Market Wrap: Indices close on a lower note while Nifty Media closes substantially higher!

On July 6, foreign institutional investors (FII) purchased shares worth Rs 2,641.05 crore, while domestic institutional investors (DII) sold shares worth Rs 2,351.66 crore.

Market Update at 3:40 PM: Sensex closes lower by 0.77 per cent while Nifty closes lower by 0.85 per cent.

Nifty Midcap and Nifty Smallcap close lower by 0.81 per cent and 0.44 per cent respectively.

India VIX has plunged by 2.62 per cent.

Nifty Media, Nifty PSU Bank and Nifty Auto were among the top gainers while Nifty FMCG, Nifty Realty and Nifty Energy were among the top losers.

Titan, Tata Motors and M&M were among the top gainers while Apollo Hospitals, Adani Ports and Power Grid were among the top losers from the Nifty 50.

About 676 stocks were advancing as against 1260 stocks that were declining. Thus, indicating a negative sentiment in the broader market.

Market Update at 2:35 PM: Sensex and Nifty trade lower by 0.47 per cent and 0.55 per cent respectively.

Nifty Midcap and Nifty Smallcap trade lower by 0.67 and 0.26 per cent respectively.

India VIX has plunged by 2.87 per cent.

Nifty Media and Nifty PSU Bank are among the top gainers while Nifty FMCG, Nifty Realty and Nifty Bank are among the top losers.

Titan, TCS and M&M are among the top gainers while Indusind Bank, Adani Ports and Power Grid are among the top losers from the Nifty 50.

About 693 stocks are advancing as against 1246 stocks that are declining. Thus, indicating a negative sentiment in the broader market.

Market Update at 12:45 PM: Sensex and Nifty trade lower by 0.65 per cent and 0.71 per cent respectively.

Nifty Midcap and Nifty Smallcap trade lower by 1.07 and 0.75 per cent respectively.

India VIX has plunged by 1.44 per cent.

Nifty Media is among the top gainers while Nifty PSU Bank, Nifty Metal and Nifty Bank are among the top losers.

Titan, HDFC Life and M&M are among the top gainers while Indusind Bank, Adani Ports and Power Grid are among the top losers from the Nifty 50.

About 543 stocks are advancing as against 1382 stocks that are declining. Thus, indicating a negative sentiment in the broader market.

Market Update at 11:15 AM: Sensex and Nifty trade lower by 0.28 per cent and 0.3 per cent respectively.

Nifty Midcap and Nifty Smallcap trade lower by 0.64 and 0.28 per cent respectively.

India VIX has plunged by 1.01 per cent.

Almost all the sectors are underperforming as of now among which Nifty PSU Bank, Nifty Realty and Nifty Bank are among the top losers.

Titan, HDFC Life and SBI Life are among the top gainers while Indusind Bank, Adani Ports and Power Grid are among the top losers from the Nifty 50.

About 691 stocks are advancing as against 1228 stocks that are declining. Thus, indicating a negative sentiment in the broader market.

As of July 07, 2023, the market capitalization of BSE listed companies has crossed Rs 300 lakh crore.

Market Update at 9:35 AM: Sensex and Nifty open on a flat note.

Nifty Midcap opens lower by 0.06 per cent while Nifty Smallcap opens higher by 0.39 per cent.

India VIX has surged by 0.41 per cent.

Nifty Media, Nifty Realty and Nifty Energy are among the top gainers while Nifty Bank, Nifty Financial Services and Nifty IT are among the top losers.

Titan, M&M and BPCL are among the top gainers while Apollo Hospital, Cipla and Divi’s Laboratories are among the top losers from the Nifty 50.

About 1176 stocks were advancing as against 630 stocks that were declining. Thus, indicating a positive sentiment in the broader market.

IdeaForge Technology is poised for an impressive beginning on July 7, listing with a premium of 81 per cent over its IPO price.

Pre-Market Update at 7:45 AM: The Dow Jones Industrial Average concluded the day with a decline of 1.07 per cent, closing at 33,922.26. The S&P 500 finished at 4,411.59, down by 0.79 per cent. Similarly, the Nasdaq Composite settled at 13,679.04, experiencing a decrease of 0.82 per cent.

Despite concerns of higher U.S. interest rates impacting energy demand, oil prices remained mostly steady on Friday. However, they were on track to record weekly gains due to indications of reduced supply following a larger-than-anticipated decline in U.S. oil stocks. Brent crude futures experienced a marginal decrease of 1 cent, reaching $76.51 per barrel.

On July 6, foreign institutional investors (FII) purchased shares worth Rs 2,641.05 crore, while domestic institutional investors (DII) sold shares worth Rs 2,351.66 crore.

On Friday, the GIFT Nifty suggested a stagnant beginning for the benchmark indices, showing an increase of 15 points. The futures were recorded at 19,503.

Stocks that are banned for trading in the F&O segment on July 7, 2023, is BHEL and Delta Corp.