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Indian markets close on a higher note after reaching its all-time high level!
Siddharth Mane
/ Categories: Trending, Mkt Commentary

Indian markets close on a higher note after reaching its all-time high level!

In Monday's trading session, benchmark indices concluded the day positively, with the Sensex closing 2.05 per cent higher and reaching its all-time high of 68,918 level. Similarly, the Nifty closed 2.07 per cent higher after reaching its all-time high of 20,702 level.

Market Update at 3:50 PM: In Monday's trading session, benchmark indices concluded the day positively, with the Sensex closing 2.05 per cent higher and reaching its all-time high of 68,918 level. Similarly, the Nifty closed 2.07 per cent higher after reaching its all-time high of 20,702 level. Broader indices also ended on a positive note, with Nifty Midcap closing 1.24 per cent higher and Nifty Smallcap closing 1.39 per cent higher.

Market volatility, as indicated by India VIX, has surged by 4.93 per cent, reflecting an increase in market volatility.

Notable gainers include Nifty PSU Bank, Nifty Bank, and Nifty Financial Services, while Nifty Pharma and Nifty Media underperformed.

Leading the gainers among individual stocks are Eicher Motors, Adani Enterprises, and Adani Ports, while HDFC Life, Britannia, and Wipro are among the top losing stocks in the Nifty 50.

A broader market perspective reveals that 1370 stocks are advancing, outnumbering the 663 stocks in decline, indicating a positive sentiment.

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Market Update at 02:15 PM: In the ongoing trading session, the Sensex has ascended by 1.79 per cent, while the Nifty is trading higher by 1.82 per cent. Concurrently, Nifty Midcap has gained 1.11 per cent, and Nifty Smallcap is up by 1.2 per cent.

The India VIX has seen a surge of 2.95 per cent, pointing towards a slight increase in market volatility.

Notable gainers include Nifty PSU Bank, Nifty Bank, and Nifty Energy, whereas Nifty Media and Nifty Pharma emerge as the top losing sectors.

Leading the gainers among individual stocks are Adani Enterprises, Eicher Motors, and Adani Ports, while Britannia, Maruti, and HDFC Life are standout among the top losing stocks in the Nifty 50.

A broader market analysis reveals that 1439 stocks are advancing, outnumbering the 603 stocks in decline, indicating an overall positive sentiment.

 

Market Update at 12:50 PM: In the current trading session, the Sensex has registered a 1.48 per cent increase, with the Nifty trading higher by 1.54 per cent. Simultaneously, Nifty Midcap is up by 1.05 per cent, and Nifty Smallcap has recorded a 1.19 per cent gain.

The India VIX has experienced a marginal 2.04 per cent decline, signalling a slight decrease in market volatility.

European markets are heading for a weak opening as European futures DAX trades higher, while FTSE and CAC trades lower by 0.12 per cent and 0.24 per cent respectively.

Leading the gainers are Nifty PSU Bank, Nifty Realty, and Nifty Bank, while Nifty Media and Nifty Pharma stand out as the top losing sectors.

Among individual stocks, Adani Enterprises, Adani Ports, and BPCL are notable gainers, while Britannia, Maruti, and Sun Pharma are prominent among the top losers in the Nifty 50.

A broader market perspective reveals that 1469 stocks are advancing, surpassing the 570 stocks in decline, indicating an overall positive sentiment.

 

Market Update at 11:15 AM: In the ongoing trading session, the Sensex has recorded a 1.42 per cent uptick, while the Nifty is trading higher by 1.48 per cent. Concurrently, Nifty Midcap and Nifty Smallcap are up by 1.11 per cent and 1.29 per cent, respectively.

The India VIX has experienced a marginal 1.15 per cent decline, suggesting a slight decrease in market volatility.

Notable gainers include Nifty PSU Bank, Nifty Realty, and Nifty Energy, whereas Nifty Media and Nifty Pharma stand out as the top losing sectors.

Leading the gainers among individual stocks are Adani Enterprises, Adani Ports, and BPCL, while Maruti, Britannia, and HDFC Life are prominent among the top losers in the Nifty 50.

A broader market analysis reveals that 1538 stocks are advancing, outnumbering the 489 stocks in decline, indicating an overall positive sentiment.

 

Market Update at 9:35 AM: On Monday, the Sensex saw a substantial 1.53 per cent increase at the opening, reaching its record level of 68,587, while the Nifty also started notably higher with a 1.52 per cent rise, hitting its all-time high at 20,602 level. Nifty Midcap and Nifty Smallcap mirrored this trend, opening 0.91 per cent and 1 per cent higher, respectively.

Market volatility, as indicated by the India VIX, has decreased by 3.53 per cent.

Noteworthy gainers include Nifty PSU Bank, Nifty Energy, and Nifty Metal, with Nifty Media being the sole major sector underperforming.

Top gainers in individual stocks include Adani Enterprises, Adani Ports, and ICICI Bank, while Britannia and Maruti are notable losers among the Nifty 50 stocks.

In a broader market perspective, around 1643 stocks are advancing, outnumbering the 280 declining stocks, signalling a positive sentiment prevailing in the market.

 

Pre-Market Update at 8:15 AM: The S&P 500 index reached its highest level of the year on Friday, driven by increasing optimism that the Federal Reserve had concluded its interest rate hikes in the United States and might commence reductions next year amid a cooling inflation scenario.

The index concluded at 4,594.63 points, marking a gain of 26.83 points, or 0.59 per cent, surpassing the previous high for 2023 set on July 31 at 4,588.96. The rebound in U.S. stocks during November, following three consecutive months of declines, was attributed to better-than-expected earnings and indications of subsiding inflation, fostering expectations that the Fed's monetary tightening measures had concluded.

The GIFT Nifty suggests a robust opening for the benchmark indices, with an increase of 287 points, and GIFT Nifty futures are positioned at the 20,640 level.

On December 01, 2023, foreign institutional investors (FII) bought shares worth Rs 1,589.61 crore, while domestic institutional investors (DII) purchased shares worth Rs 1,448.08 crore.

Stock that is banned for trading in the F&O segment on December 04, 2023, is DELTACORP.

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