Sensex and Nifty dip while midcap and smallcap shine
Sensex down by 0.30 per cent and the Nifty down by 0.30 per cent.
Market Update at 12:55 AM: During the ongoing trading session, benchmark indices are showing a negative trend, with the Sensex down by 0.30 per cent and the Nifty down by 0.30 per cent. However, in the broader market, the Nifty Midcap rose by 0.27 per cent, while the Nifty Smallcap rising by 0.70 per cent.
India VIX rose by 1.31 per cent and is trading around the mark of 15.51, indicating a rise in market volatility.
In the sectoral landscape Nifty Media, Nifty Realty and Nifty FMCG emerged as Top Gainers, Nifty Auto, Nifty Pharma and Nifty Energy sectors are underperforming.
Top gainers in individual stocks are BRITANNIA, BEL, and INFY while, ADANIENT, ADANIPORTS and BAJAJ-AUTO is among the Top Losers in the Nifty 50.
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The broader market sentiment is positive, with 1,395 stocks advancing compared to 964 stocks declining.
Market Update at 9:45 AM: On Tuesday, markets opened on a positive note, with both Nifty and Sensex showing positive movement. The Nifty Realty index led the gains, while the Nifty Pharma index lagged behind.
As of now, the Sensex is up by 0.10 per cent, hovering around 80,190, and Nifty is up by 0.12 per cent, trading near 24,250. Similarly, in the broader market, the Nifty Midcap rose about 0.47 per cent to about 56,165, and the Nifty Smallcap is up by 0.53 per cent, trading near 18,210.
India VIX up by 1.70 per cent and is trading at 15.56, indicating a rise in market volatility.
Within the sectoral landscape Nifty Realty, Nifty IT, and Nifty Metal sector is among the Top Gainers while Nifty Pharma, Nifty Energy and Nifty Auto sector are underperforming.
INFY, BEL, and SHRIRAMFIN are among the top gainers within the Nifty 50 while ADANIENT, ADANIPORTS, and ULTRACEMCO are among the Top Losers.
About 1,597 stocks are advancing as against to 637 stocks that are declining, thus indicating a positive sentiment in the broader market.
Pre-Market Update at 7:15 AM: US indices ended Monday's session on a positive note as investors placed their bets on Trump's nominee for Treasury Secretary. The Dow Jones Industrial Average, comprising 30 stocks, climbed 440 points or 0.99 per cent, closing at a record-high of 44,736.57.
The S&P 500 advanced 0.3 per cent to settle at 5,987, also reaching a new lifetime peak. Meanwhile, the tech-focused Nasdaq Composite edged up by 0.27 per cent, wrapping up the day at 19,054.84, another all-time high.
The GIFT Nifty is trading lower, indicating a weak start for the day. Nifty futures were trading at 24,301.00.
The U.S. 10-year Treasury yield stands at 4.283 per cent, while the 2-year bond yield at 4.269 per cent.
Brent crude fell 2.9 per cent to $73 per barrel, and WTI dropped 3.2 per cent to $68.90 per barrel on Monday, amid reports of a potential Israel-Hezbollah ceasefire. Doubts linger due to past failures. Traders also eyed rising Ukraine-Russia tensions and Iran’s nuclear fuel expansion plans. OPEC+ may extend production cuts from January, with a meeting set for December 1.
On November 25 2024, foreign institutional investors (FII) bought shares worth Rs 9,947 crore, while domestic institutional investors (DII) sold shares worth Rs 6,907 crore.
Stocks that are banned for trading in the F&O segment on November 26, 2024, are AARTIIND, GNFC, GRANULES.
Disclaimer: The article is for informational purposes only and not investment advice.