Market Wrap: Benchmark indices reach new all-time highs!

On Wednesday’s trading session Benchmark indices concluded the day on a positive note after making new all-time highs. Sensex closed significantly higher by 0.98 per cent after making a new all-time high of 72,119.85, while Nifty also surged by 1 per cent after reaching its all-time high of 21,675.75.

Market Update at 3:40 PM: On Wednesday’s trading session Benchmark indices concluded the day on a positive note after making new all-time highs. Sensex closed significantly higher by 0.98 per cent after making a new all-time high of 72,119.85, while Nifty also surged by 1 per cent after reaching its all-time high of 21,675.75. Similarly, Broader indices also closed on a higher note with Nifty Midcap surging by 0.38 per cent, while Nifty Smallcap surged by 0.45 per cent.

Market volatility, as indicated by India VIX, has surged by 5.11 per cent, reflecting an increase in market volatility.

Nifty PSU Bank, Nifty Auto, Nifty Metal and Nifty Bank were among the top gainers, while Nifty Energy was the only major sector which underperformed.

Hindalco, Ultratech Cement and Bajaj Auto were among the top gainers while NTPC, ONGC and Adani Enterprises were among the top losing stocks from the Nifty 50.

About 1071 stocks were advancing as against to 975 stocks that were declining, thus indicating a optimistic sentiment in the broader market.

Market Update at 2:10 PM: In the current trading session benchmark indices trade higher with the Sensex surging by 0.49 per cent, while Nifty soared by 0.5 per cent after making a new all-time high of 21,603.40. Whereas, Nifty Midcap has moderately surged by 0.4 per cent, while Nifty Smallcap is also experiencing a marginal gain of 0.15 per cent.

India VIX is currently trading higher by 4.68 per cent, indicating a slight increase in market volatility.

Nifty PSU Bank, Nifty Metal and Nifty Auto are among the top gainers while Nifty Media, and Nifty Energy are among the top losers as of now.

Ultratech Cement, Hindalco and Bajaj Auto are among the top gainers while NTPC, Britannia and ONGC are among the top losing stocks from the Nifty 50.

About 1033 stocks are advancing as against to 1009 stocks that are declining, thus indicating a neutral sentiment in the broader market.

Market Update at 12:40 PM: In the current trading session benchmark indices trade higher with the Sensex surging by 0.45 per cent, while Nifty soared by 0.44 per cent. Whereas, Nifty Midcap has declined by 0.05 per cent, while Nifty Smallcap is also experiencing a decline of 0.24 per cent.

India VIX is currently trading higher by 2.95 per cent, indicating a slight increase in market volatility.

European markets are headed for a positive open on Wednesday, as European futures DAX, CAC and FTSE trade higher by 0.35 per cent, 0.49 per cent and 0.48 per cent respectively.

Nifty PSU Bank, Nifty Metal and Nifty Bank are among the top gainers while Nifty Media, and Nifty Energy are among the top losers as of now.

Hindalco, Ultratech Cement and Tata Motors are among the top gainers while NTPC, Britannia and Hero Motocorp are among the top losing stocks from the Nifty 50.

About 972 stocks are advancing as against to 1064 stocks that are declining, thus indicating a slight negative sentiment in the broader market.

Market Update at 11:15 AM: In the current trading session benchmark indices trade moderately higher with the Sensex trading higher by 0.64 per cent, while Nifty also trades higher by 0.63 per cent. Whereas, Nifty Midcap has surged by 0.69 per cent, while Nifty Smallcap has soared by 0.49 per cent.

India VIX is currently trading higher by 2.83 per cent, indicating a slight increase in market volatility.

Nifty PSU Bank, Nifty Metal and Nifty Auto are among the top gainers while currently there are no major sectors which are currently underperforming.

Ultratech Cement, Hindalco and Tata Motors are among the top gainers while NTPC, Britannia and Hero Motocorp are among the top losing stocks from the Nifty 50.

About 1364 stocks are advancing as against to 662 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 9:35 AM: On Wednesday, Indian markets initiated the trading day on a positive note with the Sensex opening moderately higher by 0.35 per cent, while Nifty opened moderately higher by 0.36 per cent. Similarly, Nifty Midcap opened on a higher note surging by 0.52 per cent, while Nifty Smallcap opened significantly higher by 0.68 per cent.

India VIX has surged by 2.33 per cent, indicating a slight increase in market volatility.

Nifty Media and Nifty Realty and Nifty IT are among the top gaining sectors while Nifty Pharma is the only major sector which is currently underperforming.

Ultratech Cement, Bajaj Finance and Bajaj Finserv are among the top gainers while Britannia, Sun Pharma and Asian Paints are among the top losing stocks from the Nifty 50.

About 1587 stocks are advancing as against to 366 stocks that are declining, thus indicating a positive sentiment in the broader market.

Pre-Market Update at 8:25 AM: To kick off the final week of the year, U.S. stocks experienced gains, propelling the S&P 500 toward record levels. The S&P 500 rose by 0.42 per cent to reach 4,774.75, while the Nasdaq Composite saw a 0.54 per cent increase, settling at 15,074.57. The Dow Jones Industrial Average closed at 37,545.33, gaining 159.36 points, or approximately 0.43 per cent.

The Nasdaq 100 reached an all-time high and record close, concluding the session at 16,878.46 with a 0.6 per cent gain. Despite lighter trading volume, Tuesday's movements suggest a continuation of the positive market trends that have uplifted major indices in recent weeks.

The GIFT Nifty suggests a slightly positive beginning for the benchmark indices, showing a 15-point gain. GIFT Nifty futures reached 21,503 points, reaching a peak of 21,540 points.

Oil surged over 2 per cent on Tuesday, reaching its highest level in nearly a month. This rise was fuelled by tensions in the Middle East and investor optimism regarding potential interest rate cuts by the U.S. Federal Reserve, which could stimulate global economic growth and increase fuel demand.

In thin trade due to public holidays in some markets, the rally added to the previous week's gains of about 3 per cent, following Houthi attacks on ships disrupting global shipping and the ongoing Israel-Hamas conflict. Brent crude futures rose by USD 1.79, or 2.3 per cent, reaching USD 80.86 a barrel and hitting USD 81.23 earlier, the highest since December 1. US West Texas Intermediate crude increased by USD 1.89, or 2.6 per cent, to USD 75.45.

Despite concerns about the Middle East and ship rerouting, actual supply has not been impacted yet. Maersk's announcement on Sunday about the resumption of shipping routes through the Red Sea eased some concerns.

The Dollar index in futures showed a 0.06 per cent decline, reaching 103.32, while the value of one dollar remained close to Rs 83.09.

On December 26, 2023, foreign institutional investors (FII) offloaded shares worth Rs 95.20 crore, while domestic institutional investors (DII) bought shares worth Rs 167.04 crore.

Stocks that are banned for trading in the F&O segment on December 27, 2023, are BALRAMCHIN, DELTACORP, HINDCOPPER, NATIONALUM and RBLBANK.