Midcap and smallcap lead gains as benchmark indices stay positive

Sensex up by 0.15 per cent and the Nifty up by 0.21 per cent.

Market Update at 1:40 AM: During the ongoing trading session, benchmark indices are showing a positive trend, with the Sensex up by 0.15 per cent and the Nifty up by 0.21 per cent. However, in the broader market, the Nifty Midcap rose by 0.57 per cent, while the Nifty Smallcap rose by 0.79 per cent.

India VIX rose by 2.56 per cent and is trading around the mark of 14.80, indicating a rise in market volatility.

In the sectoral landscape Nifty Pharma, Nifty Media and Nifty Realty emerged as Top Gainers, Nifty PSU Bank, Nifty FMCG and Nifty Bank sectors are underperforming.

Top gainers in individual stocks are ULTRACEMCO, GRASIM, and APOLLOHOSP while, HDFCLIFE, SBILIFE and NTPC is among the Top Losers in the Nifty 50.

The broader market sentiment is positive, with 1,522 stocks advancing compared to 863 stocks declining.

Market Update at 10:10 AM: On Monday, markets opened on a flat note, with both Nifty and Sensex showing flattish movement. The Nifty Realty index led the gains, while Nifty PSU Bank index lagged behind.

As of now, the Sensex is down by 0.30 per cent, hovering around 79,560, and Nifty is down by 0.20 per cent, trading near 24,080. However, in the broader market, the Nifty Midcap rose about 0.24 per cent to about 56,530, and the Nifty Smallcap is up by 0.49 per cent, trading near 18,740.

India VIX is up by 1.94 per cent, trading at 14.71, indicating slight rise in market volatility.

Within the sectoral landscape Nifty Pharma, Nifty Media, and Nifty Realty sector is among the Top Gainers while Nifty PSU Bank, Nifty Bank and Nifty Fin Service is underperforming.

SHRIRAMFIN, ULTRACEMCO, and GRASIM are among the top gainers within the Nifty 50 while HDFCLIFE, INDUSINDBK, and HINDUNILVR are among the Top Losers.

About 1,400 stocks are advancing as against to 956 stocks that are declining, thus indicating a positive sentiment in the broader market.

Pre-Market Update at 8:45 AM: U.S. stock markets closed on a positive note during the shortened Black Friday trading session, driven by gains in technology stocks. The Dow Jones Industrial Average posted a 0.42 per cent uptick, while the S&P 500 advanced by 0.52 per cent. Similarly, the Nasdaq Composite wrapped up the day with a 0.52 per cent increase.

The GIFT Nifty is trading higher, indicating a positive start for the day. Nifty futures were trading at 24,304.15.

The U.S. 10-year Treasury yield stands at 4.215 per cent, while the 2-year bond yield at 4.194 per cent.

Brent crude rose above $72 and WTI exceeded $68 on Monday, driven by signs of China’s economic recovery and anticipation of the OPEC+ meeting. Middle East tensions, including clashes between Israel and Lebanon, also supported prices.

On November 29 2024, foreign institutional investors (FII) sold shares worth Rs 4,383 crore, while domestic institutional investors (DII) bought shares worth Rs 5,723 crore.

As of December 2, 2024, no stocks are under the F&O segment trading ban.

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