Market Wrap: Benchmark indices close lower with Nifty Media among the top losers!

In the latest market session, the Sensex and Nifty have both closed with substantial losses of 0.81 per cent and 0.83 per cent respectively.

Market Update at 3:35 PM: In the latest market session, the Sensex and Nifty have both closed with substantial losses of 0.81 per cent and 0.83 per cent respectively. Nifty Midcap ended moderately lower by 0.65 per cent, while Nifty Smallcap saw a lower close of 0.24 per cent.

Notably, India VIX has surged by 2.18 per cent, signifying an increase in market volatility.

Among the sectors, Nifty PSU Bank and Nifty Metal were the sole gainers, while Nifty Media, Nifty Realty, and Nifty IT were among the top sectors facing losses.

Prominent gainers from the Nifty 50 index included Tata Steel, Coal India, and Hindalco, while Infosys, Apollo Hospitals, and Adani Enterprises ranked among the leading decliners.

The broader market sentiment appeared negative, with around 536 stocks advancing and 1,510 stocks declining.

Market Update at 2:15 PM: In the current market landscape, both the Sensex and Nifty have experienced notable declines, with the Sensex and Nifty plunging by 0.70 per cent and 0.71 per cent respectively. Similarly, Nifty Midcap and Nifty Smallcap have also witnessed declines, showing drops of 0.68 per cent and 0.53 per cent respectively.

India VIX has surged by 6.49 per cent, highlighting an increase in market volatility.

Amidst the sectoral performance, Nifty Metal and Nifty PSU Bank are notable gainers, while Nifty Media, Nifty Financial Services, and Nifty Realty are among the top sectors facing losses.

Prominent gainers within the Nifty 50 index include Hindalco, Tata Steel, and Tata Consumer Product. Conversely, Infosys, Cipla, and Apollo Hospitals are among the top decliners from the Nifty 50.

Despite these challenges, the broader market sentiment remains positive, with approximately 482 stocks advancing and 1,550 stocks declining.

Market Update at 12:40 PM: In the current market scenario, both the Sensex and Nifty have registered declines of 0.56 per cent and 0.58 per cent respectively. Nifty Midcap and Nifty Smallcap have also experienced declines, with respective drops of 0.78 per cent and 0.54 per cent.

Notably, India VIX has surged by 6.88 per cent, signifying an substantial increase in market volatility.

Additionally, European markets are poised for a lower opening, as European futures for DAX, FTSE, and CAC are trading lower by 0.10 per cent, 0.25 per cent, and 0.35 per cent respectively.

Among the sectors, Nifty Metal and Nifty PSU Bank are the leading gainers, while Nifty Media, Nifty IT, and Nifty Realty are among the top sectors facing losses.

Hindalco, Tata Steel, and Nestle India are notable gainers, while Infosys, NTPC, and Apollo Hospitals are among the leading decliners within the Nifty 50.

The broader market sentiment remains positive, with around 1,093 stocks advancing and 913 stocks declining.

Market Update at 11:15 AM: In the current market session, the Sensex and Nifty are trading marginally lower by 0.02 per cent and 0.05 per cent respectively, while Nifty Midcap trades lower by 0.04 per cent whereas Nifty Smallcap is showing positive movements, with gains of 0.75 per cent.

Moreover, there is an increase in market volatility, as indicated by India VIX surging by 3.46 per cent.

Among the sectors, Nifty Metal, Nifty PSU Bank, and Nifty Realty are the top gainers, while Nifty IT, Nifty Media, and Nifty FMCG are among the sectors experiencing losses.

Prominent gainers in the Nifty 50 index include Hindalco, Tata Steel, and JSW Steel, whereas Infosys, NTPC, and Apollo Hospitals are among the leading decliners.

The broader market sentiment appears positive, with around 1,093 stocks advancing and 913 stocks declining.

Market Update at 9:30 AM: In the latest market session, the Sensex and Nifty opened with marginal gains of 0.13 per cent and 0.11 per cent respectively. Concurrently, Nifty Midcap started with a 0.09 per cent increase, while Nifty Smallcap showed a moderate rise of 0.52 per cent.

India VIX witnessed a 0.39 per cent surge, indicating a minor uptick in market volatility.

Among the sectors, Nifty Metal, Nifty PSU Bank, and Nifty Bank stood out as the top gainers, while Nifty Auto, Nifty Pharma, and Nifty Realty were among the sectors facing losses.

Prominent gainers in the Nifty 50 index included Hindalco, Tata Steel, and JSW Steel. On the flip side, Apollo Hospitals, Divi's Laboratories, and Infosys were among the leading decliners.

The broader market sentiment appeared positive, with approximately 1,050 stocks advancing and 845 stocks declining.

Pre-Market Update at 8:00 AM: On Tuesday, Wall Street concluded on a positive note, driven by a series of robust corporate earnings and optimistic projections that invigorated investor risk appetite, leading to a broad market rally.

All three major U.S. stock indices made gains, with Large-Cap companies sensitive to interest rate fluctuations contributing significantly to the overall positive momentum, thanks to benchmark Treasury yields remaining stable and comfortably below their recent spike to 5 per cent.

The Dow Jones Industrial Average climbed 204.97 points, equivalent to a 0.62 per cent increase, closing at 33,141.38. The S&P 500 saw a gain of 30.64 points, marking a 0.73 per cent increase and concluding at 4,247.68. The Nasdaq Composite added 121.55 points, or 0.93 per cent, closing at 13,139.88.

GIFT Nifty trends suggest a favourable opening for the benchmark indices, with an increase of 30 points, equivalent to a 0.16 per cent gain. Nifty futures were observed trading near the 19,312.00 level.

Oil prices remained relatively stable on Wednesday, with indications of reduced U.S. supplies counterbalancing economic data that cast a shadow on the energy demand outlook. Brent crude futures inched up by just 2 cents to reach USD 88.09 per barrel.

On October 23, foreign institutional investors (FII) bought shares worth Rs 252.25 crore, while domestic institutional investors (DII) purchased shares worth Rs 1,111.84 crore.

Stock that is banned for trading in the F&O segment on October 25, 2023, is RBLBANK.