Sensex and Nifty dip slightly amid mixed market sentiment

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.

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.