Market Wrap: Benchmark indices close on a lower note with Nifty Auto among the top losers!
In Monday's trading session, the Sensex and Nifty concluded the day on a downtrend, closing lower by 0.21 per cent and 0.19 per cent, respectively.
Market Update at 3:35 PM: In Monday's trading session, the Sensex and Nifty concluded the day on a downtrend, closing lower by 0.21 per cent and 0.19 per cent, respectively. In contrast, broader indices exhibited a mixed performance, with Nifty Midcap closing higher by 0.11 per cent and Nifty Smallcap closing lower by 0.07 per cent.
India VIX, the measure of market volatility, showed a modest uptick of 2.28 per cent, suggesting a slight increase in market uncertainty.
Notable sectoral movements highlighted Nifty IT, Nifty PSU Bank, and Nifty Pharma as the top gainers, demonstrating resilience amid market challenges. Conversely, Nifty Auto, Nifty Media, and Nifty Metal faced headwinds, positioning them among the top losers.
Individual stock performances featured Divi’s Laboratories, Bharti Airtel, and HCL Technologies as the top gainers, showcasing strength in a challenging market environment. On the downside, M&M, Bajaj Finance, and Adani Enterprises found themselves among the top losers within the Nifty 50.
Despite the mixed performance in benchmark indices, the broader market sentiment remains positive, with approximately 949 advancing stocks compared to 1089 declining ones.
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Market Update at 2:15 PM: In the ongoing trading session, both the Sensex and Nifty are experiencing a decline, trading lower by 0.21 per cent and 0.2 per cent, respectively. Simultaneously, Nifty Midcap remains flat, and Nifty Smallcap is down by 0.29 per cent.
The surge in India VIX by 2.56 per cent signals an uptick in market volatility, reflecting increased uncertainty among investors.
Notable sectoral movements reveal Nifty IT, Nifty PSU Bank, and Nifty Bank as the top gainers, showcasing resilience amidst the broader market downturn. Conversely, Nifty Auto, Nifty Media, and Nifty Metal are among the top losers, facing headwinds in the current trading environment.
Leading the gainers among individual stocks are Divi’s Laboratories, Bharti Airtel, and HCL Technologies, displaying strength amid challenging market conditions. On the flip side, M&M, SBI Life, and Adani Enterprises find themselves among the top losers within the Nifty 50.
The broader market sentiment is tilted towards the negative, with approximately 965 advancing stocks compared to 1073 declining stocks.
Market Update at 12:40 PM: In the ongoing trading session, both the Sensex and Nifty are in negative territory, trading lower by 0.25 per cent and 0.22 per cent, respectively. Contrarily, Nifty Midcap is showing a modest uptick of 0.08 per cent, and Nifty Smallcap is also on the rise, up by 0.1 per cent.
The surge in India VIX by 3.36 per cent suggests an escalation in market volatility, contributing to the overall uncertainty in the trading environment.
On the global front, European markets are poised for a lower open on Monday, with DAX, FTSE, and CAC futures trading lower by 0.08 per cent, 0.19 per cent, and 0.01 per cent, respectively.
Sectoral movements reveal Nifty IT, Nifty PSU Bank, and Nifty Bank as the top gainers, providing some resilience amid the broader downtrend. Conversely, Nifty Auto, Nifty Media, and Nifty FMCG are among the top losers.
Leading the gainers among individual stocks are Divi’s Laboratories, Wipro, and HCL Technologies, showcasing strength amidst the prevailing market conditions. Conversely, M&M, SBI Life, and Bajaj Finance find themselves among the top losers within the Nifty 50.
In the broader market scenario, the negative sentiment is evident, with around 1000 advancing stocks compared to 1030 declining stocks.
Market Update at 11:15 AM: In the ongoing trading session, both the Sensex and Nifty are trading marginally lower by 0.34 per cent and 0.27 per cent, respectively. Contrarily, Nifty Midcap is showing strength with a gain of 0.12 per cent, and Nifty Smallcap is also on the rise, up by 0.21 per cent.
The surge in India VIX by 3.32 per cent signals an uptick in market volatility, introducing an element of uncertainty.
Noteworthy sectoral movements reveal Nifty Pharma, Nifty IT, and Nifty PSU Bank as the top gainers. Conversely, Nifty Auto, Nifty Media, and Nifty FMCG are experiencing losses.
Leading the gainers among individual stocks are Divi’s Laboratories, Hindalco, and HCL Technologies, demonstrating robust performances. On the flip side, M&M, Bajaj Finance, and Bajaj Finserv are among the top losers within the Nifty 50.
In the broader market scenario, positive sentiment prevails, with approximately 1117 advancing stocks compared to 897 declining stocks. This market dynamic underscores the resilience of broader indices amid fluctuations in specific sectors, presenting an intriguing narrative in today's trading session.
Market Update at 9:30 AM: Monday's trading session saw a modest decline in the opening figures of Sensex and Nifty by 0.12 per cent and 0.05 per cent, respectively. In contrast, Nifty Midcap and Nifty Smallcap displayed strength with opening gains of 0.4 per cent and 0.39 per cent, respectively.
The surge in India VIX by 3.87 per cent suggests a mild uptick in market volatility, adding an element of uncertainty. Notable sectoral movements featured Nifty Realty, Nifty PSU Bank, and Nifty IT as top gainers, while Nifty Financial Services, Nifty FMCG, and Nifty Bank faced losses.
Among individual stocks, Coal India, Divi’s Laboratories, and Apollo Hospital emerged as top gainers, showcasing robust performances. Conversely, Axis Bank, M&M, and Nestle India experienced declines within the Nifty 50.
In the broader market landscape, positive sentiment prevailed, with approximately 1327 advancing stocks outnumbering 566 declining stocks. This mixed trend indicates an interesting start to the trading week, with sectoral variations and individual stock movements influencing market dynamics.
Pre-Market Update at 8:25 AM: U.S. stock futures commenced the Sunday evening session with minimal movement, entering the shortened Thanksgiving holiday week after three consecutive positive performances across major averages. Dow Jones Industrial Average futures dipped 2 points, or less than 0.1 per cent, while S&P 500 futures showed a decrease of around 3 points, nearly 0.1 per cent, and Nasdaq 100 futures were down 34 points, or 0.2 per cent.
The GIFT Nifty points to a slightly bearish commencement for the benchmark indices, with a decrease of 15 points. GIFT Nifty futures reached 19,800 points, having peaked at 19,852 points.
Oil prices rebounded on Friday, recovering from a four-month low reached the previous day, which saw a 5 per cent decline amid concerns over increasing non-OPEC supply and a slowdown in demand. The Brent contract for January posted a gain of 3.2 per cent, equivalent to USD 2.49, reaching USD 79.91 a barrel. In the futures market, the Dollar index traded 0.51 per cent lower at 103.82, while the value of one dollar remained close to Rs 83.29.
On November 17, 2023, foreign institutional investors (FII) offloaded shares worth Rs 477.76 crore, while domestic institutional investors (DII) sold shares worth Rs 565.48 crore.
Stock that are banned for trading in the F&O segment on November 20, 2023, are CHAMBLFERT, DELTACORP, HINDCOPPER, INDIACEM, MANAPPURAM, MCX, RBLBANK and ZEEL