Market Wrap: Benchmark indices plunges while Nifty Pharma outperforms!

On June 14, foreign institutional investors (FII) bought shares valued at Rs 1,714.72 crore, while domestic institutional investors (DII) sold shares worth Rs 654.77 crore.

Market Update at 3:30 PM: Sensex plunges by 0.49 per cent while Nifty plunges by 0.36 per cent.

Nifty Midcap and Smallcap surge by 0.21 per cent and 0.15 per cent respectively.

India VIX plunged by 1.16 per cent.

Nifty Pharma, Nifty Auto and Nifty FMCG were among the top gainers while Nifty Media, Nifty Bank and Nifty PSU Bank are among the top losers towards the end of the day.

Divis Laboratories, Dr Reddy’s Laboratories and Apollo Hospitals were among the top gainers while IndusInd Bank, Wipro and Hero Motocorp were among the top losers towards the end of the day.

About 869 stocks are advancing as against to 1099 stocks that were declining. Thus, indicating a negative sentiment in the broader market.

Market Update at 2:20 PM: Sensex trades lower by 228 points while Nifty trades lower by 50 points.

Nifty Midcap and Smallcap trade higher by 0.17 per cent each.

India VIX has surged by 1.25 per cent.

Nifty Pharma, Nifty Auto and Nifty FMCG are among the top gainers while Nifty Financial Services, Nifty Bank and Nifty PSU Bank are among the top losers.

Divis Laboratories, Dr Reddy’s Laboratories and Apollo Hospitals are among the top gainers while IndusInd Bank, Wipro and Kotak Bank are among the top losers.

About 934 stocks are advancing as against to 1025 stocks that are declining. Thus, indicating a slight negative sentiment in the broader market.

Market Update at 12:25 PM: Sensex plunges by 0.15 per cent while Nifty falls by 0.09 per cent.

Nifty Midcap and Nifty Smallcap still trade higher by 0.32 per cent and 0.41 per cent respectively.

European Markets are heading for a negative open as investors prepare for the latest Monetary Policy decision from the European Central Bank.

India VIX has surged by 0.54 per cent.

Nifty Pharma, Nifty Auto and Nifty FMCG are among the top gainers while Nifty IT, Nifty Bank and Nifty PSU Bank are among the top losers.

Divis Laboratories, Dr Reddy’s Laboratories and M&M are among the top gainers while IndusInd Bank, Wipro and HDFC Life are among the top losers.

About 1021 stocks are advancing as against to 930 stocks that are declining. Thus, indicating a slight positive sentiment in the broader market.

Market Update at 11:00 AM: Sensex climbs up by 0.03 per cent while Nifty surges by 0.13 per cent.

Nifty Midcap and Nifty Smallcap has surged by 0.53 per cent and 0.6 per cent respectively.

India VIX has plunged by 0.18 per cent.

Nifty Pharma, Nifty Auto and Nifty Realty are among the top gainers while Nifty IT, Nifty Bank and Nifty PSU Bank are among the top losers.

Divis Laboratories, Adani Enterprises and Apollo Hospitals are among the top gainers while IndusInd Bank, Infosys and Power Grid are among the top losers.

About 1277 stocks are advancing as against to 652 stocks that are declining. Thus, indicating positive sentiment in the broader market.

Market Update at 9:25 AM: Sensex opens lower by 0.22 per cent while Nifty opens lower by 0.15 per cent.

Nifty Midcap and Smallcap open on a mixed note.

India VIX has plunged by 1.34 per cent.

Nifty Pharma, Nifty FMCG and Nifty Auto are among the top gainers while Nifty IT, Nifty Media and Nifty Energy are among the top losers.

Divis Laboratories, Cipla and Britannia are among the top gainers while IndusInd Bank, Infosys and HDFC Life are among the top losers.

Pre-Market Update at 8:20 AM: US stock futures remained flat as the Federal Reserve chose not to raise rates at its recent meeting. However, they signalled the potential for two rate hikes later this year. Dow Jones futures increased by 2 points, while S&P 500 and Nasdaq-100 futures rose by 0.07 per cent and 0.11 per cent respectively.

In futures trading, the Dollar index declined by 0.33 per cent to 102.58, while the value of one dollar remained close to Rs 82.04. Additionally, following the US Federal Reserve's projection of additional interest rate hikes this year, oil prices experienced a decline on Wednesday. Brent crude futures concluded the day at $73.20 per barrel, settling $1.09 lower.

On June 14, foreign institutional investors (FII) bought shares valued at Rs 1,714.72 crore, while domestic institutional investors (DII) sold shares worth Rs 654.77 crore.

On June 15, the market is expected to open slightly lower based on the negative start indicated by the SGX Nifty. The benchmark indices are projected to begin with a loss of 11 points, having initially opened the session at 18,777 points. During early trade on June 15, SGX futures reached a high of 18,859.

Stocks that are banned for trading in the F&O segment on June 15, 2023, are BHEL, Delta Corp, Indiabulls Housing Finance, IEX, India Cements, Manappuram and Zee Entertainment Ltd.