Market mood sours: Tuesday deals close on a dampened note
Sensex and Nifty posting gains of 0.32 per cent and 0.37 per cent, respectively.
Market Update on 3:40 PM: In Tuesdays's market session, benchmark indices closed on a dampen note, with the Sensex and Nifty posting gains of 0.32 per cent and 0.37 per cent, respectively. The broader indices, including Nifty Mid-cap ended the session with increases of 0.40 per cent and Nifty Small-cap plunged 0.01 per cent, respectively.
Notably, India VIX has surged by 3per cent, indicating an uptick in market volatility.
Top-performing sectors included Nifty Realty, Nifty Media, and Nifty Consumer Durables, while Nifty Auto, Nifty Pharma, and Nifty Oil & Gas experienced losses.
The broader market sentiment appeared positive, with 1902 stocks advancing compared to 1738 stocks declining.
Market Update at 12:35 PM: In the current market session, the both Sensex and Nifty are currently experiencing a decline, with Sensex down by 0.20 per cent and Nifty down by 0.24 per cent, respectively. While the Nifty Mid-cap and Nifty Small-cap segments are displaying notable strength with increases of 0.40 per cent and 0.42 per cent, respectively.
Market volatility, as measured by the India VIX, has experienced a significant increase of 3.90 per cent, signalling a decline in market turbulence.
Several sectors are showing strength, with Nifty reality, Nifty FMCG, and Nifty PSU Bank leading the way among the top-performing sectors. Nifty oil & gas, Nifty Pharma, Nifty healthcare were some of the sectors in declining zone.
Overall market sentiment remains positive, with approximately 1919 stocks advancing compared to 1568 stocks in decline, highlighting an optimistic mood in the broader market.
Market Update at 10:20 AM:After opening on a buoyant note, the benchmark indices have slipped from the day's high point, and currently, Nifty is trading around the 19,100 level, with Sensex having fallen below the 64,000 mark. However, buying activity is observed in the broader market indices, with Nifty Mid-cap and Small-cap outperforming the frontline indices. Among the sectoral indices, Nifty PSU Bank and Realty were the top gainers, registering gains of over 1 percent.
Market Update at 9:40 AM: In the latest market session, the Sensex and Nifty began the day on a positive note, registering gains of 0.11 per cent and 0.10 per cent, respectively. Moreover, the Nifty Midcap segment opened with a 0.61 per cent increase, while the Nifty Small-cap category exhibited substantial growth with a remarkable 0.73 per cent rise.
Market volatility, as measured by the India VIX, saw a marginal increase of 1.5 per cent, contributing to an overall calmer trading environment.
Various sectors displayed notable strength, with Nifty Reality, Nifty PSU Bank, Nifty PSE, and Nifty CPSE the way among the top performers.
Within the Nifty 50 index, impressive gains were noted in stocks such as Pidilite Industries, Indus Towers, and HDFC Asset Management Company Limited, while Siemens Limited, Marico, and ONGC were among the leading decliners.
Overall market sentiment appeared positive, with approximately 2092 stocks advancing, outnumbering the 688 stocks in decline, reflecting a favourable mood in the broader market.
Pre-Market Update at 8:25 AM: Gifty Nifty showed minimal changes following a strong start to the week, characterized by a significant market rebound. The S&P 500 concluded the day, no longer in correction territory, as traders geared up for a significant week that included a Federal Reserve rate decision, a key jobs report, and Apple's earnings.
The Dow Jones Industrial Average delivered an impressive performance, surging by 511.37 points or 1.58 per cent to reach 32,928.96. Notably, this marked the 30-stock index's most robust day since June 2.
The S&P 500 also exhibited remarkable growth, with a 1.2 per cent jump to reach 4,166.82. This performance marked its most outstanding day since late August. Simultaneously, the Nasdaq Composite displayed a significant increase of 1.16 per cent to close at 12,789.48.
Among the S&P 500 sectors, communication services stood out as the top performer, achieving a gain of over 2 per cent in its most exceptional day since late August. This surge was largely attributed to the notable performance of mega-cap tech stocks, with Amazon and Meta Platforms recording substantial increases of 3.9 per cent and 2 per cent, respectively. These market dynamics highlight the resilience and strong upward momentum in the stock market.
On October 31, foreign institutional investors (FII) sold shares worth Rs -1,761.86 crore, while domestic institutional investors (DII) bought shares worth Rs 1,328.47 crore.