Market Wrap: Benchmark indices close on a higher note while broader indices underperform!

On Tuesday, Benchmark indices concluded the trading day on a positive note as Sensex closed higher by 0.22 per cent closing at 73,667.96 level, while Nifty also marginally gained by 0.01 per cent and closed at 22,335.70 level.

Market Update at 3:50 PM: On Tuesday, Benchmark indices concluded the trading day on a positive note as Sensex closed higher by 0.22 per cent closing at 73,667.96 level, while Nifty also marginally gained by 0.01 per cent and closed at 22,335.70 level. Similarly, the Broader market experienced substantial declines as Nifty Midcap closed significantly lower by 1.41 per cent, while Nifty Smallcap closed plummeted by 1.98 per cent.

Market volatility, as indicated by India VIX, has declined by 2 per cent, reflecting a decrease in market volatility.

Nifty IT and Nifty Financial Services were the only major sectors which traded positively while Nifty Realty, Nifty PSU Bank, Nifty Media and Nifty Metal were among the top losers.

HDFC Bank, TCS and LTIMindtree were among the top gainers while Adani Enterprises, Cipla and Grasim were among the top losing stocks from the Nifty 50.

About 330 stocks were advancing as against to 1942 stocks that were declining, thus indicating a negative sentiment in the broader market.

Market Update at 2:20 PM: In the current trading session benchmark indices trade on a higher note with the Sensex trading moderately lower by 0.38 per cent, while Nifty trades higher by 0.16 per cent. Similarly, in the broader indices Nifty Midcap plunged by 1.3 per cent, while Nifty Smallcap plummeted by 1.72 per cent.

India VIX is currently trading lower by 2.2 per cent, indicating a decrease in market volatility.

Nifty IT, Nifty Financial Services and Nifty Bank are among the top gainers, while Nifty Realty, Nifty PSU Bank and Nifty Metal are among the top losers.

HDFC Bank, TCS and LTIMindtree are among the top gainers while Cipla, Grasim and Adani Enterprises are among the top losing stocks from the Nifty 50.

About 358 stocks are advancing as against to 1923 stocks that are declining, thus indicating a negative sentiment in the broader market.

Market Update at 12:45 PM: In the current trading session benchmark indices trade higher with the Sensex moderately surging by 0.37 per cent, while Nifty also gained by 0.18 per cent. Similarly, the broader indices experience declines as Nifty Midcap has plunged by 1.42 per cent, while Nifty Smallcap has plummeted by 1.84 per cent.

India VIX is currently trading lower by 1.29 per cent, indicating a slight decrease in market volatility.

European markets are heading for a positive open on Tuesday as European futures DAX, CAC and FTSE trade higher by 0.32 per cent, 0.35 per cent and 0.62 per cent respectively.

Nifty IT and Nifty Financial Services are among the top gainers, while Nifty Realty, Nifty PSU Bank and Nifty Media are among the top losers.

TCS, HDFC Bank and Eicher Motors are among the top gainers while Cipla, ITC and Adani Enterprises are among the top losing stocks from the Nifty 50.

About 323 stocks are advancing as against to 1941 stocks that are declining, thus indicating a negative sentiment in the broader market.

Market Update at 11:25 AM: In the ongoing trading session, benchmark indices are trading on a higher note, with Sensex trading moderately higher by 0.34 per cent while Nifty also trades higher by 0.17 per cent. Whereas, in the broader indices Nifty Midcap experiences a substantial decline of 1.25 per cent, while Nifty Smallcap plunges by 1.76 per cent.

India VIX is trading marginally lower by 1.16 per cent, indicating a slight decrease in market volatility.

Nifty IT and Nifty Financial Services are among the top gaining sectors while Nifty Realty, Nifty PSU Bank and Nifty Media among the top losers.

Top gainers in individual stocks are HDFC Bank, TCS and Eicher Motors, whereas Cipla, ITC and Adani Enterprises are among the leading losers in the Nifty 50.

The broader market sentiment is negative, with 323 stocks advancing compared to 1941 stocks declining.

Market Update at 9:35 AM: On Tuesday, Indian markets initiated the trading day on a positive note with Sensex opening moderately higher by 0.4 per cent, while Nifty also opened higher by 0.36 per cent. Whereas in the broader indices Nifty Midcap opened substantially lower by 1.15 per cent, while Nifty Smallcap opened lower by 1.63 per cent.

India VIX has marginally surged by 0.46 per cent, indicating a slight increase in market volatility.

Nifty IT is the only major sector which is among the top gainers while Nifty Realty, Nifty PSU Bank and Nifty Media are among the top losers.

TCS, Tech Mahindra and Infosys are among the top gainers while ITC, NTPC and Hindalco are among the top losing stocks from the Nifty 50.

About 390 stocks are advancing as against to 1775 stocks that are declining, thus indicating a negative sentiment in the broader market.

Pre-Market Update at 7:45 AM: For the second consecutive session on Monday, a measure of global stocks declined, stepping back from a peak record, in anticipation of U.S. inflation figures due this week, which could significantly impact the Federal Reserve's decision on interest rates.

The Dow Jones Industrial Average edged up by 46.97 points, or 0.12 per cent, reaching 38,769.66. Conversely, the S&P 500 dipped by 5.74 points, or 0.11 per cent, closing at 5,117.95, while the Nasdaq Composite dropped by 65.84 points, or 0.41 per cent, to settle at 16,019.27.

The GIFT Nifty trends suggest a promising beginning for the benchmark indices, showing an increase of 26.50 points or 0.12 per cent. Nifty futures were observed trading near the 22,440.00 level.

On Monday, oil prices experienced a decline, with the global benchmark Brent dropping below USD 82 per barrel, as worries regarding potential disruptions in the Middle East eased, and concerns about softening demand in China added to the downward pressure.

Brent futures recorded a decrease of 58 cents, settling at USD 81.50 per barrel, while U.S. West Texas Intermediate (WTI) slipped by 93 cents, or 1.2 per cent, to USD 77.08.

On March 11, 2024, foreign institutional investors (FII) bought shares worth Rs 4,212.76 crore, while domestic institutional investors (DII) purchased shares worth Rs 3,238.39 crore.

Stock that is banned for trading in the F&O segment on March 12, 2024, is ABFRL, HINDCOPPER, MANAPPURAM, MGL, SAIL, TATACHEM and ZEEL.