Market Wrap: Benchmark indices make new all-time highs with Nifty IT among the top gainers!

On Friday, Benchmark indices concluded the last trading day of the week on a positive note as Sensex surged by 0.78 per cent and reached its new all-time high at 80,893.51 level, while Nifty soared by 0.77 per cent and reached its record high at 24,592.20 level.

Market Update at 3:45 PM: On Friday, Benchmark indices concluded the last trading day of the week on a positive note as Sensex surged by 0.78 per cent and reached its new all-time high at 80,893.51 level, while Nifty soared by 0.77 per cent and reached its record high at 24,592.20 level. Similarly, the Broader market experienced gains as Nifty Midcap closed higher by 0.04 per cent, while Nifty Smallcap surged by 0.16 per cent.

Market volatility, as indicated by India VIX, has declined by 1.93 per cent and is trading below the level of 14 reflecting a decrease in market volatility.

Within the sectoral landscape, Nifty IT, Nifty Media and Nifty FMCG were among the top gainers, while Nifty Realty, Nifty PSU Bank and Nifty Auto are the major sectors which underperformed.

TCS, Wipro and Infosys were among the top gainers while on the other hand Maruti, Divi’s Laboratories and Coal India were among the top losers.

About 951 stocks were advancing as against to 1333 that were declining, thus indicating a negative sentiment in the broader market.

Market Update at 2:05 PM: In the current trading session benchmark indices trade on a positive note with the Sensex trading higher by 1.01 per cent, while Nifty soared by 1 per cent. Similarly, in the broader indices Nifty Midcap has gained by 0.06 per cent, while Nifty Smallcap has surged by 0.47 per cent.

India VIX has declined by 0.34 per cent and is trading below the level of 14 indicating a decrease in market volatility.

Within the sectoral landscape, Nifty IT, Nifty Media and Nifty Bank are among the top gainers while Nifty Realty, Nifty Auto and Nifty PSU Bank are the major sectors which are underperforming.

TCS, Wipro and Infosys are among the top gainers while Maruti, Divi’s Laboratories and Hindalco are among the top losing stocks from the Nifty 50.

About 1122 stocks are advancing as against 1176 stocks that are declining, thus indicating a neutral sentiment in the broader market.

Market Update at 12:45 PM: In the current trading session benchmark indices have surged with Sensex trading higher by 0.76 per cent while Nifty also gained by 0.72 per cent. Whereas, in the broader indices Nifty Midcap has declined by 0.1 per cent, while Nifty Smallcap has gained by 0.12 per cent.

India VIX is has declined by 0.61 per cent and is trading below the mark of 14 indicating a decrease in market volatility.

European stocks are poised to open higher on Friday, defying a broader global selloff, as fresh inflation data is expected to be released. European futures DAX, CAC and FTSE trade higher by 0.16 per cent, 0.35 per cent and 0.48 per cent respectively.

Within the sectoral landscape Nifty IT, Nifty Media and Nifty Bank are among the top gainers while Nifty Realty, Nifty Auto and Nifty Metal are among the top losers.

TCS, Wipro and LTIMindtree are among the top gainers within the Nifty 50 while, Divi’s Laboratories, Maruti and Hindalco are among the top losers.

About 1028 stocks are advancing as against to 1255 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 11:20 AM: In the ongoing trading session, Benchmark indices are trading on a positive note with Sensex trading substantially higher by 0.89 per cent, making a new record high of 80,893.51 level while Nifty soared by 0.85 per cent and made a new all-time high at 24,592.20 level. Similarly in the broader indices Nifty Midcap experience gains of 0.33 per cent, while Nifty Smallcap has surged by 0.62 per cent.

India VIX is has declined by 1.02 per cent and is trading below the mark of 14, indicating an slight decrease in market volatility.

Within the sectoral landscape, Nifty IT, Nifty Media and Nifty Bank are among the top gainers while Nifty Realty, Nifty Auto and Nifty Pharma are among the top losers.

Top gainers in individual stocks are TCS, LTIMindtree and Wipro whereas, Divi’s Laboratories, Maruti and Asian Paints are among the top losers in the Nifty 50.

The broader market sentiment is positive, with 1373 stocks advancing compared to 973 stocks declining.

Market Update at 9:35 AM: On Friday, Indian markets opened the last trading session of the week on a positive note while, the Broader indices also displayed positive performance, amid Q1 results from IT stocks. Nifty IT emerged as the top gainer, while Nifty Realty experienced the largest losses.

The Sensex is trading up by 0.39 per cent above the 80,200 mark while the Nifty has also gained by 0.42 per cent and is trading above the 24,400 level. Similarly, in the broader, the Nifty Midcap gained by 0.36 per cent trading above the 57,300 level while the Nifty Smallcap surged by 0.69 per cent and is trading above the 19,000 mark!

India VIX has marginally declined by 1.3 per cent and is trading around the mark of 14, indicating a slight decline in market volatility.

Within the sectoral landscape Nifty Media, Nifty IT and Nifty PSU Bank were among the top gainers while Nifty Realty is the only major sector which is underperformed!

Shriram Finance, TCS and Wipro are among the top gainers within the Nifty 50 while Maruti, Britannia and HDFC Life are among the top losers.

About 1567 stocks are advancing as against to 588 stocks that are declining, thus indicating a positive sentiment in the broader market.

Pre-Market Update at 8:10 AM: The Nasdaq closed sharply lower on Thursday, impacted by losses in Nvidia, Apple, and Tesla as investors shifted to smaller companies after softer-than-expected inflation data increased bets on a Federal Reserve rate cut in September.

The S&P 500 fell 0.88 per cent to 5,584.54 points, while the Nasdaq dropped 1.95 per cent to 18,283.41 points. The Dow Jones Industrial Average rose 0.08 per cent to 39,753.75 points.

The US 10-year yield increased by 9 basis points to 4.21 per cent, and the 2-year Treasury yield rose by 5 basis points to 4.51 per cent in early trade on Friday.

The GIFT Nifty indicates a flat start for the Indian Benchmark indices, with a slight decline of 0.01 per cent or 0.5 points. Nifty futures are currently trading near the 24,406.00 mark.

Oil prices increased in early Asian trading on Friday, supported by signs of strong summer demand and easing inflationary pressures in the U.S., the world's largest oil market, which boosted investor confidence.

Brent crude futures rose 37 cents, or 0.4 per cent, to USD 85.77 a barrel, while U.S. West Texas Intermediate crude futures climbed 50 cents, or 0.6 per cent, to USD 83.12 a barrel.

On July 11, 2024, foreign institutional investors (FII) offloaded shares worth Rs 1,137.01 crore, while domestic institutional investors (DII) bought shares worth Rs 1,676.47 crore.

Stocks that are banned for trading in the F&O segment on July 12, 2024, are ABFRL, BALRAMCHIN, BANDHANBNK, CHAMBLFERT, GNFC, IEX, INDIACEM, INDUSTOWER, PEL and RBLBANK.