Benchmark indices open on a positive note with Nifty Media among the top gainers!
Sensex is up by 0.20 per cent trading around 81,722while the Nifty is also up by 0.23 per cent and is trading around 24,993.
Market Update at 9:40 AM: On Tuesday, Indian markets opened on a positive note, with Nifty and Sensex experiencing gains while, the Broader indices also displayed positive performance. Nifty Media emerged as the top gainer, while Nifty Fin Service emerged as the top loser.
The Sensex is up by 0.20 per cent trading around 81,722while the Nifty is also up by 0.23 per cent and is trading around 24,993. Whereas, in the broader, the Nifty Midcap surged by 1.17 per cent trading at 59,000 while the Nifty Smallcap surged by 1.01 per cent trading at 19,290.
India VIX has declined by 2.46 per cent and is trading at 13.89, indicating a decline in market volatility.
Within the sectoral landscape Nifty Media, Nifty MID SELECT, and Nifty Pharma is among the Top Gainers while only Nifty Fin Service is the sector which is underperforming.
DIVISLAB, HEROMOTOCO, and BHARTIARTL are among the top gainers within the Nifty 50 while SBILIFE, HDFCLIFE, BAJAJFINSV are among the Top Losers.
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About 1,957 stocks are advancing as against to 274 stocks that are declining, thus indicating a negative sentiment in the broader market.
Pre-Market Update at 8:15 AM: Wall Street’s three major indexes rose over 1 per cent on Monday as investors sought bargains following last week’s sell-off, while anticipating upcoming inflation reports and the Federal Reserve’s policy decision next week.
The Dow Jones Industrial Average climbed 484.18 points, or 1.20 per cent, to close at 40,829.59. Meanwhile, the S&P 500 added 62.63 points, or 1.16 per cent, reaching 5,471.05, and the Nasdaq Composite advanced by 193.77 points, or 1.16 per cent, ending at 16,884.60.
In early Tuesday trading, the U.S. 10-year Treasury yield increased by 30 basis points to 3.71 per cent, while the 2-year bond yield rose 28 basis points to 3.67 per cent.
The GIFT Nifty is trading higher, indicating a positive start for the day. Nifty futures were trading at 24,993.
Oil prices remained stable in early Tuesday trading as investors balanced the impact of supply disruptions caused by Tropical Storm Francine and the possibility of further production cuts against ongoing weak demand from China.
Brent crude futures increased by 16 cents, or 0.22 per cent, reaching $72.00 per barrel, while U.S. West Texas Intermediate crude futures edged up by 12 cents, or 0.17 per cent, to settle at $68.83 per barrel.
On September 06, 2024, foreign institutional investors (FII) bought shares worth Rs 1,176 crore, while domestic institutional investors (DII) bought shares worth Rs 1,757 crore.
Stocks that are banned for trading in the F&O segment on September 09, 2024, are ABFRL, BALRAMCHIN, BANDHANBNK, BIOCON, CHAMBLFERT, HINDCOPPER, and RBLBANK
Disclaimer: The article is for informational purposes only and not investment advice.