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

In Tuesday's trading session, benchmark indices wrapped up the day on a positive note, with the Sensex and Nifty closing higher by 0.31 per cent and 0.48 per cent, respectively.

Market Update at 3:40 PM: In Tuesday's trading session, benchmark indices wrapped up the day on a positive note, with the Sensex and Nifty closing higher by 0.31 per cent and 0.48 per cent, respectively. The broader market indices also witnessed positive closures, with Nifty Midcap gaining 0.55 per cent and Nifty Smallcap closing higher by 0.31 per cent.

Market volatility, as reflected by India VIX, experienced a notable surge of 10.26 per cent, signalling an increase in overall market uncertainty.

Among the top gainers in the major sectors were Nifty Energy, Nifty Metal, and Nifty PSU Bank, while Nifty Pharma and Nifty FMCG faced losses.

Individual stocks that made significant gains include Adani Enterprises, Adani Ports, and Tata Motors, while Eicher Motors, Apollo Hospitals, and ITC found themselves among the top losers within the Nifty 50.

In the broader market landscape, positive sentiment prevailed, with around 1022 advancing stocks compared to 1022 declining ones, indicating a neutral market sentiment.

Market Update at 2:20 PM: In the ongoing trading session, the Sensex is trading flat, while the Nifty is trading higher by 0.2 per cent. Simultaneously, Nifty Midcap is on the rise with a gain of 0.43 per cent, and Nifty Smallcap is also posting an increase at 0.31 per cent.

Market volatility has witnessed a substantial surge of 7.31 per cent, as indicated by India VIX, signalling a notable increase in market uncertainty.

Leading the gainers are Nifty Metal, Nifty Energy, and Nifty PSU Bank, while Nifty Pharma, Nifty FMCG, and Nifty IT are facing losses among the major sectors.

Individual stocks making significant gains include Adani Enterprises, Adani Ports, and Tata Motors, whereas Apollo Hospitals, Nestle India, and Eicher Motors find themselves among the top losers within the Nifty 50.

In the broader market scenario, positive momentum persists, with approximately 1071 advancing stocks compared to 961 declining ones, reflecting an overall positive sentiment.

Market Update at 12:30 PM: In the current trading session the Sensex trades flat, while Nifty trades higher by 0.18 per cent. Nifty Midcap trades higher by 0.28 per cent, while Nifty Smallcap trades higher by 0.24 per cent.

India VIX has surged by 5.10 per cent, indicating an increase in market volatility.

European markets are heading for a flat open on Tuesday, continuing lacklustre sentiment seen at the start of the week in the region and beyond. European futures DAX trades lower by 0.09 per cent, while CAC and FTSE trades higher by 0.06 per cent and 0.01 per cent respectively.

Nifty Energy, Nifty Metal and Nifty PSU Bank are among the top gainers while, Nifty IT, Nifty FMCG and Nifty Pharma are among the top losers.

Adani Enterprises, Adani Ports and Tata Motors are among the top gainers while Eicher Motors, Apollo Hospitals and LTIMindtree are among the top losing stocks from the Nifty 50.

About 1088 stocks are advancing as against to 942 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 11:10 AM: In the ongoing trading session, the Sensex is exhibiting a flat trend, while the Nifty is trading higher by 0.14 per cent. Concurrently, Nifty Midcap is on the rise with a gain of 0.16 per cent, and Nifty Smallcap is showing a more substantial increase at 0.46 per cent.

Market volatility has marginally surged by 4.61 per cent, as indicated by India VIX, signalling an uptick in market uncertainty.

Leading the gainers are Nifty Metal, Nifty Energy, and Nifty PSU Bank, whereas Nifty IT, Nifty Pharma, and Nifty FMCG are facing losses among the major sectors.

Individual stocks making notable gains include Adani Enterprises, Adani Ports, and Tata Motors, while SBI Life, Eicher Motors, and Apollo Hospitals are among the top losers within the Nifty 50.

The broader market sentiment remains positive, with approximately 1188 advancing stocks compared to 829 declining ones, pointing towards an overall optimistic mood in the market.

Market Update at 9:35 AM: On Tuesday, the Sensex and Nifty showed gains at the opening, rising by 0.01 per cent and 0.11 per cent, respectively. Simultaneously, Nifty Midcap and Nifty Smallcap also started the day on a positive note, with gains of 0.29 per cent and 0.16 per cent, respectively.

There has been a notable increase in market volatility, as indicated by the 7.88 per cent surge in India VIX.

Top-performing sectors include Nifty Metal, Nifty Energy, and Nifty Realty, while Nifty FMCG and Nifty Bank are among the leading losers in the current market scenario.

Among individual stocks, Adani Enterprises, Adani Ports, and BPCL are experiencing notable gains, while SBI Life, Indusind Bank, and ICICI Bank are among the top losers within the Nifty 50.

The broader market sentiment remains positive, with approximately 1214 advancing stocks compared to 700 declining ones, signalling an overall optimistic trend in the market.

Pre-Market Update at 8:00 AM: US Stock futures remained stable on Monday night as traders assessed the robust gains observed throughout November, with the trading month nearing its conclusion. Dow Jones Industrial Average futures increased by a modest 24 points, or 0.1 per cent. S&P 500 and Nasdaq 100 futures were both close to unchanged levels. These movements followed a day of losses on Wall Street, where the Dow and S&P 500 closed Monday's session approximately 0.2 per cent lower, while the Nasdaq Composite saw a slight decrease of nearly 0.1 per cent.

The GIFT Nifty suggests a slightly positive commencement for the benchmark indices, with an increase of 11 points. GIFT Nifty futures reached 19,857 points after reaching a peak of 19,868 points.

Oil prices declined on Monday as investors awaited an upcoming OPEC+ meeting scheduled later in the week, anticipating an agreement to limit supplies through 2024. Brent crude futures dropped by 40 cents, or 0.5 per cent, reaching USD 80.13 per barrel, while US West Texas Intermediate crude futures stood at USD 75.16 per barrel, marking a decrease of 34 cents, or 0.45 per cent.

Both contracts experienced a slight increase last week, representing their first weekly gain in five, driven by expectations that Saudi Arabia and Russia might extend voluntary supply cuts into early 2024, and OPEC+ could consider further output reduction plans. The Dollar index saw a 0.06 per cent decrease in futures, settling at 103.32, while the value of one dollar remained close to Rs 83.09.

On November 24, 2023, foreign institutional investors (FII) bought shares worth Rs 2,625.21 crore, while domestic institutional investors (DII) bought shares worth Rs 134.46 crore.

Stocks that are banned for trading in the F&O segment on November 28, 2023, are BALRAMCHIN, BHEL, GRANULES, HINDCOPPER, HINDPETRO, IBULHSGFIN and ZEEL