Markets Open on a Positive Note with Gains in Realty and Healthcare Sectors
Sensex and Nifty Edge Higher as Broader Market Sentiment Stays Positive; Midcap and Smallcap Indices Outperform
Market Update at 9:35 AM: On Tuesday , markets opened on a positive note, with both Nifty and Sensex showing positive movement. Nifty Realty led the gains and Nifty FMCG was the biggest laggard.
As of now, the Sensex is up by 0.16 per cent, hovering around 79,615, and Nifty is up by 0.04 per cent, trading near 24,150. However, in the broader market, the Nifty Midcap rose about 0.42 per cent to about 56,089, and the Nifty Smallcap is rose by 0.51 per cent, trading near 18,318.
India VIX up by 1.26 per cent and is trading at 14.45, indicating a rise in market volatility.
Within the sectoral landscape Nifty Realty, Nifty Media, and Nifty Healthcare Index sector is among the Top Gainers while Nifty Auto, Nifty FMCG and Nifty Financial Services is underperforming.
Trent, Bharti Airtel, and Sun Pharma are among the top gainers within the Nifty 50 while HDFC Bank, Asian Paint, and Maruti are among the Top Losers.
About 1327 stocks are advancing as against to 887 stocks that are declining, thus indicating a positive sentiment in the broader market.
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Pre-Market Update at 8:00 AM: Wall Street's main indexes closed at record highs on Monday, driven by stocks poised to gain from President-elect Donald Trump's possible fiscal policies.
The S&P 500 edged up 0.10 per cent to 6,001.35, the Nasdaq increased 0.06 per cent to 19,298.76, and the Dow Jones rose 0.69 per cent to 44,293.13.
The GIFT Nifty is trading flat, indicating a muted start for the day. Nifty futures were trading at 24,225.00.
The U.S. 10-year Treasury yield stands at 4.318 per cent, while the 2-year bond yield at 4.277 per cent.
Brent crude fell below $72 per barrel, and WTI traded around $68, continuing recent losses. Weak demand worries persist as China’s economic measures disappointed, and a stronger U.S. dollar, linked to Trump’s re-election, pressured prices. Reduced Middle East tensions also eased price support. Investors await OPEC’s report for insights on the 2025 demand outlook and potential surplus next year.
On November 11 2024, foreign institutional investors (FII) sold shares worth Rs 2,306 crore, while domestic institutional investors (DII) bought shares worth Rs 2,026 crore.
Stocks that are banned for trading in the F&O segment on November 12, 2024, are AARTIIND, ABFRL, GRANULES, HINDCOPPER, MANAPPURA