Benchmark indices trade higher amidst mixed cues from European markets!
European markets are set for a mixed opening on Friday, the final trading day of August, as investors awaited key inflation data from both the region and the U.S.
Market Update at 12:35 PM: In the current trading session benchmark indices have surged with Sensex trading higher by 0.37 per cent while Nifty also gained by 0.38 per cent. Similarly, in the broader indices Nifty Midcap has soared by 0.68 per cent, while Nifty Smallcap has surged by 0.73 per cent.
India VIX has declined by 1.81 per cent and is trading around the mark of 13.5 indicating a slight decrease in market volatility.
European markets are set for a mixed opening on Friday, the final trading day of August, as investors awaited key inflation data from both the region and the U.S. European futures DAX trades lower by 0.11 per cent while CAC and FTSE trade higher by 0.01 per cent and 0.02 per cent respectively.
Within the sectoral landscape Nifty Pharma, Nifty Realty and Nifty Metal are among the Top Gainers while Nifty FMCG is the only major sector which is underperforming.
Bharti Airtel, Divi’s Laboratories and Power Grid Corporation are among the top gainers within the Nifty 50 while, Tata Motors, Reliance and ITC are among the Top Losers.
About 1532 stocks are advancing as against to 798 stocks that are declining, thus indicating a positive sentiment in the broader market.
DSIJ's 'Value Pick' service recommends long-term stocks based on Value Investing Philosophy. If this interests you, do download the service details here.
Market Update at 11:10 AM: In the ongoing trading session, Benchmark indices are trading on a positive note with Sensex trading higher by 0.3 per cent, while Nifty gained by 0.31 per cent. Similarly in the broader indices Nifty Midcap experience gains of 0.73 per cent, while Nifty Smallcap has soared by 0.84 per cent.
India VIX is has slightly declined by 1.80 per cent and is trading around the mark of 13.5, indicating an slight decrease in market volatility.
Within the sectoral landscape, Nifty Realty, Nifty Pharma and Nifty PSU Bank are among the top gainers while Nifty FMCG is the only sector which is underperforming.
Top gainers in individual stocks are Bharti Airtel, Power Grid Corporation and Hero Motocorp while, Tata Motors, Britannia Industries and ITC are among the top losers in the Nifty 50.
The broader market sentiment is positive, with 1549 stocks advancing compared to 761 stocks declining.
Market Update at 9:40 AM: On Friday, Indian markets opened the last trading session of the week on a positive note while, the Broader indices also opened higher. Nifty Realty emerged as the top gainer, while no major sectors underperformed.
The Sensex is trading up by 0.37 per cent making a new all-time high at 82,637.03 level while the Nifty has also gained by 0.36 per cent and made a record high at 25,258.80 level. Similarly, in the broader indices, the Nifty Midcap gained by 0.37 per cent trading above the 59,100 level while the Nifty Smallcap slightly gained by 0.22 per cent and is trading above the 19,200 mark!
India VIX has marginally declined by 0.91 per cent and is trading around the mark of 13.5, indicating a slight decrease in market volatility.
Within the sectoral landscape Nifty Realty, Nifty PSU Bank, Nifty Metal and Nifty Pharma are among the top gainers while no major sectors are currently underperforming.
Hero Motocorp, BPCL and Titan are among the top gainers within the Nifty 50 while Tata Motors, LTIMindtree and Shriram Finance are among the top losers.
About 1444 stocks are advancing as against to 763 stocks that are declining, thus indicating a positive sentiment in the broader market.
Pre-Market Update at 8:00 AM: The Dow Jones Industrial Average reached a record high on Thursday, rising 0.59 per cent to close at 41,335.05 points, driven by strong U.S. economic data.
The Commerce Department reported that the economy grew faster than initially estimated, bolstered by strong consumer spending, easing recession concerns.
Meanwhile, Nvidia shares fell as its forecast met expectations but failed to excite investors.
The S&P 500 remained nearly flat at 5,591.96 points, while the Nasdaq slipped 0.23 per cent to 17,516.43 points.
The GIFT Nifty indicates a positive start for the Indian Benchmark indices, with a slight gain of 0.17 per cent or 42 points. Nifty futures are currently trading near the 25,270.00 mark.
Oil prices remained relatively stable in Asian trading on Friday, as concerns over tighter supplies in Libya and Iraq balanced ongoing fears of a demand slowdown. Despite a rebound earlier in the week due to production halts in Libya and anticipated cuts in Iraqi output, crude prices were still set to close August with losses.
Brent oil futures edged up 0.2 per cent to USD 80.08 a barrel, while West Texas Intermediate crude futures increased 0.1 per cent to USD 75.98 a barrel.
On August 29, 2024, foreign institutional investors (FII) purchased shares worth Rs 3,259.56 crore, while domestic institutional investors (DII) bought shares worth Rs 2,690.85 crore.
No stocks are banned for trading in the F&O segment on August 30, 2024.