Market Wrap: Benchmark indices close on a higher note while Nifty Smallcap outperformed!

On Friday, Frontline indices concluded the day on a positive note as Sensex closed moderately higher by 0.25 per cent concluding at 72,026.15 level, while Nifty also closed moderately higher by 0.24 per cent concluding at 21,710.80.

Market Update at 3:40 PM: On Friday, Frontline indices concluded the day on a positive note as Sensex closed moderately higher by 0.25 per cent concluding at 72,026.15 level, while Nifty also closed moderately higher by 0.24 per cent concluding at 21,710.80. Similarly Broader indices closed higher with Nifty Midcap surging by 0.18 per cent, while Nifty Smallcap soared by 0.65 per cent.

Market volatility, as indicated by India VIX, has declined by 6.21 per cent, reflecting a decrease in market volatility.

Nifty IT, Nifty Auto, Nifty Realty and Nifty Media were among the top gainers, while Nifty PSU Bank, Nifty Pharma, Nifty Metal and Nifty Bank were among the top losers.

Adani Ports, TCS and L&T were among the top gainers while Nestle India, Britannia and UPL were among the top losing stocks from the Nifty 50.

About 1052 stocks were advancing as against to 1008 stocks that were declining, thus indicating a slight optimistic sentiment in the broader market.

Market Update at 2:20 PM: In the current trading session benchmark indices trade lower with the Sensex plunging marginally by 0.07 per cent, while Nifty also declined by 0.11 per cent. Similarly, Nifty Midcap has plunged by 0.42 per cent, while Nifty Smallcap trades lower by 0.28 per cent

India VIX is currently trading lower by 3.23 per cent, indicating a decline in market volatility.

Nifty IT, Nifty Auto and Nifty Realty are among the top gainers, while currently Nifty PSU Bank, Nifty Pharma and Nifty Bank were among the top losers.

Adani Ports, TCS and Hindustan Unilever are among the top gainers while Nestle India, UPL and Britannia are among the top losing stocks from the Nifty 50.

About 806 stocks are advancing as against to 1246 stocks that are declining, thus indicating a negative sentiment in the broader market.

Market Update at 12:40 PM: In the current trading session benchmark indices trade higher with the Sensex surging by 0.1 per cent, while Nifty soared by 0.15 per cent. Similarly, Nifty Midcap has surged by 0.44 per cent, while Nifty Smallcap is also experiencing a significant gain of 0.4 per cent.

India VIX is currently trading lower by 3 per cent, indicating a slight decrease in market volatility.

European stocks are heading for a lower open on Friday as European futures DAX, CAC and FTSE trade lower by 0.61 per cent, 0.63 per cent and 0.48 per cent respectively.

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

Adani Ports, LTIMindtree and Adani Enterprises are among the top gainers while Britannia, Nestle India and Sun Pharma are among the top losing stocks from the Nifty 50.

About 1169 stocks are advancing as against to 889 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 11:15 AM: In the current trading session benchmark indices trade moderately higher with the Sensex surging by 0.19 per cent, while Nifty also trades higher by 0.2 per cent. Similarly, Nifty Midcap has significantly surged by 0.31 per cent, while Nifty Smallcap has also substantially soared by 0.33 per cent.

India VIX is currently trading marginally lower by 2.38 per cent, indicating a slight decline in market volatility.

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

Adani Ports, TCS and Hero Motocorp are among the top gainers while, Sun Pharma, Britannia and Nestle India are among the top losing stocks from the Nifty 50.

About 1182 stocks are advancing as against to 869 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 9:30 AM: On Friday, Indian markets initiated the trading day on a positive note with the Sensex opening moderately higher by 0.32 per cent, while Nifty also opened moderately higher by 0.35 per cent. Similarly Nifty Midcap opened substantially higher by 0.63 per cent, while Nifty Smallcap also opened significantly higher by 0.54 per cent.

India VIX has marginally plunged by 1.81 per cent, indicating a slight decrease in market volatility.

Nifty Realty, Nifty IT and Nifty Auto are among the top gaining sectors while Nifty Pharma is the only major sector which is currently underperforming.

SBI Life, NTPC and Wipro are among the top gainers while Nestle India, Sun Pharma and Britannia are among the top losing stocks from the Nifty 50.

About 1540 stocks are advancing as against to 410 stocks that are declining, thus indicating a positive sentiment in the broader market.

Pre-Market Update at 7:40 AM: U.S. Stock futures inched higher on Thursday evening as Wall Street sought to rebound from a slow start in January, anticipating a key jobs report. Dow Jones Industrial Average futures edged up by 46 points, approximately 0.1 per cent, while S&P 500 futures and Nasdaq 100 futures showed a similar uptick of about 0.1 per cent.

This follows the S&P 500 and Nasdaq Composite experiencing their fourth and fifth consecutive negative sessions, respectively, on Thursday, with the Dow closing marginally higher but remaining down for the week. The major averages are poised to end their nine-week winning streaks, with the Nasdaq Composite facing the largest weekly loss at 3.3 per cent.

The GIFT Nifty suggests a slightly pessimistic opening for the benchmark indices, with a decline of 14 points. GIFT Nifty futures recorded 21,775 points, having reached a peak of 21,816 points.

On Thursday, oil prices retreated by 2 per cent, reversing an earlier surge, driven by substantial weekly builds in gasoline and distillate stocks that overshadowed a larger-than-anticipated drawdown in crude stocks. Brent crude declined by USD 1.57, or 2 per cent, settling at USD 79.01 per barrel, following an initial increase of over USD 1.

Similarly, US West Texas Intermediate crude futures dropped USD 1.47, or 2 per cent, reaching USD 73.57. The decline was influenced by diminished fuel demand and significant inventory expansions reported by the US Energy Information Administration, particularly a 10.9 million-barrel rise in gasoline stocks, marking the highest week-on-week increase in over three decades.

In futures, the Dollar index experienced a marginal decrease of 0.08 per cent, reaching 102.42, while the value of a single dollar remained close to Rs 83.26.

On January 04, 2024, foreign institutional investors (FII) bought shares worth Rs 1,513.41 crore, while domestic institutional investors (DII) sold shares worth Rs 1,387.36 crore.

Stocks that are banned for trading in the F&O segment on January 05, 2024, are BALRAMCHIN, CHAMBLFERT, DELTACORP, ESCORTS, GNFC, HINDCOPPER, IEX, INDIACEM, NATIONALUM, SAIL and ZEEL.