Market Wrap: Indices end lower while Energy and Metal surge!

On June 7, foreign institutional investors (FIIs) purchased shares worth Rs 1,382.57 crore, whereas domestic institutional investors (DIIs) bought shares worth Rs 392.30 crore.

Market Update at 3:30 PM: Sensex ends lower by 0.47 per cent below 62,900 level while Nifty ends lower by 0.49 per cent below 18,700 level.

Nifty Midcap and Smallcap close on a lower note be 0.55 per cent and 0.95 per cent.

India VIX plunged by 2.45 per cent.

Nifty Energy and Metal were among the top performing sectors while Nifty Realty, Media and IT were among the top losing sectors towards the end of the day.

NTPC, JSW Steel and ONGC were among the top gaining stocks from the Nifty 50 and Grasim, Kotak Bank and Sun Pharma were among the top losing stocks from the Nifty 50 towards the end of the day.

Market Update at 2:10 PM: Sensex trades lower by 0.19 per cent while Nifty trades lower by 0.21 per cent.

Nifty Midcap trades lower by 0.36 per cent and Nifty Smallcap trades lower by 0.6 per cent.

India VIX has declined by 1.22 per cent.

Nifty Metal, Energy and PSU Bank are among the top performing sectors while Nifty Realty, Media and IT are among the top losing sectors as of now.

NTPC, JSW Steel and Power Grid are among the top gaining stocks from the Nifty 50 and Grasim, Sun Pharma and Apollo Hospitals are among the top losing stocks from the Nifty 50 as of now.

Market Update at 12:00 PM: Sensex trades marginally lower by 0.16 per cent whereas Nifty trades lower by 0.21 per cent.

Nifty Midcap trades lower by 0.61 per cent and Nifty Smallcap trades lower by 0.92 per cent.

India VIX has declined by 0.35 per cent.

Nifty Energy, Metal and Financial Services are among the top performing sectors while Nifty Realty, Media and IT are among the top losing sectors as of now.

NTPC, JSW Steel and Power Grid are among the top gaining stocks from the Nifty 50 and BPCL, Grasim and Eicher Motors are among the top losing stocks from the Nifty 50 as of now.

Market Update at 10:35 AM: Sensex trades higher by 0.22 per cent and Nifty trades higher by 0.21 per cent.

Nifty Midcap and Smallcap has surged by 0.39 and 0.15 per cent.

India VIX has plunged marginally by 0.09 per cent.

Nifty Energy, Metal and PSU Bank are among the top gaining sectors while Nifty IT, Realty and FMCG are among the top losing sectors as of now.

NTPC, JSW Steel and Power Grid are among the top gaining stocks from the Nifty 50 and Kotak Bank, BPCL and Eicher Motors are among the top losers from the Nifty 50 as of now.

RBI keeps repo rate unchanged at 6.5 per cent.

Inflation to remain above 4 per cent in FY24- RBI Governor Shaktikanta Das.

Real GDP growth of FY24 projected at 6.5 per cent.

Market Update at 9:30 AM: Sensex opens higher by 0.11 per cent above 63,200 level while Nifty opens higher by 0.12 per cent above 18,700 level.

Nifty Midcap and Smallcap open higher by 0.24 and 0.05 per cent respectively.

India VIX has plunged by 1.22 per cent.

Nifty Metal, Energy and PSU Bank are among the top gaining sectors and Nifty IT, Realty and Pharma are among the top losing sectors as of now.

Pre Market Update at 8:10 AM: Futures associated with the S&P 500 declined by 0.04 per cent, while Nasdaq 100 futures experienced a slight decrease of 0.09 per cent. Meanwhile, futures linked to the Dow Jones Industrial Average fell by 0.05 per cent.

Oil prices climbed around 1 per cent on Wednesday, driven by Saudi Arabia's deep output cuts, which offset concerns over rising U.S. fuel stocks and weak Chinese export data. The Dollar index traded slightly lower at 104.11 in futures, while the value of one dollar remained near Rs 82.62. Gold plunged by 0.83 per cent, and silver dropped 0.34 per cent.

On June 7, foreign institutional investors (FIIs) purchased shares worth Rs 1,382.57 crore, whereas domestic institutional investors (DIIs) bought shares worth Rs 392.30 crore.

On June 8, it is expected that the market will open slightly higher, as indicated by the SGX Nifty, with a positive start for the broader index. The SGX Nifty showed a gain of 12 points, opening the session at 18,825 points. In early trade on June 8, SGX futures reached a high of 18,851.

Stocks that are banned for trading today in the F&O segment today are Indiabulls Housing Finance, India Cements and Manappuram.

Today, the Monetary Policy Committee (MPC), led by Reserve Bank Governor Shaktikanta Das, will disclose its decision on policy rates.