Benchmark indices close on a higher note, while Nifty Midcap outperformed!

On Wednesday’s trading session Benchmark indices concluded the day on a higher note with Sensex closing marginally higher by 0.05 per cent at 69,584.60 level, while Nifty surged by 0.1 per cent closing at 20,926.35.

Market Update at 3:40 PM: On Wednesday’s trading session Benchmark indices concluded the day on a higher note with Sensex closing marginally higher by 0.05 per cent at 69,584.60 level, while Nifty surged by 0.1 per cent closing at 20,926.35. Similarly, Broader indices closed on a higher note with Nifty Midcap surging by 0.88 per cent, while Nifty Smallcap soared by 0.87 per cent.

Market volatility, as indicated by India VIX, has marginally declined by 4.88 per cent, reflecting a decline in market volatility.

Nifty Realty, Nifty Pharma and Nifty Auto were among the top gainers while, Nifty IT, Nifty Bank and Nifty Financial Services were among the top losers.

NTPC, Hero Motocorp and Power Grid were among the top gainers while TCS, Infosys and Axis Bank were among the top losing stocks from the Nifty 50.

About 1153 stocks were advancing as against to 885 stocks that were declining, thus indicating an optimistic sentiment in the broader market.

Market Update at 2:40 PM: In the current trading session the has Sensex plunged by 0.23 per cent, while Nifty has marginally declined by 0.19 per cent. Whereas Nifty Midcap trades higher by 0.47 per cent, while Nifty Smallcap surges significantly by 0.8 per cent.

India VIX has declined by 4.37 per cent, indicating a decrease in market volatility.

European markets are headed for a mixed open on Wednesday as investors await the US Federal Reserve’s last Monetary Policy decision of the year. European futures DAX and FTSE trades marginally lower by 0.03 per cent and 0.02 per cent respectively, while CAC traded higher by 0.02 per cent.

Nifty Pharma, Nifty Auto and Nifty Realty are among the top gainers while, Nifty IT, Nifty Financial Services and Nifty Bank are among the top losers.

NTPC, Hero Motocorp and Power Grid are among the top gainers while TCS, Infosys and Ultratech Cement are among the top losing stocks from the Nifty 50.

About 1136 stocks are advancing as against to 902 stocks that are declining, thus indicating a slight optimistic sentiment in the broader market.

Market Update at 11:15 AM: In the current ongoing session the Sensex plunged by 0.37 per cent, while Nifty dipped by 0.36 per cent. Whereas, Nifty Midcap trades marginally higher by 0.15 per cent, while Nifty Smallcap surges by 0.46 per cent.

India VIX has declined by 2.69 per cent, indicating a decrease in market volatility.

Nifty Media, Nifty Pharma and Nifty FMCG are among the top gainers while, Nifty IT, Nifty Metal and Nifty Financial Services are among the top losers.

NTPC, Hero Motocorp and Power Grid are among the top gainers while Infosys, HDFC Life and TCS are among the top losing stocks from the Nifty 50.

About 1025 stocks are advancing as against to 982 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 9:35 AM: On Wednesday, the Sensex opened marginally lower by 0.11 per cent, while Nifty also opened marginally lower by 0.1 per cent. Similarly, Nifty Midcap also opened on a positive note surging by 0.15 per cent, while Nifty Smallcap opened moderately higher by 0.32 per cent.

India VIX has marginally declined by 0.36 per cent, indicating a slight decrease in market volatility.

Nifty Media, Nifty Realty and Nifty Auto are among the top gaining sectors while Nifty IT, Nifty Bank and Nifty Financial Services are among the top losing sectors.

NTPC, Ultratech Cement and Eicher Motors are among the top gainers while Axis Bank, TCS and Infosys are among the top losing stocks from the Nifty 50.

About 1119 stocks are advancing as against to 780 stocks that are declining, thus indicating a positive sentiment in the broader market.

Pre-Market Update at 8:15 AM: On Tuesday, U.S. stocks achieved new highs for the year, with inflation data having minimal impact on expectations regarding the Federal Reserve's timing for a potential rate cut. Investors eagerly awaited the central bank's final policy decision of the year, scheduled for Wednesday.

The Dow Jones Industrial Average increased by 173.01 points, or 0.48 per cent, reaching 36,577.94. The S&P 500 saw a gain of 21.26 points, or 0.46 per cent, closing at 4,643.70, while the Nasdaq Composite rose by 100.91 points, or 0.70 per cent, ending the day at 14,533.40.

The GIFT Nifty trends suggest a favourable opening for the benchmark indices in India, reflecting a gain of 52 points or 0.25 per cent. Nifty futures are currently trading around the 21,077 level.

On Tuesday, oil prices experienced a decline of over 3 per cent, reaching their lowest point in six months due to worries about oversupply and unexpected growth in consumer prices, as indicated by US economic data.

Brent crude futures for February settled down by USD 2.79, marking a 3.7 per cent decrease to USD 73.24 per barrel. Simultaneously, US West Texas Intermediate crude futures for January slipped by USD 2.71, reflecting a 3.8 per cent decline to USD 68.61 per barrel.

The dollar index, which assesses the dollar against the euro, yen, and four other currencies, remained stable at 103.82 after a 0.31 per cent decline in the previous session.

On December 12, 2023, foreign institutional investors (FII) bought shares worth Rs 76.86 crore, while domestic institutional investors (DII) purchased shares worth Rs 1,923.32 crore.

Stocks that are banned for trading in the F&O segment on December 13, 2023, are BALRAMCHIN, DELTACORP, HINDCOPPER, IBULHSGFIN, INDIACEM, NATIONALUM, SAIL and ZEEL.