Market Wrap: Benchmark indices close on a higher note while Nifty Smallcap surged over 1.5 per cent!

On Monday, Benchmark indices concluded the first trading day of the week on a positive note as Sensex surged by 0.56 per cent and closed at 79,476.19 level, while Nifty also gained by 0.55 per cent and closed at 24,141.95 level.

Market Update at 3:40 PM: On Monday, Benchmark indices concluded the first trading day of the week on a positive note as Sensex surged by 0.56 per cent and closed at 79,476.19 level, while Nifty also gained by 0.55 per cent and closed at 24,141.95 level. Similarly, the Broader market experienced positive performance as Nifty Midcap closed substantially higher by 1 per cent, while Nifty Smallcap soared by 1.51 per cent.

Market volatility, as indicated by India VIX, has gained by 0.22 per cent and is trading above the level of 13 reflecting a slight increase in market volatility.

Within the sectoral landscape, Nifty Media, Nifty IT and Nifty Financial Services were among the top gainers, while Nifty PSU Bank, Nifty Energy and Nifty Realty were among the top losers.

Tech Mahindra, Wipro and Bajaj Finance were among the top gainers while on the other hand NTPC, SBI and Eicher Motors were among the top losers.

About 1703 stocks were advancing as against to 618 that were declining, thus indicating a positive sentiment in the broader market.

Market Update at 2:20 PM: In the current trading session benchmark indices trade on a positive note with the Sensex trading higher by 0.59 per cent, while Nifty soared by 0.58 per cent. Similarly, in the broader indices Nifty Midcap has surged by 0.87 per cent, while Nifty Smallcap has soared by 1.37 per cent.

India VIX has slightly gained by 0.31 per cent and is trading around the level of 13 indicating a slight increase in market volatility.

Within the sectoral landscape, Nifty Media, Nifty IT and Nifty Financial Services are among the top gainers while Nifty PSU Bank, Nifty Energy and Nifty Realty are among the major sectors which are underperforming.

Wipro, Tech Mahindra and Ultratech Cement are among the top gainers while NTPC, Dr Reddy’s Laboratories and Apollo Hospitals are among the top losing stocks from the Nifty 50.

About 1714 stocks are advancing as against 605 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 12:45 PM: In the current trading session benchmark indices have surged with Sensex trading higher by 0.4 per cent while Nifty also gained by 0.39 per cent. Similarly, in the broader indices Nifty Midcap has gained by 0.78 per cent, while Nifty Smallcap has surged by 1.29 per cent.

India VIX is has marginally gained by 1.34 per cent and is trading around the mark of 14 indicating a slight increase in market volatility.

European stocks are expected to start the new trading week higher as investors in the region digest the results of the first round of France’s snap Parliamentary Election. European futures DAX, CAC and FTSE trade higher by 0.98 per cent, 2.41 per cent and 0.14 per cent respectively.

Within the sectoral landscape Nifty Media, Nifty IT and Nifty Financial Services are among the top gainers while Nifty PSU Bank, Nifty Energy and Nifty Pharma are among the top losers.

Wipro, Tech Mahindra and LTIMindtree are among the top gainers within the Nifty 50 while, NTPC, Divi’s Laboratories and ONGC are among the top losers.

About 1724 stocks are advancing as against to 584 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 11:10 AM: In the ongoing trading session, Benchmark indices are trading on a positive note with Sensex trading higher by 0.23 per cent, while Nifty gained by 0.28 per cent. Similarly in the broader indices Nifty Midcap experience significant gains of 0.86 per cent, while Nifty Smallcap has soared by 1.2 per cent.

India VIX is has declined by 1.54 per cent and is trading above the mark of 14, indicating a slight increase in market volatility.

Within the sectoral landscape, Nifty Media, Nifty IT, Nifty Metal are among the top gainers while Nifty Energy, Nifty PSU Bank and Nifty Pharma are among the top losers.

Top gainers in individual stocks are Wipro, Tech Mahindra and LTIMindtree whereas, NTPC, Apollo Hospitals and Divi’s Laboratories are among the top losers in the Nifty 50.

The broader market sentiment is positive, with 1738 stocks advancing compared to 558 stocks declining.

Market Update at 9:45 AM: On Monday, Indian markets opened on a positive note, with Nifty and Sensex experiencing moderate gains while Broader indices also displayed resilience. Nifty Media emerged as the top gainer, while Nifty Energy experienced the largest losses.

The Sensex is up by 0.28 per cent and the Nifty has also gained by 0.27 per cent. Similarly, the broader indices followed the trend and showed significant gains, with the Nifty Midcap surging by 0.44 per cent and the Nifty Smallcap gaining by a substantial 0.89 per cent.

India VIX has slightly gained by 2.55 per cent and is trading around the mark of 14, indicating marginal increase in market volatility.

Within the sectoral landscape Nifty Media, Nifty Metal and Nifty IT were among the top gainers while Nifty Energy, Nifty PSU Bank and Nifty Realty were among the top losers.

JSW Steel, Hero Motocorp and Bajaj Auto are among the top gainers within the Nifty 50 while NTPC, Power Grid Corporation and Apollo Hospitals are among the top losers.

About 1646 stocks are advancing as against to 546 stocks that are declining, thus indicating a positive sentiment in the broader market.

Pre-Market Update at 8:25 AM: U.S. indexes dipped on Friday, reversing earlier gains, while Treasury yields rose, and the U.S. dollar declined as investors digested data showing unchanged U.S. monthly inflation for May.

The Dow Jones Industrial Average fell by 45.20 points (0.12 per cent) to 39,118.86, the S&P 500 dropped 22.39 points (0.41 per cent) to 5,460.48, and the Nasdaq Composite decreased by 126.08 points (0.71 per cent) to 17,732.60.

The US 10-year yield fell slightly by 4 basis points to 4.39 per cent, and the 2-year Treasury yield decreased by 17 basis points to 4.74 per cent in early Monday trading.

The GIFT Nifty indicates a negative start for the Indian Benchmark indices, with a slight decline of 0.02 per cent or 6 points. Nifty futures are currently trading near the 24,133 mark.

Oil prices inched higher in early Monday trading, buoyed by forecasts of a supply shortfall due to peak summer fuel demand and OPEC production cuts expected in the third quarter. However, gains were limited by global economic challenges and increasing output from non-OPEC producers.

Brent crude futures rose by 16 cents (0.2 per cent) to USD 85.16 per barrel, while U.S. West Texas Intermediate crude futures increased by 17 cents (0.2 per cent) to USD 81.71 per barrel.

On June 28, 2024, foreign institutional investors (FII) sold shares worth Rs 23.09 crore, while domestic institutional investors (DII) bought shares worth Rs 6,658.31 crore.

Stocks that are banned for trading in the F&O segment on July 01, 2024, are INDIACEM and INDUSTOWER.