Market Wrap: Benchmark indices close higher with Nifty Realty among the top gainers!

On Thursday, the benchmark indices concluded the trading session on a positive note, with the Sensex and Nifty registering gains of 0.77 per cent and 0.76 per cent, respectively.

Market Update on 3:40 PM: On Thursday, the benchmark indices concluded the trading session on a positive note, with the Sensex and Nifty registering gains of 0.77 per cent and 0.76 per cent, respectively. Simultaneously, the broader indices, including the Nifty Midcap and Nifty Smallcap, also closed with substantial increases of 1.39 per cent and 1.34 per cent, respectively.

In a noteworthy development, the India VIX exhibited a significant drop of 8.07 per cent, indicating reduced market volatility.

The top-performing sectors for the day encompassed Nifty Realty, Nifty PSU Bank, and Nifty Metal, with no major sectors underperforming.

Among individual stocks, Britannia, IndusInd Bank, and Hindalco stood out as top gainers, while Hero Motocorp, Tech Mahindra, and Bajaj Auto faced declines within the Nifty 50.

The broader market sentiment remained optimistic, as approximately 1,438 stocks advanced in contrast to 589 stocks that declined, highlighting a favourable outlook in the broader market.

Market Update at 2:10 PM: In the latest market developments, both the Sensex and Nifty are on an upward trajectory, with gains of 0.68 per cent and 0.72 per cent, respectively. Additionally, the Nifty Midcap and Nifty Smallcap segments are showing robust performance, trading notably higher with gains of 1.26 per cent and 0.94 per cent, respectively.

Market volatility is on the wane, as the India VIX has plummeted by 7.08 per cent, indicating a decrease in market turbulence.

Prominent sectors experiencing gains include Nifty PSU Bank, Nifty Realty, and Nifty Metal, with no major underperforming sectors currently.

On the individual stock front, Sun Pharma, BPCL, and Hindalco are among the top gainers, while SBI Life, Asian Paints, and Coal India are leading the decliners within the Nifty 50.

The broader market sentiment remains positive, as approximately 1,488 stocks are advancing compared to 524 stocks in decline, underscoring an overall optimistic outlook in the broader market.

Market Update at 12:40 PM: In the latest market developments, the Sensex and Nifty are displaying resilience, with gains of 0.46 per cent and 0.49 per cent, respectively. Notably, the Nifty Midcap and Nifty Smallcap segments are exhibiting even more robust performance, trading significantly higher with increases of 1.09 per cent and 0.96 per cent, respectively.

Market volatility appears to be on the decline, as the India VIX has plunged by 5.56 per cent, signalling reduced market turbulence.

European markets are headed for a positive opening, with European futures DAX, FTSE, and CAC trading higher by 0.68 per cent, 0.3 per cent, and 0.72 per cent, respectively.

Among the sectors, Nifty PSU Bank, Nifty Realty, and Nifty Metal are among the top gainers, while no major sectors are currently underperforming.

In terms of individual stocks, Britannia, Adani Enterprises, and IndusInd Bank are leading the gainers, while Hero Motocorp, Bajaj Auto, and Tata Steel are among the top decliners within the Nifty 50.

The broader market sentiment remains positive, with approximately 1,482 stocks advancing compared to 530 stocks declining, indicating an overall optimistic outlook in the broader market.

Market Update at 11:10 AM: In a positive turn of events, the Sensex and Nifty are both trading higher, with gains of 0.68 per cent and 0.69 per cent, respectively. Furthermore, the Nifty Midcap and Nifty Smallcap are exhibiting even stronger performance, trading significantly higher with increases of 1.28 per cent and 1.11 per cent, respectively.

Market volatility appears to be on the decline, as the India VIX has plunged by 4.96 per cent.

The top-performing sectors currently include Nifty PSU Bank, Nifty Realty, and Nifty Pharma, with no major underperforming sectors at this time.

Within the Nifty 50, notable gainers consist of Britannia, Adani Enterprises, and IndusInd Bank, while Hero Motocorp, Tech Mahindra, and Bajaj Auto are leading the decliners.

The broader market sentiment remains positive, as approximately 1,578 stocks are advancing compared to 425 stocks that are declining, indicating an overall optimistic outlook in the broader market.

Market Update at 9:30 AM: On Thursday, the Indian stock markets witnessed a robust start as the Sensex and Nifty opened with significant gains of 0.91 per cent and 0.92 per cent, respectively. Simultaneously, Nifty Midcap also displayed a substantial opening surge of 1.1 per cent, and Nifty Smallcap opened higher by 1.02 per cent.

Adding to the market dynamics, the India VIX experienced a notable drop of 5.56 per cent, indicating a decrease in market volatility.

Among the sectors, Nifty PSU Bank, Nifty Media, and Nifty Financial Services emerged as the top gainers, while there were no major sectors underperforming at the moment.

Individual stocks that made significant moves included Britannia, LTIMindtree, and Bajaj Finance, which were among the top gainers. Conversely, ONGC and Tata Steel found themselves among the top losers.

The broader market sentiment remained positive, with approximately 1,703 stocks advancing compared to 178 stocks declining, reflecting an optimistic outlook in the broader market.

Pre-Market Update at 8:00 AM: On Wednesday night saw a modest uptick in S&P 500 futures as investor attention shifted from the Federal Reserve's policy announcement to the most recent corporate earnings releases. S&P 500 futures and Nasdaq 100 futures both showed gains of approximately 0.2 per cent. Meanwhile, futures linked to the Dow Jones Industrial Average recorded an increase of 30 points, equating to nearly 0.1 per cent growth.

These movements followed a successful trading day on Wall Street, which also marked the commencement of a new trading month. The Dow surged by over 200 points on Wednesday, while the S&P 500 and Nasdaq Composite each closed with gains exceeding 1 per cent.

The GIFT Nifty suggests a slightly positive opening for the benchmark indices, showing a 35-point increase. GIFT Nifty futures reached 19,220 points, having reached a peak of 19,227 points.

Oil prices saw a modest increase on Wednesday in anticipation of crucial meetings of global central banks this week, including the US Federal Reserve. At the same time, the market was closely monitoring the latest developments in the Israel-Hamas conflict.

Brent January crude futures climbed by 2.3 per cent, equivalent to a USD 1.97 rise, reaching USD 86.99 per barrel. This came after a decline of over 1 per cent on Tuesday. 

The Dollar index exhibited a 0.30 per cent gain in futures, reaching a level of 106.96, while the exchange rate for one US dollar remained close to Rs 83.27.

On November 01, 2023, foreign institutional investors (FII) offloaded shares worth Rs 1,816.91 crore, while domestic institutional investors (DII) purchased shares worth Rs 1,622.05 crore.

Stock that is banned for trading in the F&O segment on November 02, 2023, is GNFC.