Nifty closed below 17,700 level; Energy and Infra sector stocks dragged the market

Nestle Ind, Divislab and HCL Tech were the top gainers, whereas Powergrid Corporation, Reliance and Ultratech Cement were the top losers among Nifty 50 stocks. 

Market update at 3.30 PM:     

Nifty closed lower for another day and ended at around 17,660 level, down by 0.26 per cent. S&P BSE Sensex also closed lower by around 183.74 points. Nifty Midcap 100 and Nifty Small cap 100 performed well, gaining 0.76 per cent and 0.29 per cent, respectively. 

Some sectors like Pharma and Realty did better than Nifty, while Energy, Media and Infra sectors remained weak. Nestle Ind, Divislab and HCL Tech were the top gainers, whereas Powergrid Corporation, Reliance and Ultratech Cement were the top losers among Nifty 50 stocks. 

Nifty was quite volatile for the day but managed to stay above yesterday's low. The next important levels to track are 17,700 and 17,570. 

Market Update at 01:45 PM 

The trading day has been a rollercoaster ride for traders as the selling pressure intensified in the last half hour, causing the NSE benchmark Nifty 50 to drop by almost half a percent and trade near the day's low at 17,620. The bears have taken control of the market and it's a rough day for those who have invested in the blue-chip stocks. 

However, there is a silver lining to this market turmoil. The broader markets continue to outperform, showing resilience in the face of the bearish sentiment. Although they have come off their day's highs, the Smallcap index remains relatively flat, leading to an almost even advance-decline ratio. 

It's a mixed bag for different sectors, with most of them trading in the red. The Nifty Energy and Nifty Media sectors are the major losers, dragging the market down. At the same time, the Nifty Realty and Nifty Pharma sectors are trading with gains of over 1 percent, providing some respite to investors. 

Market update at 12:45 PM: Exciting news for investors as the NSE benchmark Nifty 50 makes a strong recovery, hovering around the impressive 17,700 mark. But that's not all - the broader market indices are also performing well, with the Nifty Midcap 100 and Smallcap 100 showing a 0.67 and 0.49 per cent increase respectively. 

Bulls are in favor, with an impressive 1184 stocks advancing compared to only 758 stocks declining on Tuesday. 

The day's top performing sectors are Nifty Realty and Nifty Pharma, with Nifty Realty seeing a whopping 1.5 per cent surge and Nifty Pharma inching closer to a 1 per cent gain. This is definitely a time to keep a close eye on the market and consider making some strategic investment moves. 

Market Update at 9:55 AM : The Indian stock markets have been a roller coaster ride today, with benchmark indices paring their early gains and the NSE benchmark Nifty 50 currently trading in red. The index is down by 0.24 per cent and is struggling to stay above the 17,700 mark. Despite the dip in the Nifty 50, the majority of the sectors are trading in green, led by Nifty Realty and Nifty Auto, signaling potential growth in the markets. 

However, amidst the mixed performance of different sectors, Likhita Infrastructure has emerged as the star performer of the day, making a fresh high and jumping over 5 per cent.   

Market Update at 9:25 AM: The Indian stock markets are abuzz with activity as Tuesday's trading session kicked off with a promising start. The Nifty and Sensex have opened in green and are currently trading up by 0.10 per cent each, indicating a potential surge in the markets. 

As investors keep a keen eye on the market indices, the sectoral performance reveals some interesting insights. The Nifty Metal sector is seen leading from the front, with a jump of nearly 0.62 per cent, followed closely by Nifty realty and Nifty PSU Bank, which are up by 0.59 per cent and 0.47 per cent, respectively. However, not all sectors are experiencing growth, with Nifty Pharma, Nifty FMCG and Nifty Media trading in red. 

Despite the mixed performance in the different sectors, the broader markets are outperforming the frontline indices, with Nifty Midcap and Smallcap rising by over 0.40 per cent each. This surge in the broader markets indicates a bullish trend, with 1322 stocks trading in green and only 379 stocks trading in red. 

As the markets continue to fluctuate, investors are closely monitoring the performance of individual stocks and sectors to identify profitable investment opportunities. The stock markets are a game of patience, knowledge and strategy, and investors who can decipher the market trends stand to gain significant returns on their investments. It's an exciting time to be a part of the Indian stock markets and investors are eagerly waiting to see how the day unfolds. 

Pre-market update:    

On Friday, Dow Jones Industrial Average traded in small range and close 100.7 points or 0.30 per cent higher to close at 33,987 level in last 2 days consolidation zone. Nasdaq 100 Index closed flat 0.06 per cent higher from Monday's close.  

In global commodities market, Gold and Silver closed weak around 0.44 per cent and 1.05 per cent. 

Brent crude futures dropped more than 1.8 per cent in last trading session.  

On Monday's trading session, FIIs sold Rs 533.20 crore and DIIs bought Rs 269.65 crore in equity segment. 

In Derivative segment as compared to previous session, Clients and DIIs added some longs and covered their shorts in index futures. 

While on flip side, PROs and FIIs added some shorts along with long unwinding. FIIs changed their stance from bullish to neutral after 9 consecutive sessions. Because of this action FIIs index long position came to 36.55 per cent from 39.27 per cent as compared to last session. 

Now SGX Nifty indicates Nifty likely to open flat with negative bias. Technically, the next key levels for the Nifty are 17,600 and 17,800.