Benchmark indices close on a positive note, while Nifty Smallcap outperforms!

On Monday’s trading session Benchmark indices concluded the day on a positive note with Sensex closing higher by 0.15 per cent after reaching a new all-time high of 70,057.83, while Nifty closed higher by 0.13 per cent after making a record high of 21,026.10.

Market Update at 3:40 PM: On Monday’s trading session Benchmark indices concluded the day on a positive note with Sensex closing higher by 0.15 per cent after reaching a new all-time high of 70,057.83, while Nifty closed higher by 0.13 per cent after making a record high of 21,026.10. Similarly, Broader indices closed on a higher note with Nifty Midcap closing higher by 0.74 per cent and Nifty Smallcap surging by 0.84 per cent.

Market volatility, as indicated by India VIX, has marginally surged by 2.33 per cent, reflecting a slight increase in market volatility.

Nifty PSU Bank, Nifty Media and Nifty Metal were among the top gainers while, Nifty Financial Services traded flat and Nifty Pharma was among the only major sector which underperformed.

UPL, Ultratech Cement and Adani Enterprises were among the top gainers while Dr Reddy’s Laboratories, Cipla and Axis Bank were among the top losing stocks from the Nifty 50.

About 1257 stocks were advancing as against to 794 stocks that were declining, thus indicating a positive sentiment in the broader market.

Market Update at 2:10 PM: In the current trading session the Sensex and Nifty are trading higher by 0.13 per cent and 0.11 per cent respectively, while Nifty Midcap has surged by 0.59 per cent and Nifty Smallcap is trading significantly higher by 0.74 per cent.

India VIX has surged by 3.05per cent, indicating an increase in market volatility.

Nifty PSU Bank, Nifty Media and Nifty Metal are among the top gainers while, Nifty Pharma is the only major sector which is currently underperforming.

UPL, ONGC and Ultratech Cement are among the top gainers while Dr Reddy’s Laboratories, Cipla and BPCL are among the top losing stocks from the Nifty 50.

About 1260 stocks are advancing as against to 775 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 12:40 PM: In the ongoing trading session the Sensex and Nifty are trading on a flat note. Nifty Midcap trades higher by 0.41 per cent, while Nifty Smallcap has significantly surged by 0.75 per cent.

India VIX has surged by 3.25per cent, indicating an increase in market volatility.

European markets are heading for a positive open on Monday as European futures DAX, CAC and FTSE trade higher by 0.09 per cent, 0.13 per cent and 0.34 per cent.

Nifty PSU Bank, Nifty Metal and Nifty Realty are among the top gainers while, Nifty Pharma is the only major sector which is currently underperforming.

Adani Enterprises, UPL and ONGC are among the top gainers while Dr Reddy’s Laboratories, Cipla and Axis Bank are among the top losing stocks from the Nifty 50.

About 1274 stocks are advancing as against to 764 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 11:15 AM: In the current trading session the Sensex surged by 0.19 per cent and traded at its all-time high level of 70,057.83, while Nifty soared by 0.17 per cent and made an all-time high of 21,026.10. Similarly, Nifty Midcap trades higher by 0.51 per cent, while Nifty Smallcap surges by 0.78 per cent.

India VIX has marginally surged by 3.31 per cent, indicating an increase in market volatility.

Nifty PSU Bank, Nifty Energy and Nifty FMCG are among the top gainers while, Nifty Pharma is the only major sector which is currently underperforming.

Adani Enterprises, ONGC and Adani Ports are among the top gainers while Dr Reddy’s Laboratories, Cipla and Apollo Hospitals are among the top losing stocks from the Nifty 50.

About 1329 stocks are advancing as against to 729 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 9:20 AM: On Monday, the benchmark indices initiated the trading session on a positive note with the Sensex opening higher by 0.16 per cent, and Nifty opening marginally higher by 0.08 per cent. Similarly, Nifty Midcap also opened on a positive note surging by 0.17 per cent, while Nifty Smallcap opened substantially higher by 0.58 per cent.

India VIX has surged by 4.39 per cent, indicating an increase in market volatility.

Nifty PSU Bank, Nifty Media and Nifty Realty are among the top gaining sectors while Nifty Pharma and Nifty Auto are among the top losing sectors.

ONGC, Coal India and Adani Enterprises are among the top gainers while Dr Reddy’s Laboratories, Asian Paints and Cipla are among the top losing stocks from the Nifty 50.

About 1456 stocks are advancing as against to 435 stocks that are declining, thus indicating a positive sentiment in the broader market.

Pre-Market Update at 8:00 AM: On Sunday night, US stock futures experienced a modest uptick as investors anticipated the last Federal Reserve meeting of 2023, eagerly awaiting signals regarding the potential commencement of interest rate cuts by central bankers.

Futures linked to the Dow Jones Industrial Average saw an increase of 22 points, equivalent to 0.06 per cent. Meanwhile, S&P futures and Nasdaq 100 futures made slight gains, each advancing by less than 0.1 per cent. The prevailing expectation is for the ongoing surge in equities witnessed this year to persist, as investors grow more optimistic about continued gains, particularly noting recent diversification trends within the market rally.

The GIFT Nifty suggests a slightly positive opening for the benchmark indices, showing a 15-point increase. GIFT Nifty futures reached 21,080 points, having reached a peak of 21,090 points.

Despite a Friday rally, oil prices marked their seventh consecutive week of losses, influenced by concerns over record production and demand. The West Texas Intermediate contract for January climbed USD 1.89, or 2.73 per cent, reaching a settlement of USD 71.23 per barrel. Simultaneously, the Brent crude contract for February saw an increase of USD 1.79, or 2.42 per cent, settling at USD 75.84 per barrel.

Despite the rebound on Friday, both US crude and the global benchmark experienced an overall 4 per cent decline for the week. This marks the first time in five years that WTI has recorded a seven-week losing streak. Additionally, The Dollar index saw a 0.43 per cent increase in futures, reaching 103.98, while the value of a single dollar remained around Rs 83.43.

On December 08, 2023, foreign institutional investors (FII) bought shares worth Rs 3,632.30 crore, while domestic institutional investors (DII) sold shares worth Rs 434.02 crore.

Stocks that are banned for trading in the F&O segment on December 11, 2023, are BALRAMCHIN, DELTACORP, HINDCOPPER, IBULHSGFIN, NATIONALUM, SAIL and ZEEL.