Midcap and smallcap indices outperform even as Sensex and Nifty fall

Sensex is down by 0.13 per cent, hovering around 82,027, and Nifty is down by 0.10 per cent, trading near 24,740.

Market Update at 9:45 AM: On Monday, markets opened on a negative note, with both Nifty and Sensex showing negative movement. Nifty Realty index led the gains, while Nifty Metal index lagged behind.

As of now, the Sensex is down by 0.13 per cent, hovering around 82,027, and Nifty is down by 0.10 per cent, trading near 24,740. However, in the broader market, the Nifty Midcap rose about 0.54 per cent to about 59,310, and the Nifty Smallcap is up by 0.73 per cent, trading near 19,540.

India VIX is up by 6.59 per cent, trading at 13.91, indicating rise in market volatility.

Within the sectoral landscape Nifty Realty, Nifty Media, and Nifty PSU Bank sector is among the Top Gainers while Nifty Metal, Nifty IT, Nifty Auto sector is underperforming.

INDUSINDBK, SHRIRAMFIN, and BAJFINANCE are among the top gainers within the Nifty 50 while JSWSTEEL, TITAN, and SUNPHARMA are among the Top Losers.

About 1,676 stocks are advancing as against to 644 stocks that are declining, thus indicating a positive sentiment in the broader market.

Pre-Market Update at 7:55 AM: U.S. stocks wrapped up the week with little movement in a quiet trading session on Friday. The S&P 500 and Dow recorded weekly losses, while the Nasdaq managed its fourth straight week of gains.

The Dow Jones Industrial Average slipped by 86.06 points (0.20 per cent) to close at 43,828.06. The S&P 500 edged down by just 0.16 point (0.00 per cent) to settle at 6,051.09, whereas the Nasdaq Composite rose 23.88 points (0.12 per cent) to end at 19,926.72.

The GIFT Nifty is indicating a negative start for the day. Nifty futures were trading at 24,830.75.

The U.S. 10-year Treasury yield stands at 4.391 per cent, while the 2-year bond yield at 4.243 per cent.

Brent crude fell to $74.3 and WTI to $71.1 on Monday after last week’s 6 per cent surge, driven by supply concerns and China’s stimulus plans. Focus now shifts to the Fed’s expected rate cut, while the UAE plans to reduce oil shipments next year to meet OPEC+ targets.

On December 13 2024, foreign institutional investors (FII) bought shares worth Rs 2,335 crore, while domestic institutional investors (DII) sold shares worth Rs 732 crore.

Stocks that are banned for trading in the F&O segment on December 16, 2024, are GRANULES, HINDCOPPER, MANAPPURAM, METROPOLIS, NATIONALUM, PVRINOX, RBLBANK, SAIL.

Disclaimer: The article is for informational purposes only and not investment advice.