Market Wrap: Benchmark indices close on a positive note with Nifty Pharma among the top gainers!

On Thursday, Benchmark indices concluded the trading day a positive note as Sensex gained by 0.08 per cent and made a record high at 80,392.64 level, while Nifty also surged by 0.06 per cent and also made a new all-time high at 24,401 level.

Market Update at 3:40 PM: On Thursday, Benchmark indices concluded the trading day a positive note as Sensex gained by 0.08 per cent and made a record high at 80,392.64 level, while Nifty also surged by 0.06 per cent and also made a new all-time high at 24,401 level. Similarly, the Broader market also experienced gains as Nifty Midcap closed higher by 0.58 per cent making a new record high at 56,711.25 level, while Nifty Smallcap soared by 0.49 per cent and reached its all-time high at 18,827.35 level.

Market volatility, as indicated by India VIX, has declined by 2.65 per cent and is trading below the level of 13 reflecting a slight decrease in market volatility.

Within the sectoral landscape, Nifty Pharma, Nifty IT and Nifty Auto were among the top gainers, while Nifty Media, Nifty FMCG and Nifty Financial Services are the sectors which underperformed.

HCL Technologies, ICICI Bank and Tata Motors were among the top gainers while on the other hand HDFC Bank, Bajaj Finance and Wipro were among the top losers.

About 1299 stocks were advancing as against to 997 that were declining, thus indicating a positive sentiment in the broader market.

Market Update at 2:15 PM: In the current trading session benchmark indices trade on a positive note with the Sensex trading higher by 0.25 per cent, while Nifty gained by 0.23 per cent. Similarly, in the broader indices Nifty Midcap has gained by 0.68 per cent, while Nifty Smallcap has soared by 0.5 per cent.

India VIX has slightly declined by 3.24 per cent and is trading below the level of 13 indicating a slight decrease in market volatility.

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

HCL Technologies, ICICI Bank and Sun Pharma are among the top gainers while HDFC Bank, Bajaj Finance and Wipro are among the top losing stocks from the Nifty 50.

About 1377 stocks are advancing as against 923 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 12:40 PM: In the current trading session benchmark indices have surged with Sensex trading higher by 0.24 per cent while Nifty also gained by 0.23 per cent. Similarly, in the broader indices Nifty Midcap has gained by 0.58 per cent, while Nifty Smallcap has soared by 0.45 per cent.

India VIX is has marginally declined by 1.36 per cent and is trading around the mark of 13 indicating a slight decrease in market volatility.

European stocks are expected to open higher on Thursday, with the U.K.’s general election in focus in the region. European futures DAX, CAC and FTSE trade higher by 0.2 per cent, 0.47 per cent and 0.2 per cent respectively.

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

HCL Technologies, ICICI Bank and Infosys are among the top gainers within the Nifty 50 while, HDFC Bank, Bajaj Finance and Adani Enterprises are among the top losers.

About 1467 stocks are advancing as against to 823 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 11:15 AM: In the ongoing trading session, Benchmark indices are trading on a positive note with Sensex trading higher by 0.24 per cent, while Nifty gained by 0.23 per cent. Similarly in the broader indices Nifty Midcap experience gains of 0.33 per cent, while Nifty Smallcap has surged by 0.23 per cent.

India VIX is has declined by 1.23 per cent and is trading round the mark of 13, indicating a slight decrease in market volatility.

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

Top gainers in individual stocks are HCL Technologies, Infosys and ICICI Bank whereas, HDFC Bank, Adani Enterprises and Indusind Bank are among the top losers in the Nifty 50.

The broader market sentiment is positive, with 1270 stocks advancing compared to 1010 stocks declining.

Market Update at 9:45 AM: On Thursday, Indian markets opened on a positive note, with Nifty and Sensex experiencing significant gains and making new record highs. Similarly, the Broader indices also displayed resilience and reached new highs. Nifty IT emerged as the top gainer, while Nifty Media experienced the largest losses.

The Sensex is trading up by 0.3 per cent making a record high at 80,331.48 mark while the Nifty has also surged by 0.28 per cent and made a new all-time high at 24,372.15 level. Similarly, in the broader, the Nifty Midcap gained by 0.42 per cent and reached its all-time high of 56,546.5 level while the Nifty Smallcap surged by 0.49 per cent and made a record high at 18,811.75 mark.

India VIX has slightly declined by 1.23 per cent and is trading around the mark of 13, indicating marginal decrease in market volatility.

Within the sectoral landscape Nifty IT, Nifty Energy and Nifty Realty were among the top gainers while Nifty Media and Nifty Pharma are the sectors which are underperforming.

NTPC, Tata Motors and ICICI Bank are among the top gainers within the Nifty 50 while HDFC Bank, Cipla and Dr Reddy’s Laboratories are among the top losers.

About 1543 stocks are advancing as against to 662 stocks that are declining, thus indicating a positive sentiment in the broader market.

Pre-Market Update at 8:15 AM: The S&P 500 and the tech-heavy Nasdaq climbed on Wednesday to reach record high closes, as data suggesting a cooling economy fuelled hopes that the Federal Reserve might cut interest rates in September.

The Dow Jones Industrial Average ended slightly lower, weighed down by declines in healthcare and consumer stocks during a shortened trading session before the Fourth of July. The market will be closed on Thursday for U.S. Independence Day, leading to lighter trading volumes for the week.

The US 10-year yield remained steady at 4.35, with the 2-year Treasury yield also flat at 4.70 in early Thursday trading.

The GIFT Nifty indicates a positive start for the Indian Benchmark indices, with a slight gain of 0.04 per cent or 9 points. Nifty futures are currently trading near the 24,365 mark.

Oil prices declined in early Thursday trading following weaker-than-expected U.S. employment and business activity data, signalling a potential economic slowdown in the world’s largest oil consumer.

Brent crude futures dropped 30 cents, or 0.34 per cent, to USD 87.04 a barrel, while U.S. West Texas Intermediate (WTI) crude futures fell 32 cents, or 0.38 per cent, to USD 83.56, with trading volumes subdued due to the U.S. holiday.

On July 03, 2024, foreign institutional investors (FII) bought shares worth Rs 5,483.63 crore, while domestic institutional investors (DII) offloaded shares worth Rs 924.43 crore.

Stocks that are banned for trading in the F&O segment on July 04, 2024, are HINDCOPPER and INDIACEM.