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

Sensex closed flat at 81,510.05, while Nifty closed lower by 0.04 per cent and closed at 24,610.05 level.

Market Update at 3:55 PM: On Tuesday, Benchmark indices concluded the trading day on a flat note as Sensex closed flat at 81,510.05, while Nifty closed lower by 0.04 per cent and closed at 24,610.05 level. However, the Broader market, Nifty Midcap closed higher by 0.23 per cent at 59,135.40, while Nifty Smallcap closed higher by 0.28 per cent and closed at 19,583.20.

Market volatility, as indicated by India VIX, declined by 2.34 per cent and is trading at the level of 13.78 reflecting a fall in market volatility.

Within the sectoral landscape, Nifty MID SELECT, Nifty Realty and Nifty IT emerged as Top Gainers, while Nifty Energy, Nifty Media and Nifty Pharma sector underperformed.

RAYMOND, BAJAFINSV, and WIPRO were among the top gainers while on the other hand BHARTIARTL, ADANIPORTS and HDFCLIFE were among the Top Losers.

About 1,209 stocks were advancing as against to 1,186 that were declining, thus indicating a positive sentiment in the broader market.

Market Update at 9:50 AM: On Tuesday, markets opened on a positive note, with both Nifty and Sensex showing positive movement. The Nifty Realty index led the gains, while Nifty Auto index lagged behind.

As of now, the Sensex is up by 0.11 per cent, hovering around 81,600, and Nifty is up by 0.12 per cent, trading near 24,650. Similarly, in the broader market, the Nifty Midcap rose about 0.01 per cent to about 59,000, and the Nifty Smallcap is up by 0.25 per cent, trading near 19,580.

India VIX is down by 0.71 per cent, trading at 14.01, indicating slight fall in market volatility.

Within the sectoral landscape Nifty Metal, Nifty Realty, and Nifty IT sector is among the Top Gainers while Nifty Auto, Nifty Energy, Nifty Media sector is underperforming.

SHRIRAMFIN, BAJAJFINSV, and INFY are among the top gainers within the Nifty 50 while M&M, DRREDDY, and GRASIM are among the Top Losers.

About 1,313 stocks are advancing as against to 984 stocks that are declining, thus indicating a positive sentiment in the broader market.

Pre-Market Update at 7:50 AM: Wall Street's primary indexes ended Monday's session in the red, with a decline in AI giant Nvidia exerting pressure on technology stocks. Investors remained cautious ahead of a significant inflation report scheduled for release later this week.

Nvidia saw a drop of 2.5 per cent after China's market regulator initiated an investigation into the company for alleged antimonopoly law violations. This development weighed on the information technology sector, which slipped 0.45 per cent.

The Dow Jones Industrial Average declined by 240.59 points, or 0.54 per cent, to close at 44,401.93. Similarly, the S&P 500 fell by 37.42 points, or 0.61 per cent, ending at 6,052.85, while the Nasdaq Composite retreated 123.08 points, or 0.62 per cent, to settle at 19,736.69.

The GIFT Nifty is trading firm, indicating a flat to positive start for the day. Nifty futures were trading at 24,698.60.

The U.S. 10-year Treasury yield stands at 4.197 per cent, while the 2-year bond yield at 4.126 per cent.

Brent crude edged closer to $72 per barrel, while WTI surpassed $68, supported by China's shift toward a “moderately loose” monetary policy to spur growth. Geopolitical uncertainties in the Middle East, including concerns over Syria's leadership, added to the upward momentum. Investors remain cautious, eyeing U.S. inflation data amid lingering concerns about a potential oil surplus in 2025.

On December 9 2024, foreign institutional investors (FII) bought shares worth Rs 724 crore, while domestic institutional investors (DII) sold shares worth Rs 1,648 crore.

Stocks that are banned for trading in the F&O segment on December 10, 2024, are GRANULES, MANAPPURAM, PVRINOX, RBLBANK.

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