Market Wrap: Benchmark indices close on a higher note amidst increased volatility!

In Monday's market session, benchmark indices closed on a positive note, with the Sensex and Nifty posting gains of 0.52 per cent and 0.49 per cent, respectively.

Market Update on 3:40 PM: In Monday's market session, benchmark indices closed on a positive note, with the Sensex and Nifty posting gains of 0.52 per cent and 0.49 per cent, respectively. The broader indices, including Nifty Midcap and Nifty Smallcap, also ended higher with increases of 0.09 per cent and 0.15 per cent, respectively.

Notably, India VIX has surged by 4.79 per cent, indicating an uptick in market volatility.

Top-performing sectors included Nifty Realty, Nifty Energy, and Nifty Bank, while Nifty Auto, Nifty FMCG, and Nifty Media experienced losses.

Among individual stocks, BPCL, Ultratech Cement, and ONGC were among the top gainers, while UPL, Tata Motors, and Maruti were among the top losers within the Nifty 50.

The broader market sentiment appeared positive, with 1033 stocks advancing compared to 988 stocks declining.

Market Update at 2:20 PM: In today's market, the Sensex and Nifty are trading with a 0.35 per cent and 0.33 per cent increase, respectively. Additionally, Nifty Midcap and Nifty Smallcap are showing gains of 0.13 per cent and 0.18 per cent, respectively.

Notably, the India VIX has surged by 6.4 per cent, indicating an increase in market volatility.

Sector-wise, Nifty Energy, Nifty Realty, and Nifty Pharma are among the top-performing sectors, while Nifty FMCG, Nifty Auto, and Nifty IT are among the top losers.

Individual stock movements show Reliance, BPCL, and Ultratech Cement as the leading gainers, while Maruti, Eicher Motors, and Tata Motors are among the leading decliners within the Nifty 50.

The broader market sentiment leans slightly positive, with 1084 stocks advancing compared to 932 stocks declining.

Market Update at 12:40 PM: In the current market session, the Sensex and Nifty are trading with a 0.38 per cent and 0.34 per cent increase, respectively. Meanwhile, Nifty Midcap and Nifty Smallcap are showing slight declines of 0.01 per cent and 0.08 per cent, respectively.

The India VIX has surged by 6.76 per cent, signifying an uptick in market volatility.

European markets are set for a positive opening on Monday, with European futures DAX, FTSE, and CAC trading higher by 0.01 per cent, 0.61 per cent, and 0.20 per cent, respectively.

Among the sectors, Nifty Energy, Nifty Realty, and Nifty Bank are among the top gainers, while Nifty FMCG, Nifty Auto, and Nifty IT are among the top losers.

In terms of individual stocks, Reliance, BPCL, and Cipla are leading the gainers, whereas Maruti, Axis Bank, and Tata Motors are among the top decliners within the Nifty 50.

The broader market sentiment appears slightly positive, with 1051 stocks advancing compared to 970 stocks declining.

Market Update at 11:15 AM: In the latest market update, the Sensex and Nifty have seen modest gains of 0.2 per cent and 0.18 per cent, respectively, while Nifty Midcap and Nifty Smallcap show slight declines of 0.24 per cent and 0.25 per cent, respectively.

Market volatility has surged by 7 per cent, as indicated by India VIX, reflecting increased uncertainty in the market.

Notable sector performance includes Nifty Energy, Nifty Realty, and Nifty Pharma as the top gainers, whereas Nifty PSU Bank, Nifty Auto, and Nifty FMCG are among the leading losers.

Among the individual stocks within the Nifty 50, Reliance, BPCL, and Cipla are prominent gainers, while Maruti, M&M, and Tata Motors are leading decliners.

The broader market sentiment appears to be neutral, with approximately 994 advancing stocks compared to 997 declining stocks, suggesting a balanced outlook in the broader market.

Market Update at 9:35 AM: In the latest market update, the Sensex and Nifty commenced the trading day with marginal declines of 0.35 per cent and 0.36 per cent, respectively, while Nifty Midcap opened moderately lower by 0.76 per cent, and Nifty Smallcap registered a 0.4 per cent decrease.

Market volatility has seen a notable uptick, with the India VIX surging by 10.75 per cent, indicating an increase in market uncertainty.

Among sector performance, Nifty Energy and Nifty Realty have emerged as the top gaining sectors, while Nifty Media, Nifty Auto, and Nifty Bank find themselves among the top losers.

In the Nifty 50 index, BPCL, Cipla, and Reliance are leading the gainers, while Tata Motors, M&M, and Bajaj Finserv are positioned as the top decliners.

The broader market sentiment leans negative, with approximately 686 stocks advancing compared to 1,221 stocks declining, indicating a bearish sentiment in the broader market.

Pre-Market Update at 8:05 AM: US stock futures opened with slight gains in anticipation of a significant week filled with key events, including a Federal Reserve rate decision, a jobs report, and Apple's earnings report. S&P 500 futures saw an increase of 0.3 per cent, while Nasdaq-100 futures gained 0.4 per cent, and Dow Jones Industrial Average futures were up by 0.1 per cent.

The upcoming Federal Reserve decision, scheduled for Wednesday, is of great significance, and it is widely expected that the central bank will maintain its benchmark interest rate at the current level. Given that rising interest rates have been a primary driver of the recent stock market correction, investors are hoping for signals from the Fed indicating a pause in rate hikes.

Notably, the 10-year Treasury yield briefly exceeded 5 per cent at the beginning of last week but closed the week at 4.84 per cent. The forthcoming October jobs report, set for Friday, is eagerly awaited by investors in the hope of seeing signs of a slowdown in the labour market, which could potentially lead the Fed to maintain its current stance for the rest of the year.

On Monday, oil prices saw a decline of USD 1 per barrel, as investors exercised caution in anticipation of the upcoming Fed policy meeting and China's manufacturing data later in the week. This decrease offset the support derived from geopolitical tensions in the Middle East. Brent crude futures experienced a 1.1 per cent drop, with a price of USD 89.50 per barrel.

Simultaneously, the Dollar index showed a 0.06 per cent increase in futures, reaching 106.58, while the value of one US dollar remained close to Rs 83.41.

The GIFT Nifty suggests a slightly positive opening for the benchmark indices, with an increase of 53 points. GIFT Nifty futures reached 19,081 points, having reached a peak of 19,090 points.

On October 27, foreign institutional investors (FII) offloaded shares worth Rs 1,500.13 crore, while domestic institutional investors (DII) purchased shares worth Rs 313.69 crore.