the top gainers in the sectoral indices are Nifty PSU Bank, Nifty Metal, and Nifty Realty, whereas Nifty FMCG and Nifty Media are among the top performers.

Zooming in on individual stocks within the Nifty 50, notable gainers include UPL, Hindalco, and ONGC, while Asian Paints, ITC, and Coal India face losses.

Overall, the market sentiment appears optimistic, with approximately 1459 stocks advancing, outnumbering the 554 stocks in decline, indicating a positive trend in the broader market.

Market Update at 2:25 PM: In today's market activity, the Sensex is seeing a slight dip of 0.02 per cent, while the Nifty is trading with a marginal uptick of 0.05 per cent.

On the other hand, the Nifty Midcap is displaying robust growth, surging by 1 per cent, and the Nifty Smallcap is notably higher, showing a substantial increase of 1.19 per cent.

Market volatility is reflected in the India VIX, which has declined by 2.54 per cent.

Leading the gainers in sectoral indices are Nifty Metal, Nifty Realty, and Nifty PSU Bank, while Nifty FMCG, Nifty Financial Services, and Nifty Media are among the top decliners.

When examining individual stocks within the Nifty 50, the top performers include Hindalco, UPL, and ONGC, while Asian Paints, ITC, and LTIMindtree are positioned among the top decliners.

Taking into account market breadth, around 1433 stocks are advancing, outnumbering the 575 stocks in decline, signalling a prevailing positive sentiment in the broader market.

Market Update at 12:35 PM: In today's market, the Sensex is observing a 0.1 per cent decline, while the Nifty is trading marginally lower by 0.08 per cent.

Conversely, the Nifty Midcap is showing notable growth, up by 0.69 per cent, and the Nifty Smallcap is surging significantly, with an impressive 1.12 per cent increase.

Looking at global markets, European markets are poised for a mixed opening on Thursday, with investors closely monitoring the European Central Bank's forthcoming interest rate decision. European futures indicate slight gains, with the DAX, CAC, and FTSE trading higher by 0.07 per cent, 0.03 per cent, and 0.32 per cent, respectively.

Adding to market dynamics, the India VIX has plunged by 0.44 per cent, reflecting decreased market volatility.

Sector-wise, Nifty Metal, Nifty Realty, and Nifty Auto are leading the gainers, whereas Nifty FMCG, Nifty Financial Services, and Nifty Pharma are among the top losers.

Examining individual stocks within the Nifty 50, top performers include Hindalco, UPL, and Tata Steel, while Asian Paints, ITC, and Adani Ports are positioned among the top decliners.

In terms of market breadth, around 1495 stocks are advancing, outnumbering the 500 stocks in decline, indicating an overall positive sentiment in the broader market.

Market Update at 11:00 AM: In the current market session, the Sensex is experiencing a slight dip of 0.01 per cent, while the Nifty trades marginally higher by 0.08 per cent.

On the other hand, the Nifty Midcap has shown a notable increase of 0.7 per cent, and the Nifty Smallcap is demonstrating significant growth, soaring by 1.25 per cent.

It's noteworthy that the India VIX has seen a 0.85 per cent surge, indicating heightened market volatility.

Among the top gainers in sectoral indices are Nifty Metal, Nifty Realty, and Nifty PSU Bank, while Nifty FMCG and Nifty Financial Services are among the top decliners.

Examining individual stocks within the Nifty 50, leading gainers include Hindalco, UPL, and Tata Steel, while Asian Paints, ITC, and Titan are positioned among the top losers.

Considering the broader market sentiment, approximately 1546 stocks are on an upward trajectory, outnumbering the 435 stocks in decline, signalling a positive market sentiment overall.

Market Update at 9:35 AM: In the current market session, both the Sensex and Nifty have started on a positive note, with gains of 0.39 per cent and 0.43 per cent, respectively.

Furthermore, the Nifty Midcap has opened notably higher with a 1 per cent increase, while the Nifty Smallcap is off to a strong start, surging by 1.35 per cent.

Adding to the market dynamics, the India VIX has seen a decline of 0.76 per cent, indicating reduced volatility.

Among the top gainers in the sectoral indices are Nifty Metal, Nifty Realty, and Nifty IT, with no major sectors currently underperforming.

Highlighting individual stocks within the Nifty 50, leaders include Hindalco, Tata Steel, and UPL, while Adani Ports, Ultratech Cement, and Axis Bank are among the top losers.

Considering market breadth, approximately 1666 stocks are advancing, while only 200 stocks are declining, painting a positive sentiment across the broader market.

Pre-Market Update at 7:50 AM: On Wednesday, the Dow Jones Industrial Average, consisting of 30 major stocks, experienced its second consecutive decline, dropping by 0.2 per cent, primarily influenced by the performance of 3M. In contrast, the Nasdaq Composite closed with a nearly 0.3 per cent gain, while the S&P 500 saw a modest increase of 0.1 per cent.

The focal point for traders during this period was the release of the August consumer price index (CPI). The core CPI, which excludes food and energy prices, saw a 0.3 per cent increase from the previous month and a 4.3 per cent increase from the same period last year. These figures closely aligned with economist expectations of 0.2 per cent and 4.3 per cent, respectively, according to a Dow Jones survey. On the other hand, headline inflation, including all items, recorded a 0.6 per cent monthly increase and a 3.7 per cent annual increase, slightly exceeding economists' predictions of 0.6 per cent and 3.6 per cent, respectively.

Oil prices rose on Wednesday as concerns about tight crude supply for the rest of the year outweighed worries about inflation. In the US, consumer prices surged in August, driven by a 10.6 per cent increase in retail gasoline prices, with the core consumer price index rising by 0.3 per cent. As a result, Brent futures gained 0.43 per cent to reach USD 92.46 a barrel. The Dollar index dipped 0.06 per cent to 104.65 in futures, with the dollar's value around Rs 83.09.

The GIFT Nifty suggests a slightly optimistic beginning for the Benchmark indices, showing an increase of 33 points. GIFT Nifty futures reached 20,167 points, reaching a peak at 20,174 points.

On September 13, foreign institutional investors (FII) offloaded shares worth Rs 1,631.63 crore, while domestic institutional investors (DII) bought shares worth Rs 849.86 crore.

Stocks that are banned for trading in the F&O segment on September 14, 2023, are Delta Corp, Hind Copper, Indiabulls Housing Finance, IEX, India Cements, Manappuram, National Aluminium Company, REC Ltd and SAIL.