Market Wrap: Benchmark indices close on a negative note with Nifty Auto and Nifty PSU Bank among top losers!
Sensex closed lower by 1.03 per cent and closed at 78,675.18, while Nifty closed lower by 1.07 per cent and closed at 23,883.45 level.
Market Update at 3:35 PM: On Tuesday, Benchmark indices concluded the trading day on a negative note as Sensex closed lower by 1.03 per cent and closed at 78,675.18, while Nifty closed lower by 1.07 per cent and closed at 23,883.45 level. Similarly, the Broader market, Nifty Midcap closed lower by 1.07 per cent at 55,257.50, while Nifty Smallcap closed lower by 1.28 per cent and closed at 17,991.60.
Market volatility, as indicated by India VIX, rose by 2.24 per cent and is trading at the level of 14.59 reflecting a rise in market volatility.
Within the sectoral landscape, no sector emerged as Top Gainers, while Nifty Auto, Nifty PSU Bank, and Nifty FMCG sector underperformed.
SUNPHARMA, TRENT, and INFY were among the top gainers while on the other hand BEL, BRITANNIA, and NTPC were among the Top Losers.
About 489 stocks were advancing as against to 1,888 that were declining, thus indicating a negative sentiment in the broader market.
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Market Update at 11:45 PM: During the ongoing trading session, benchmark indices are showing a flat trend, with the Sensex down by 0.01 per cent and the Nifty up by 0.01 per cent. However, in the broader market, the Nifty Midcap up by 0.29 per cent, while the Nifty Smallcap rose by 0.69 per cent.
India VIX declined by 1.05 per cent and is trading around the mark of 14.12, indicating a fall in market volatility.
In the sectoral landscape Nifty Realty, Nifty Media and Nifty Pharma sector emerged as top gainers, while Nifty Auto, Nifty FMCG, and Nifty PSU Bank sectors are underperforming.
Top gainers in individual stocks are ICICIBANK, TRENT, and SUNPHARMA while, BRITANNIA, EICHERMOT and ASIANPAINT are among the top losers in the Nifty 50.
The broader market sentiment is positive, with 1,292 stocks advancing compared to 1,049 stocks declining.
Market Update at 9:35 AM: On Tuesday, markets opened on a positive note, with both Nifty and Sensex showing positive movement. Nifty Realty led the gains and Nifty FMCG was the biggest laggard.
As of now, the Sensex is up by 0.16 per cent, hovering around 79,615, and Nifty is up by 0.04 per cent, trading near 24,150. However, in the broader market, the Nifty Midcap rose about 0.42 per cent to about 56,089, and the Nifty Smallcap is rose by 0.51 per cent, trading near 18,318.
India VIX up by 1.26 per cent and is trading at 14.45, indicating a rise in market volatility.
Within the sectoral landscape Nifty Realty, Nifty Media, and Nifty Healthcare Index sector is among the Top Gainers while Nifty Auto, Nifty FMCG and Nifty Financial Services is underperforming.
Trent, Bharti Airtel, and Sun Pharma are among the top gainers within the Nifty 50 while HDFC Bank, Asian Paint, and Maruti are among the Top Losers.
About 1327 stocks are advancing as against to 887 stocks that are declining, thus indicating a positive sentiment in the broader market.
Pre-Market Update at 8:00 AM: Wall Street's main indexes closed at record highs on Monday, driven by stocks poised to gain from President-elect Donald Trump's possible fiscal policies.
The S&P 500 edged up 0.10 per cent to 6,001.35, the Nasdaq increased 0.06 per cent to 19,298.76, and the Dow Jones rose 0.69 per cent to 44,293.13.
The GIFT Nifty is trading flat, indicating a muted start for the day. Nifty futures were trading at 24,225.00.
The U.S. 10-year Treasury yield stands at 4.318 per cent, while the 2-year bond yield at 4.277 per cent.
Brent crude fell below $72 per barrel, and WTI traded around $68, continuing recent losses. Weak demand worries persist as China’s economic measures disappointed, and a stronger U.S. dollar, linked to Trump’s re-election, pressured prices. Reduced Middle East tensions also eased price support. Investors await OPEC’s report for insights on the 2025 demand outlook and potential surplus next year.
On November 11 2024, foreign institutional investors (FII) sold shares worth Rs 2,306 crore, while domestic institutional investors (DII) bought shares worth Rs 2,026 crore.
Stocks that are banned for trading in the F&O segment on November 12, 2024, are AARTIIND, ABFRL, GRANULES, HINDCOPPER, MANAPPURAM.
Disclaimer: The article is for informational purposes only and not investment advice.