Market Update: Nifty Midcap and Smallcap shine amidst flat benchmark indices!

WIPRO, BAJFINANCE, and BAJAJFINSV are among the top gainers within the Nifty 50 while, HDFCLIFE, SBILIFE, and ITC are among the top losers.

Market Update at 12:30 PM: In the current trading session benchmark indices are trading flat with Sensex trading higher by 0.05 per cent while Nifty trading lower by 0.01 per cent. However, in the broader indices Nifty Midcap has gained 0.75 per cent and is trading around 60,000, while Nifty Smallcap gained 0.80 percent and is trading around 19,500.

India VIX has declined by 3.34 per cent and is trading around the mark of 12.73 indicating a decline in market volatility.

European stocks are set to open higher on Friday as investors continue to digest the European Central Bank’s decision to cut rates and its impact on future monetary policy; European futures; DAX (+0.21 per cent); CAC (-0.12 per cent); FTSE (-0.12 per cent).

Within the sectoral landscape Nifty Realty, Nifty Media and Nifty Metal are among the Top Gainers while Nifty FMCG is underperforming.

WIPRO, BAJFINANCE, and BAJAJFINSV are among the top gainers within the Nifty 50 while, HDFCLIFE, SBILIFE, and ITC are among the Top Losers.

About 1,707 stocks are advancing as against to 650 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 11:30 AM: In the ongoing trading session, Benchmark indices are trading on a negative note with Sensex trading lower by 0.08 per cent, while Nifty trading lower by 0.10 per cent. However, in the broader indices Nifty Midcap experience an increase of 0.81 per cent, while Nifty Smallcap has surged by 0.77 per cent.

India VIX is has declined by 3.11 per cent and is trading around the mark of 12.77, indicating a decline in market volatility.

In the sectoral landscape, Nifty Realty, Nifty Media, and Nifty Media emerged as top gainers, while Nifty FMCG is the only sector which is underperforming.

Top gainers in individual stocks are WIPRO, BAJAJFINSV, and BAJFINANCE while, HDFCLIFE, SBILIFE, and ADANIPORTS are among the top losers in the Nifty 50.

The broader market sentiment is positive, with 1,703 stocks advancing compared to 653 stocks declining.

Market Update at 9:30 AM: On Friday, Indian markets opened on a negative note with both Nifty and Sensex registering losses. Nifty Metal led the pack as the top gainer, while Nifty FMCG stood out as a top loser.

The Sensex declined by 0.34 per cent, trading around 82,655, while the Nifty declined by 0.35 per cent, nearing 25,300. However, the broader market moved upward, with the Nifty Midcap rising 0.45 per cent to approximately 59,900, and the Nifty Smallcap increasing 0.68 per cent, trading near 19,487.

India VIX has declined by 2.88 per cent and is trading at 12.80, indicating a decline in market volatility.

Within the sectoral landscape Nifty Metal, Nifty Media, and Nifty Realty are among the top gainers while Nifty FMCG, Nifty IT, and Nifty Fin Service are the sectors which are underperforming.

JSWSTEEL, TATASTEEL, and HINDALCO are among the top gainers within the Nifty 50 while ASIANPAINT, DIVISLAB, and LTIM are among the top losers.

About 1,594 stocks are advancing as against to 613 stocks that are declining, thus indicating a positive sentiment in the broader market.

Pre-Market Update at 8:20 AM: Wall Street's major indexes closed higher on Thursday, driven by inflation data that supported expectations of a 25-basis point rate cut by the Federal Reserve. The PPI rose 0.2 per cent in August, slightly above estimates, while core inflation increased by 0.3 per cent. Unemployment claims matched forecasts at 230,000.

The Dow gained 235 points (0.58 per cent) to close at 41,096.77, the S&P 500 added 41.63 points (0.75 per cent) to reach 5,595.76, and the Nasdaq rose 174.15 points (1 per cent) to end at 17,569.68.

In early Thursday trading, U.S. Treasury yields fell, with the 10-year yield declining by 87 basis points to 3.64 per cent, while the 2-year yield declined by 131 basis points to 3.59 per cent.

GIFT Nifty is showing gains, signaling a positive opening for the day ahead. Nifty futures traded at 25,339.

Oil prices climbed on Friday, continuing a rally driven by production disruptions in the US Gulf of Mexico. Hurricane Francine prompted producers to evacuate platforms ahead of its landfall in Louisiana. Brent crude was trading 0.40 per cent higher at $72.26 per barrel.

On September 12, 2024, foreign institutional investors (FII) bought shares worth Rs 7,695 crore, while domestic institutional investors (DII) sold shares worth Rs 1,800 crore.

Stocks that are banned for trading in the F&O segment on September 13, 2024, are AARTIIND, ABFRL, BALRAMCHIN, BANDHANBNK, CHAMBLFERT, GRANULES, HINDCOPPER, RBLBANK.

Disclaimer: The article is for informational purposes only and not investment advice.