Market Wrap: Benchmark indices close on a higher note with Nifty Smallcap leading the gains!

In the latest market session, both the Sensex and Nifty concluded the day with moderate gains of 0.39 per cent and 0.4 per cent, respectively.

Market Update at 3:35 PM: In the latest market session, both the Sensex and Nifty concluded the day with moderate gains of 0.39 per cent and 0.4 per cent, respectively. Additionally, Nifty Midcap registered a 0.35 per cent increase, while Nifty Smallcap closed notably higher, surging by 0.88 per cent.

Market volatility, as indicated by the India VIX, experienced a 3.75 per cent increase, suggesting a decrease in overall market turbulence.

Several sectors displayed notable strength, with Nifty Energy, Nifty Financial Services, and Nifty PSU Bank leading the way among top-gaining sectors, while there were no major sectors underperforming.

Within the Nifty 50 index, Power Grid, SBI Life, and BPCL were prominent gainers, while Tata Motors, L&T, and UPL faced declines, marking them as leading decliners.

Overall market sentiment remained positive, as around 1254 stocks advanced compared to 759 stocks in the declining category, indicating an upbeat mood in the broader market.

Market Update at 2:15 PM: In the current market session, the Sensex and Nifty are ascending with gains of 0.31 per cent and 0.34 per cent, respectively, while the Nifty Midcap and Nifty Smallcap segments are also showing upward momentum, trading higher by 0.31 per cent and 0.73 per cent, respectively.

Market volatility, as indicated by the India VIX, has observed a notable decrease of 2.69 per cent, indicating a reduction in market turbulence.

Among the sectors, Nifty Energy, Nifty FMCG, and Nifty Financial Services are leading the pack as top gainers. In contrast, Nifty Realty and Nifty Media are facing declines.

Within the Nifty 50 index, notable gainers include BPCL, SBI Life, and Power Grid, while Tata Motors, IndusInd Bank, and UPL are among the prominent decliners.

Overall, market sentiment remains positive, with approximately 1268 stocks advancing compared to 741 stocks in decline, indicating an optimistic mood in the broader market.

Market Update at 12:35 PM: In the current market session, the Sensex and Nifty are making impressive gains of 0.47 per cent and 0.48 per cent, respectively, while the Nifty Midcap and Nifty Smallcap segments are displaying notable strength with increases of 0.43 per cent and 0.95 per cent, respectively.

Market volatility, as measured by the India VIX, has experienced a significant drop of 3.55 per cent, signalling a decline in market turbulence.

As corporate earnings season kicks off and investors continue to monitor developments in the Middle East, European markets are poised for a subdued opening on Tuesday. European futures for DAX show marginal increase by 0.02 per cent, while CAC and FTSE futures indicate a slight decline of 0.14 per cent and 0.26 per cent, respectively.

Several sectors are showing strength, with Nifty PSU Bank, Nifty FMCG, and Nifty Financial Services leading the way among the top-performing sectors. Notably, there are no major sectors currently underperforming.

Prominent gainers within the Nifty 50 index include HDFC Life, Power Grid, and BPCL, while Tata Motors, UPL, and L&T are among the top decliners.

Overall market sentiment remains positive, with approximately 1452 stocks advancing compared to 559 stocks in decline, highlighting an optimistic mood in the broader market.

Market Update at 11:10 AM: In the latest market session, the Sensex and Nifty are experiencing upward momentum, with gains of 0.47 per cent and 0.48 per cent, respectively, while the Nifty Midcap and Nifty Smallcap segments are displaying strength with rises of 0.47 per cent and 0.92 per cent, respectively.

Market volatility, as measured by the India VIX, has seen a notable decline of 3.46 per cent, signalling a reduction in market turbulence.

Several sectors are notably strong, with Nifty PSU Bank, Nifty FMCG, and Nifty Financial Services emerging as top-performing sectors. However, Nifty Realty is the sole major sector currently underperforming.

Prominent gainers within the Nifty 50 index include HDFC Life, Power Grid, and Tata Consumer, while Tata Motors, UPL, and L&T are among the top decliners.

Overall market sentiment remains positive, with approximately 1501 stocks advancing compared to 498 stocks in decline, highlighting a favourable mood in the broader market.

Market Update at 9:40 AM: In the latest market session, the Sensex and Nifty began the day on a robust note, registering gains of 0.46 per cent and 0.45 per cent, respectively. Moreover, the Nifty Midcap segment opened with a 0.5 per cent increase, while the Nifty Smallcap category exhibited substantial growth with a remarkable 0.95 per cent rise.

Market volatility, as measured by the India VIX, saw a significant drop of 3.7 per cent, contributing to an overall calmer trading environment.

Various sectors displayed notable strength, with Nifty PSU Bank, Nifty Metal, and Nifty Financial Services leading the way among the top performers. In contrast, Nifty Realty was the only major sector showing underperformance.

Within the Nifty 50 index, impressive gains were noted in stocks such as Tata Consumer Products, Power Grid, and Bajaj Finance, while Divi’s Laboratories, L&T, and ONGC were among the leading decliners.

Overall market sentiment appeared positive, with approximately 1600 stocks advancing, outnumbering the 309 stocks in decline, reflecting a favourable mood in the broader market.

Pre-Market Update at 8:05 AM: Major U.S. stock indices closed significantly higher on Monday as investors expressed optimism about the commencement of the earnings season. Additionally, transportation and Small-Cap shares saw notable gains. While market participants kept a watchful eye on the Israeli conflict in Gaza, they seemed to adopt a more risk-on approach on Monday, evident in the decline of safe-haven gold prices.

Specifically, the Dow Jones Industrial Average surged by 314.25 points, equivalent to a 0.93 per cent increase, closing at 33,984.54. The S&P 500 also saw a gain of 1.06 per cent, to end the day at 4,373.63. Similarly, the Nasdaq Composite gained by 1.2 per cent, closing at 13,567.98.

GIFT Nifty trends suggest a potentially stable to slightly positive opening for the broader Indian market, with an anticipated gain of 16 points or 0.07 per cent. The Nifty futures are currently trading in the vicinity of the 19,827 level.

At the beginning of Tuesday, the U.S. dollar faced early weakness as investors assessed events in the Middle East and prepared for a series of speeches by central bank officials during the week. The highlight is Federal Reserve Chair Powell's address, which they aim to use as an indicator of the monetary policy direction.

On October 16, foreign institutional investors (FII) sold shares worth Rs 593.66 crore, while domestic institutional investors (DII) bought shares worth Rs 1,184.24 crore.

Stocks that are banned for trading in the F&O segment on October 17, 2023, are BALRAMCHIN, BHEL, DELTACORP, GNFC, HINDCOPPER, IBULHSGFIN, INDIACEM, MANAPPURAM, MCX, PNB, SAIL and SUNTV.