Market Wrap: Benchmark indices close on a lower note while Nifty Smallcap outperformed!

In Monday's trading session, the benchmark indices ended the day with modest declines, as Sensex and Nifty closed lower by 0.5 per cent and 0.42 per cent respectively.

Market Update at 3:35 PM: In Monday's trading session, the benchmark indices ended the day with modest declines, as Sensex and Nifty closed lower by 0.5 per cent and 0.42 per cent respectively. However, broader indices showed resilience, with Nifty Midcap and Nifty Smallcap posting gains of 0.07 per cent and 0.68 per cent, respectively.

Market volatility, as measured by India VIX, saw a decrease of 1.37 per cent, indicating a minor reduction in market uncertainty.

Among the sectoral movements, Nifty PSU Bank, Nifty Metal, and Nifty Energy outperformed, while Nifty Financial Services, Nifty IT, and Nifty Media experienced losses.

Turning to individual stocks, Hindalco, Coal India, and Eicher Motors were among the top gainers, whereas SBI Life, Infosys, and Bajaj Finance found themselves among the leading decliners within the Nifty 50.

The broader market sentiment currently reflects a slight negative trend, with 762 stocks advancing compared to 1,276 stocks declining, underscoring a cautious sentiment in the broader market.

Market Update at 2:10 PM: In the current trading session, both the Sensex and Nifty are facing moderate declines of 0.45 per cent and 0.37 per cent, respectively. In contrast, Nifty Midcap is showing marginal gains of 0.15 per cent, and Nifty Smallcap is notably stronger with a rise of 0.56 per cent.

Market volatility, as indicated by India VIX, has decreased by 0.77 per cent, reflecting a minor reduction in market uncertainty.

Among the sectoral movements, Nifty PSU Bank, Nifty Metal, and Nifty Energy are among the top gainers, while Nifty Pharma, Nifty IT, and Nifty Media are facing losses.

Looking at individual stocks, NTPC, Coal India, and Eicher Motors are among the top performers, whereas SBI Life, Apollo Hospitals, and Bajaj Finance find themselves among the leading decliners within the Nifty 50.

The broader market sentiment currently indicates a slight negative trend, with 806 stocks advancing compared to 1,229 stocks declining, signifying a cautious sentiment prevailing in the broader market.

Market Update at 12:40 PM: In the current trading session, the Sensex and Nifty have experienced marginal declines of 0.48 per cent and 0.42 per cent, respectively. Meanwhile, Nifty Midcap has shown a slight uptick of 0.03 per cent, and Nifty Smallcap exhibits strength with a rise of 0.36 per cent.

India VIX has decreased by 0.59 per cent, signalling a minor reduction in market volatility.

As European markets prepare to open for the new trading week, investors are closely watching high-stakes talks between the US and China scheduled in the coming days. European futures reveal a mixed start, with DAX trading higher by 0.22 per cent, while CAC and FTSE are slightly lower by 0.25 per cent and 0.39 per cent, respectively.

Among the sectors, Nifty PSU Bank, Nifty Metal, and Nifty Energy have emerged as the top gainers, while Nifty Pharma, Nifty IT, and Nifty FMCG are among the top losers.

In terms of individual stocks, NTPC, Coal India, and Eicher Motors have registered gains, while SBI Life, Apollo Hospitals, and Bajaj Finance are positioned among the top decliners within the Nifty 50.

The broader market sentiment indicates a slightly negative inclination, with 744 stocks advancing compared to 1,275 stocks declining, reflecting a mildly pessimistic sentiment in the broader market.

Market Update at 11:10 AM: In the current trading session, the Indian benchmark indices, the Sensex and Nifty, have registered declines of 0.59 per cent and 0.52 per cent, respectively. In contrast, Nifty Midcap experienced a marginal dip of 0.21 per cent, while Nifty Smallcap exhibited strength by rising 0.29 per cent.

Market volatility has seen a slight increase, with India VIX surging by 0.24 per cent, indicating a minor uptick in market uncertainty.

Among the sectors, Nifty Metal and Nifty Energy have stood out as the top gainers, while Nifty Financial Services, Nifty IT, and Nifty Bank are among the top losers.

In terms of individual stocks, NTPC, Coal India, and Eicher Motors have recorded gains, whereas SBI Life, Bajaj Finance, and ICICI Bank are positioned among the top decliners within the Nifty 50.

About 740 stocks are advancing as against to 1257 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 9:30 AM: On Monday, the Indian benchmark indices commenced trading on a negative note, with the Sensex and Nifty opening lower by 0.45 per cent and 0.41 per cent, respectively. Similarly, Nifty Midcap and Nifty Smallcap displayed modest declines, opening lower by 0.48 per cent and 0.27 per cent, respectively.

Market volatility witnessed a slight uptick, as India VIX increased by 0.18 per cent, indicating a mild rise in market uncertainty.

Notably, all major sectors showed signs of underperformance, with Nifty Media, Nifty IT, and Nifty Financial Services ranking among the top losers.

Among individual stocks, Eicher Motors, Coal India, and NTPC emerged as the top gainers, while SBI Life, Bajaj Finance, and Infosys found themselves among the leading decliners within the Nifty 50.

The broader market sentiment tilted negative, with 589 stocks advancing in contrast to 1,277 stocks declining, signifying a bearish sentiment in the broader market.

Pre-Market Update at 9:00 AM:  U.S. stock futures experienced a slight decline on Sunday night following Moody's Investors Service's revision of the U.S. credit rating outlook from stable to negative. Dow Jones Industrial Average futures decreased by 0.1 per cent, while futures linked to the S&P 500 and Nasdaq-100 both dropped by 0.2 per cent.

On the auspicious occasion of Diwali, during the Muhurat trading session on Sunday evening, Dalal Street witnessed a surge in buyers, leading to a surge in benchmark indices, albeit with lower trading volume. The BSE Sensex climbed 354.77 points (0.55 per cent) to 65,259.45, and the NSE Nifty 50 rose by 100.20 points (0.52 per cent) to 19,525.55.

Additionally, broader markets outperformed, with the Nifty Smallcap 100 gaining 1.14 per cent, the Nifty Midcap rising 0.61 per cent, and the Nifty 500, increasing by 0.61 per cent.

The GIFT Nifty indicates a marginally positive start for the benchmark indices with a gain of 21 points. GIFT Nifty futures stood at 19,561 points after making a high of 19,575 points.

Oil prices were higher on Friday but are set to fall for a third week as concerns of supply disruptions from the Israel-Hamas conflict have ebbed allowing demand worries to reassert themselves. Brent crude futures for January saw an increase of 73 cents, reaching USD 80.74 per barrel. Meanwhile, the Dollar index in futures experienced a 0.06 per cent decrease, falling to 105.82, while the value of one dollar remained around Rs 83.30.

On November 10, 2023, foreign institutional investors (FII) offloaded shares worth Rs 261.81 crore, while domestic institutional investors (DII) purchased shares worth Rs 822.64 crore.

Stock that is banned for trading in the F&O segment on November 13, 2023, are CHAMBLFERT, DELTACORP, GNFC, MANAPPURAM, MCX and ZEEL.