Market Wrap: Broader indices outperform while Benchmark indices record modest gains!

Remarkably, the Nifty Midcap has outperformed with a significant gain of 1.06 per cent, and the Nifty Smallcap has also shown substantial growth, closing 0.77 per cent higher.

Market Update at 3:35 PM: In the latest market update, Sensex has closed higher, showing a gain of 0.23 per cent, while Nifty is not far behind, closing with a 0.24 per cent increase. Remarkably, the Nifty Midcap has outperformed with a significant gain of 1.06 per cent, and the Nifty Smallcap has also shown substantial growth, closing 0.77 per cent higher.

The India VIX has notably decreased by 1.37 per cent, indicating a decline in market volatility.

Leading the gainers in the market are Nifty Media, Nifty Pharma, and Nifty Realty, while Nifty Financial Services and Nifty Bank are among the top losers.

Among individual stocks in the Nifty 50 index, top gainers include Coal India, Apollo Hospitals, and Sun Pharma, whereas Ultratech Cement, SBI Life, and Dr. Reddy’s Laboratories are among the leading losers.

The broader market sentiment remains positive, with 1147 stocks advancing compared to 857 stocks declining, reinforcing an optimistic market outlook.

Market Update at 2:20 PM: In the current market scenario, the Sensex and Nifty are making marginal gains of 0.1 per cent and 0.12 per cent, respectively. Notably, the Nifty Midcap segment exhibits significant strength with a remarkable increase of 1.06 per cent, while the Nifty Smallcap also advances, albeit to a slightly lesser degree, by 0.94 per cent.

Meanwhile, the India VIX has recorded a notable decline of 0.82 per cent, indicating reduced market volatility.

Leading the gainers within the Indian market are Nifty Media, Nifty Realty, and Nifty Pharma, while Nifty Metal, Nifty Financial Services, and Nifty Bank are among the top losers.

Among individual stocks within the Nifty 50 index, top gainers include Sun Pharma, Apollo Hospitals, and Coal India, whereas Ultratech Cement, NTPC, and Dr. Reddy’s Laboratories are among the top losers.

Market sentiment remains positive, with 1107 stocks advancing in comparison to 890 stocks declining, reflecting a favorable market outlook.

Market Update at 12:30 PM: In the current market scenario, the Sensex has advanced by 0.15 per cent, while the Nifty has registered a 0.16 per cent increase. Notably, the Nifty Midcap is showing significant strength with a gain of 0.9 per cent, and the Nifty Smallcap is substantially higher by 0.98 per cent.

However, European markets appear set for a lower opening, as indicated by European futures DAX, FTSE, and CAC trading lower by 0.33 per cent, 0.6 per cent, and 0.56 per cent, respectively.

Furthermore, there has been a notable decline of 0.36 per cent in the India VIX, reflecting reduced market volatility.

Leading the gainers in the Indian market are Nifty Media, Nifty Realty, and Nifty IT, while Nifty Metal, Nifty Financial Services, and Nifty Bank are among the top losers.

Among individual stocks within the Nifty 50 index, notable gainers include Apollo Hospitals, Bajaj Auto, and LTI Mindtree, while Dr Reddy’s Laboratories, NTPC, and Tata Steel are among the top losers.

Overall market sentiment remains positive, with 1263 stocks advancing compared to 736 stocks declining, underscoring a favourable market outlook.

Market Update at 11:10 AM: In the current trading session, Sensex is showing an upward trend with a gain of 0.19 per cent, while Nifty is also in the green, trading higher by 0.24 per cent. Notably, the Nifty Midcap has made significant strides, surging by 1.03 per cent, and the Nifty Smallcap is substantially higher with a gain of 1.17 per cent.

Furthermore, there has been a notable drop of 0.18 per cent in the India VIX, indicating decreased market volatility.

Leading the gainers are Nifty Media, Nifty Realty, and Nifty PSU Bank, whereas Nifty Metal, Nifty Financial Services, and Nifty Bank are among the top losers.

Within the Nifty 50 index, notable gainers include Jio Financial Services, Apollo Hospitals, and BPCL, while Dr. Reddy’s, NTPC, and Tata Steel are among the leading losers.

The broader market sentiment remains positive, with 1374 stocks advancing compared to 609 stocks declining, affirming a favourable market sentiment.

Market Update at 9:30 AM: In the opening moments of the trading session, the Sensex and Nifty have registered marginal gains of 0.07 per cent and 0.1 per cent, respectively. Notably, the Nifty Midcap has made a stronger start with a gain of 0.65 per cent, while the Nifty Smallcap has opened with a substantial increase of 0.77 per cent.

Meanwhile, there has been a minor dip of 0.09 per cent in the India VIX, indicating a slight reduction in market volatility.

Leading the gainers in the market are Nifty Realty, Nifty PSU Bank, and Nifty Media, while Nifty Metal, Nifty IT, and Nifty Bank are among the top gainers.

Among the top-performing stocks within the Nifty 50 index are Jio Financial Services, Titan, and Cipla, while Hindalco, Tata Steel, and JSW Steel are the leading losers.

The broader market sentiment remains positive, with 1427 stocks advancing compared to 427 stocks declining, signalling a favourable market outlook.

Pre-Market Update at 8:05 AM: Monday night sees a mixed performance in US stock futures, with the market aiming to sustain its momentum in the shortened holiday week. Dow Jones Industrial Average futures slipped by 0.11 per cent. Similarly, S&P 500 futures edged down by 0.05 per cent, while Nasdaq 100 futures recorded a modest gain of 0.04 per cent.

In Asian morning trading on Monday, oil prices saw a slight increase due to optimistic economic data from China and the United States, along with the anticipation of continued supply cuts by major oil producers. Brent crude rose by 0.2 per cent, reaching USD 88.72 per barrel. In the futures market, the Dollar index experienced a 0.10 per cent decrease, trading at 104.13, while the exchange rate for one dollar remained around Rs 82.73.

The GIFT Nifty suggests a slightly bearish opening for the Benchmark indices, showing a decline of 30 points. GIFT Nifty futures reached 19,569 points after hitting a peak at 19,588 points.

On September 4, foreign institutional investors (FII) offloaded shares worth Rs 3,367.67 crore, while domestic institutional investors (DII) purchased shares worth Rs 2,563.48 crore.

Stocks that are banned for trading in the F&O segment on September 05, 2023, are Balrampur Chini Mills, BHEL, Hind Copper, Indiabulls Housing Finance and India Cements.