Benchmark indices close on a higher note with Nifty reaching its all-time high level!
Friday's trading session concluded on a positive note as the Sensex surged by 0.74 per cent, and the Nifty achieved a new all-time high of 20,291 before closing higher by 0.67 per cent.
Market Update at 3:40 PM: Friday's trading session concluded on a positive note as the Sensex surged by 0.74 per cent, and the Nifty achieved a new all-time high of 20,291 before closing higher by 0.67 per cent. The broader market echoed this optimism, with Nifty Midcap gaining 1.06 per cent, while Nifty Smallcap registered a 0.44 per cent increase.
Market volatility, gauged by India VIX, exhibited a decline of 2.42 per cent, signalling a reduction in overall market volatility.
Noteworthy gainers in the sectoral landscape included Nifty Media, Nifty PSU Bank, and Nifty FMCG, while Nifty Auto emerged as the sole major sector underperforming.
Top gainers among individual stocks featured ITC, Axis Bank, and NTPC, whereas Hero Motocorp, M&M, and Wipro faced losses, securing positions among the top losers in the Nifty 50.
The broader market sentiment remained positive, with 1127 advancing stocks compared to 894 declining stocks, affirming an encouraging outlook across various segments.
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Market Update at 2:25 PM: In the ongoing trading session, the Sensex is exhibiting a gain of 0.75 per cent, accompanied by a 0.71 per cent rise in the Nifty. The positive trend extends to the broader market, with Nifty Midcap showcasing a significant 1.19 per cent increase, and Nifty Smallcap registering a 0.75 per cent uptick.
India VIX has experienced a marginal decline of 0.77 per cent, signaling a slight reduction in market volatility.
Notable gainers in the market include Nifty Media, Nifty PSU Bank, and Nifty Realty, whereas Nifty IT is the singular major sector currently underperforming.
Leading the rally among individual stocks are NTPC, ITC, and Axis Bank, while Wipro, HDFC Life, and HCL Technologies find themselves among the top losers in the Nifty 50.
The broader market sentiment remains positive, with 1266 advancing stocks compared to 761 declining stocks, affirming an optimistic overall outlook.
Market Update at 12:45 PM: In the present trading session, the Sensex is displaying a gain of 0.79 per cent, while the Nifty is trading higher by 0.73 per cent. The positive momentum extends to the broader market, with Nifty Midcap marking a notable 1.16 per cent increase, and Nifty Smallcap registering a 0.69 per cent uptick.
India VIX has seen a marginal surge of 0.22 per cent, indicating a slight increase in market volatility.
European markets are poised for a strong opening on Friday, fuelled by optimism that the US Federal Reserve might initiate interest rate reductions from the first quarter of the upcoming year. European futures for DAX, CAC, and FTSE are trading higher by 0.30 per cent, 0.34 per cent, and 0.29 per cent, respectively.
Top gainers in the market include Nifty Media, Nifty PSU Bank, and Nifty FMCG, while Nifty IT is currently the sole major sector underperforming.
Leading the charge among individual stocks are NTPC, ITC, and Axis Bank, while Wipro, HDFC Life, and Bajaj Auto are among the top losers in the Nifty 50.
The broader market sentiment remains optimistic, with 1350 advancing stocks compared to 663 declining stocks, indicating a positive overall outlook.
Market Update at 11:20 AM: In the ongoing trading session, the Sensex is showcasing a gain of 0.69 per cent, and the Nifty is trading higher by 0.62 per cent. The positive trend extends to the broader market, with Nifty Midcap registering a 0.98 per cent increase and Nifty Smallcap gaining by 0.82 per cent.
India VIX has seen a marginal uptick of 0.22 per cent, indicating a minor rise in market volatility.
Notable gainers in the market include Nifty Media, Nifty PSU Bank, and Nifty Energy, while Nifty IT and Nifty Pharma are currently among the top-performing sectors.
Leading the way among individual stocks are NTPC, ITC, and Axis Bank, while Wipro, Bajaj Auto, and HDFC Life are facing declines within the Nifty 50.
The broader market sentiment remains positive, with 1429 advancing stocks compared to 590 declining stocks, reflecting an overall optimistic outlook.
Market Update at 9:40 AM: On Friday, the Sensex initiated the trading day with a 0.42 per cent gain, and the Nifty opened higher by 0.43 per cent, reaching its all-time high at Rs 20,238 level. Meanwhile, Nifty Midcap and Nifty Smallcap also opened on a positive note, with gains of 0.8 per cent and 0.73 per cent, respectively.
India VIX experienced a significant drop of 4.22 per cent, signalling reduced market volatility.
Noteworthy performances in the market were observed in Nifty Realty, Nifty Media, and Nifty Energy, while Nifty IT emerged as the sole major sector underperforming.
Top gainers among individual stocks included L&T, NTPC, and Asian Paints, while Wipro, SBI Life, and HCL Technologies faced declines within the Nifty 50.
The broader market sentiment was strongly positive, with 1533 advancing stocks compared to 365 declining stocks, indicating an optimistic outlook in the broader market.
Pre-Market Update at 7:55 AM: The Dow Jones Industrial Average surged on Thursday to achieve a new peak for the year, buoyed by cooling inflation figures. The 30-stock Dow soared by 520 points, representing a 1.47 per cent increase, to settle at 35,950.89, surpassing its previous annual high set in August. The S&P 500 registered a 0.4 per cent uptick, closing at 4,567.80. Nevertheless, the Nasdaq Composite experienced a modest 0.2 per cent decline, reaching 14,226.22, as investors opted to secure profits in leading Big Tech stocks that have spearheaded the November resurgence.
November concluded with the Dow posting an 8.9 per cent gain, breaking a three-month losing streak. The S&P 500 exhibited an 8.9 per cent increase for November, while the Nasdaq recorded a notable 10.7 per cent advancement. Both indices achieved their most robust monthly performance since July 2022 and were trading approximately 1 per cent away from their respective highs for 2023.
The GIFT Nifty signals a slightly positive opening for the benchmark indices, showcasing a gain of 12 points. GIFT Nifty futures reached 20,307 points, marking a peak at 20,336 points.
U.S. crude experienced a decline on Thursday, erasing initial gains, as traders became increasingly skeptical that OPEC+, a coalition comprising OPEC and its oil-producing allies, would fulfill promised output cuts.
The West Texas Intermediate contract for January dropped by USD 1.20, equivalent to a 1.54 per cent decrease, settling at USD 76.66 per barrel, while the Brent contract for January saw a loss of 14 cents, or 0.17 per cent, trading at USD 82.96 per barrel.
On November 30, 2023, foreign institutional investors (FII) bought shares worth Rs 8,147.85 crore, while domestic institutional investors (DII) sold shares worth Rs 780.32 crore.