Market Wrap: Benchmark indices close higher while Nifty Smallcap Outperforms!

In Wednesday's trading session, both Sensex and Nifty concluded on a positive note, recording gains of 1.14 per cent and 1.19 per cent respectively.

Market Update at 3:40 PM: In Wednesday's trading session, both Sensex and Nifty concluded on a positive note, recording gains of 1.14 per cent and 1.19 per cent respectively. The broader market mirrored this positivity, with Nifty Midcap and Nifty Smallcap surging by 0.96 per cent and 1.32 per cent, respectively.

Market volatility, gauged by India VIX, saw a marginal downtick of 0.18 per cent, indicating a minor decrease in market volatility.

On Wednesday, all the major sectors traded positively with Nifty Realty, Nifty IT, and Nifty Auto emerging as top gainers,

In terms of individual stocks, Eicher Motors, BPCL and Coal India emerged as top performers, while Bajaj Finance, Adani Enterprises, and SBI Life faced declines within the Nifty 50.

The broader market sentiment suggests a slight optimistic trend, with 1293 advancing stocks compared to 736 declining stocks, signalling an overall positive sentiment in the broader market.

Market Update at 2:15 PM: In the ongoing trading session, the Sensex and Nifty are on an impressive upward trajectory, recording gains of 1.04 per cent and 1.1 per cent, respectively. Similarly, Nifty Midcap is exhibiting a notable increase of 0.88 per cent, while Nifty Smallcap is surging ahead by a substantial 1.32 per cent.

India VIX has witnessed a noteworthy surge of 0.65 per cent, signalling a slight uptick in market volatility. Across the board, all major sectors are trading positively, with Nifty Realty, Nifty Auto, and Nifty IT emerging as the top gainers.

Eicher Motors, Tech Mahindra, and Hindalco are among the top gainers among individual stocks, contributing to the overall positive sentiment. On the flip side, Power Grid and Indusind Bank find themselves among the top losing stocks within the Nifty 50.

The broader market sentiment remains robustly positive, with 1395 advancing stocks compared to 622 declining stocks, underscoring a strong positive sentiment prevailing across the broader market.

Market Update at 12:35 PM: In the ongoing trading session, the Sensex and Nifty are maintaining strong gains of 0.92 per cent and 0.98 per cent, respectively. Concurrently, Nifty Midcap is showcasing an 0.84 per cent increase, while Nifty Smallcap is surging ahead by an impressive 1.3 per cent.

India VIX has witnessed a modest surge of 0.34 per cent, signalling a slight uptick in market volatility.

Meanwhile, European markets are gearing up for a mixed opening on Wednesday as global markets digest data from the US and China. European futures, including DAX, FTSE, and CAC, are trading higher by 0.17 per cent, 0.14 per cent, and 0.23 per cent, respectively.

All major sectors are exhibiting positive trends, with Nifty Realty, Nifty Metal, and Nifty IT emerging as the top gainers in the current session. Notable gainers among individual stocks include Hindalco, Tech Mahindra, and Eicher Motors, contributing to the overall positive sentiment. On the flip side, Power Grid, Indusind Bank, and Sun Pharma find themselves among the top losers within the Nifty 50.

The broader market sentiment remains strongly positive, with 1420 advancing stocks compared to 592 declining stocks, emphasizing a robust positive sentiment prevailing across the broader market.

Market Update at 11:10 AM: In the ongoing trading session, the Sensex and Nifty are marking substantial gains of 0.92 per cent and 0.96 per cent, respectively. Similarly, Nifty Midcap is on an upward trajectory, reflecting a rise of 0.92 per cent, while Nifty Smallcap is surging higher by 1.28 per cent.

India VIX has seen a moderate uptick of 0.34 per cent, signalling a slight increase in market volatility.

Currently all major sectors are exhibiting positive trends, with Nifty Realty, Nifty Metal, and Nifty IT emerging as the top gainers.

Leading the pack in individual stocks are Hindalco, Tech Mahindra, and ONGC, contributing to the positive sentiment. On the downside, Power Grid, Britannia, and Sun Pharma find themselves among the top losers within the Nifty 50.

The broader market sentiment remains notably positive, with 1462 advancing stocks compared to 551 declining stocks, emphasizing a strong positive sentiment prevailing across the broader market.

Market Update at 9:30 AM: On Wednesday's trading session, the Sensex and Nifty witnessed a robust start with gains of 0.89 per cent and 0.93 per cent, respectively. Concurrently, Nifty Midcap showed a rise of 0.74 per cent, while Nifty Smallcap experienced a slight dip of 1.07 per cent.

India VIX has seen a notable increase of 0.80 per cent, signaling a modest uptick in market volatility.

Notably, all major sectors are displaying positive trends, with Nifty Realty, Nifty Metal, and Nifty IT leading the gainers.

Key performers in individual stocks include Hindalco, LTI Mindtree, and Tech Mahindra, contributing to the positive momentum. On the flip side, Britannia, Power Grid, and Sun Pharma find themselves among the top losers within the Nifty 50.

The broader market sentiment is distinctly positive, with 1543 stocks advancing against 358 declining stocks, highlighting an optimistic outlook across the broader market.

Pre-Market Update at 7:55 AM:  U.S. stock futures inched higher on Tuesday night. S&P 500 futures increased by 0.1 per cent, Dow Jones Industrial Average futures rose by nearly 0.1 per cent, and Nasdaq 100 futures advanced by 0.1 per cent. In the regular session, the S&P 500 gained 1.9 per cent, and the Nasdaq Composite surged about 2.4 per cent, marking the best day for both indexes since April. The 30-stock Dow added 1.4 per cent. These gains followed lower-than-expected consumer price index data for October, a key inflation measure.

The GIFT Nifty suggests a slightly bearish commencement for the benchmark indices, reflecting a decline of 15 points. GIFT Nifty futures reached 19,731 points after reaching a peak of 19,760 points.

Oil prices strengthened on Tuesday following the International Energy Agency's upward revision of demand growth forecasts. This positive sentiment was reinforced by the previous day's guidance from OPEC, and U.S. data indicating a slowdown in inflation in the world's largest economy. Brent crude contracts for January increased by USD 1.06, or 1.28 per cent, reaching USD 83.58 a barrel.

The Dollar index in futures experienced a 1.39 per cent decline, reaching 104.17, while the value of one dollar remained around Rs 82.96.

On November 13, 2023, foreign institutional investors (FII) offloaded shares worth Rs 1,244.44 crore, while domestic institutional investors (DII) purchased shares worth Rs 830.40 crore.

Stock that is banned for trading in the F&O segment on November 15, 2023, are CHAMBLFERT, DELTACORP, HINDCOPPER, IBULHSGFIN, MANAPPURAM, SAIL and ZEEL.