Market wrap: Benchmark indices and broader indices close on a lower note!

On June 22, foreign institutional investors (FII) offloaded shares amounting to Rs 693.28 crore, whereas domestic institutional investors (DII) bought shares worth Rs 219.42 crore.

Market Update at 3:45 PM: Sensex closes lower by 0.41 per cent while Nifty closes lower by 0.6 per cent.

Nifty Midcap and Nifty Smallcap closes lower by 1.14 per cent and 1.21 per cent respectively.

India VIX has plunged by 2.77 per cent.

Nifty Pharma closes on a positive note while Nifty Metal, Nifty Media and Nifty PSU Bank were among the top losers.

Asian Paints, IndusInd Bank and Dr Reddy’s Laboratories were among the top gainers while Adani Enterprises, Adani Ports and BPCL were among the top losers from the Nifty 50.

Market Update at 2:20 PM: Sensex trades lower by 0.26 per cent while Nifty trades lower by 0.42 per cent.

Nifty Midcap and Nifty Smallcap trade lower by 1.13 per cent and 1.02 per cent respectively.

India VIX has plunged by 1.65 per cent.

Nifty Pharma trades positive while Nifty Metal, Nifty Media and Nifty Energy are among the top losers.

Bharti Airtel, IndusInd Bank and Dr Reddy’s Laboratories are among the top gainers while Adani Enterprises, Adani Ports and BPCL are among the top losers from the Nifty 50.

About 486 stocks are advancing as against to 1435 stocks that are declining. Thus, indicating a negative sentiment in the broader market.

Market Update at 12:10 PM: Sensex trades lower by 0.12 per cent while Nifty trades lower by 0.24 per cent.

Nifty Midcap and Nifty Smallcap trade lower by 0.88 per cent and 0.6 per cent respectively.

India VIX has plunged by 1.12 per cent.

Nifty Bank and Nifty Financial Services trades flat while Nifty Metal, Nifty Media and Nifty PSU Bank are among the top losers.

Bharti Airtel, IndusInd Bank and NTPC are among the top gainers while Adani Enterprises, Adani Ports and Hindalco are among the top losers from the Nifty 50.

About 567 stocks are advancing as against to 1373 stocks that are declining. Thus, indicating a negative sentiment in the broader market.

Market Update at 9:45 AM: Sensex opens lower by 0.39 per cent while Nifty opens lower by 0.5 per cent.

Nifty Midcap and Nifty Smallcap opens substantially lower 1 per cent and 1.34 per cent.

India VIX has surged by 1.47 per cent.

All the sectors are underperforming as of now while Nifty Metal, Nifty Media and Nifty PSU Bank are among the top losers.

Asian paints, NTPC and Dr Reddy’s are among the top gainers while Adani Enterprises, Adani Ports and BPCL area among the top losers from the Nifty 50.

About 256 stocks are advancing as against to 1651 stocks that are declining. Thus, indicating a negative sentiment in the broader market.

Pre-Market update at 8:10 AM: On Thursday, US stock futures showed minimal movement as Wall Street was poised for a week of losses. Slight gains were observed in futures linked to the S&P 500, with a 0.05 per cent increase, and in Nasdaq-100 futures, which saw a gain of approximately 0.1 per cent. Likewise, futures tied to the Dow Jones Industrial Average rose by 29 points.

In futures trading, the Dollar index saw a modest increase of 0.02 per cent, reaching 102.40. Meanwhile, the value of one dollar remained close to Rs 81.93. On Thursday, oil futures experienced a decline of approximately 4 per cent, with Brent futures settling down by 3.9 per cent, reaching $74.14 per barrel.

On June 22, foreign institutional investors (FII) offloaded shares amounting to Rs 693.28 crore, whereas domestic institutional investors (DII) bought shares worth Rs 219.42 crore.

The benchmark indices are expected to open slightly higher today, influenced by the positive start indicated by the SGX Nifty. The SGX Nifty began the session at 18,859 points and showed a gain of 51 points. In early trade on June 23, SGX futures reached a high of 18,923 points.

Stocks that banned for trading in the F&O segment on June 23, 2023, are BHEL, Hindcopper, L&T Finance Holdings, PNB and RBL Bank.