Market Wrap: Benchmark indices close on a flat note with Nifty Media and Nifty Energy among top gainers!

Sensex closed higher by 0.12 per cent and closed at 82,988.78, while Nifty slightly increased by 0.11 per cent and closed at 25,383.75 level

Market Update at 3:35 PM: On Monday, Benchmark indices concluded the trading day on a flat note as Sensex closed higher by 0.12 per cent and closed at 82,988.78, while Nifty slightly increased by 0.11 per cent and closed at 25,383.75 level. Similarly, the Broader market, Nifty Midcap closed higher by 0.38 per cent at 60,259.75, while Nifty Smallcap rose by 0.16 per cent and closed at 19,537.75.

Market volatility, as indicated by India VIX, has declined by 0.72 per cent and is trading at the level of 12.46 reflecting a decline in market volatility.

Within the sectoral landscape, Nifty Media, Nifty Energy, and Nifty Realty emerged as Top Gainers, while Nifty FMCG and Nifty MID SELECT are the sectors which underperformed.

NTPC, JSWSTEEL, and HINDALCO were among the top gainers while on the other hand BAJFINANCE, HINDUNILVR, and BAJAJFINSV were among the Top Losers.

About 1,241 stocks were advancing as against to 1,154 that were declining, thus indicating a negative sentiment in the broader market.

Market Update at 12:55 PM: In the current trading session benchmark indices are trading flat with Sensex trading higher by 0.04 per cent while Nifty trading lower by 0.04 per cent. Similarly, in the broader indices Nifty Midcap has gained 0.34 per cent and is trading around 60,200, while Nifty Smallcap gained 0.04 percent and is trading around 19,500.

India VIX has rose by 0.56 per cent and is trading around the mark of 12.62 indicating a slight rise in market volatility.

European stocks were set to open higher on Monday as investors prepared for a bumper week of interest rate decisions from the US Federal Reserve and the Bank of England; European Futures; DAX (-039 per cent); CAC (-0.30 per cent); FTSE (-0.22 per cent).

Within the sectoral landscape Nifty Metal, Nifty Media, and Nifty Energy are among the top gainers while Nifty FMCG and Nifty MID SELECT are the sectors which are underperforming.

JSWSTEEL, NTPC, and HINDALCO are among the top gainers within the Nifty 50 while, BAJFINANCE, HINDUNILVR, and BAJAJFINSV are among the top losers.

About 1,283 stocks are advancing as against to 1,114 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 flattish note with Sensex trading higher by 0.07 per cent, while Nifty trading higher by 0.08 per cent. However, in the broader indices Nifty Midcap experience an increase of 0.20 per cent, while Nifty Smallcap has declined by 0.11 per cent.

India VIX has rised by 1.43 per cent and is trading around the mark of 12.73, indicating a increase in market volatility.

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

Top gainers in individual stocks are NTPC, M&M, and EICHERMOT while, BAJFINANCE, BAJAJFINSV, and HINDUNILVR are among the top losers in the Nifty 50.

The broader market sentiment is positive, with 1,287 stocks advancing compared to 1,098 stocks declining.

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

The Sensex increased by 0.13 per cent, trading around 83,000, while the Nifty increased by 0.10 per cent, nearing 25,400. Similarly, the broader market moved upward, with the Nifty Midcap rising 0.45 per cent to approximately 60,300, and the Nifty Smallcap increasing 0.39 per cent, trading near 19,600.

India VIX has increased by 1.75 per cent and is trading at 12.77, indicating a rise in market volatility.

Within the sectoral landscape Nifty Metal, Nifty PSU Bank, and Nifty Realty are among the top gainers while Nifty FMCG is the only sector which is underperforming.

HINDALCO, ADANIENT, and NTPC are among the top gainers within the Nifty 50 while HINDUNILVR, BRITANNIA, and HEROMOTOCO are among the top losers.

About 1,541 stocks are advancing as against to 671 stocks that are declining, thus indicating a positive sentiment in the broader market.

Pre-Market Update at 8:30 AM: Wall Street's major indexes ended higher on Friday as investors focused on the possibility of a larger interest rate cut by the Federal Reserve next week, with Small-Cap stocks, which are sensitive to interest rates, performing well.

The Dow Jones Industrial Average added 297.01 points, or 0.72 per cent, to close at 41,393.78. The S&P 500 increased by 30.26 points, or 0.54 per cent, to 5,626.02, while the Nasdaq Composite rose 114.30 points, or 0.65 per cent, finishing at 17,683.98.

U.S. Treasury yields fell, with the 10-year yield declining by 62 basis points to 3.65 per cent, while the 2-year yield declined by 150 basis points to 3.58 per cent.

The GIFT Nifty is showing an upward trend, signaling a positive opening for the market today. Nifty futures are currently trading at 25,372.

Oil prices rose slightly in early Monday trading, driven by hopes of a U.S. interest rate cut this week. However, the gains were limited due to the recovery of U.S. oil supply after Hurricane Francine and weak economic data from China. Brent crude (Nov futures) was trading 0.24 per cent higher at $71.78 per barrel.

On September 13, 2024, foreign institutional investors (FII) bought shares worth Rs 2,364 crore, while domestic institutional investors (DII) bought shares worth Rs 2,532 crore.

Stocks that are banned for trading in the F&O segment on September 16, 2024, are AARTIIND, BALRAMCHIN, BANDHANBNK, CHAMBLFERT, GRANULES, HINDCOPPER, RBLBANK.

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