Market Wrap: Benchmark indices close on a negative note with Nifty Auto and Realty among the top losers!

Sensex declined by 1.49 per cent and closed at 84,299.78, while Nifty declined by 1.41 per cent and closed at 25,810.85 level.

Market Update at 3:40 PM: On Monday, Benchmark indices concluded the trading day on a negative note as Sensex declined by 1.49 per cent and closed at 84,299.78, while Nifty declined by 1.41 per cent and closed at 25,810.85 level. However, the Broader market, Nifty Midcap closed lower by 0.38 per cent at 60,153.80, while Nifty Smallcap closed lower by 0.32 per cent and closed at 19,179.65.

Market volatility, as indicated by India VIX, rose by 6.94 per cent and is trading at the level of 12.79 reflecting a rise in market volatility.

Within the sectoral landscape, Nifty Metal and Nifty Media emerged as Top Gainers, while Nifty Auto, Nifty Fin Service and Nifty Realty are the sectors which underperformed.

JSWSTEEL, NTPC and HINDALCO were among the top gainers while on the other hand HEROMOTOCO, TRENT, and RELIANCE were among the Top Losers.

About 852 stocks were advancing as against to 1,433 that were declining, thus indicating a negative sentiment in the broader market.

Market Update at 2:10 PM: In the current trading session benchmark indices are trading negative, with Sensex trading lower by 1.33 per cent while Nifty trading lower by 1.25 per cent. However, in the broader indices Nifty Midcap declined by 0.49 per cent, while Nifty Smallcap declined by 0.28 per cent.

India VIX rose by 7.86 per cent and is trading around the mark of 12.90 indicating a rise in market volatility.

Within the sectoral landscape Nifty Metal and Nifty Media are among the top gainers while Nifty Realty, Nifty Auto, and Nifty Fin Service are the sectors which are underperforming.

JSWSTEEL, NTPC and BRITANNIA are among the top gainers within the Nifty 50 while, HEROMOTOCO, TRENT and AXISBANK are among the top losers.

About 900 stocks are advancing as against to 1,504 stocks that are declining, thus indicating a negative sentiment in the broader market.

Market Update at 9:30 AM: On Friday, Indian markets opened on a flat note, with both Nifty and Sensex showing minimal movement. Nifty IT led the gains, while Nifty Realty was the biggest laggard.

As of now, the Sensex is up by 0.05 per cent, hovering around 85,870, and Nifty is slightly up by 0.09 per cent, trading near 26,240. However, in the broader market performed, the Nifty Midcap rose by 0.12 per cent to approximately 60,530, and the Nifty Smallcap rose by 0.28 per cent, trading near 19,310.

India VIX declined by 1.50 per cent and is trading at 11.82, indicating a slight fall in market volatility.

Within the sectoral landscape Nifty IT, Nifty Metal, and Nifty MID SELECT are among the top gainers while Nifty Realty, Nifty Energy, and Nifty FMCG are the sectors which are underperforming.

INFY, TECHM, and LTIM are among the top gainers within the Nifty 50 while POWERGRID, LT, and BHARTIARTL are among the top losers.

About 1,442 stocks are advancing as against to 793 stocks that are declining, thus indicating a positive sentiment in the broader market.

Pre-Market Update at 8:25 AM: Treasury yields and the dollar dropped, while the Dow reached a record high on Friday. A lower-than-expected U.S. inflation report boosted hopes for a large interest rate cut by the Federal Reserve at its November meeting.

The Dow Jones Industrial Average climbed 137.89 points, or 0.33 per cent, to 42,313.00. Meanwhile, the S&P 500 dipped 7.20 points, or 0.13 per cent, to 5,738.17, and the Nasdaq Composite declined 70.70 points, or 0.39 per cent, to 18,119.59.

The GIFT Nifty is trading lower, signaling a negative opening for the day. Nifty futures are currently trading at 26,459.15.

Oil prices rose slightly on Monday as worries grew about possible supply disruptions from the Middle East after Israel intensified attacks on Iranian-backed forces.

Brent crude futures for November rose by 16 cents, or 0.22 per cent, to $72.14 a barrel. The December contract, which is more actively traded, increased by 10 cents, or 0.14 per cent, to $71.64. U.S. West Texas Intermediate crude futures went up 8 cents, or 0.12 per cent, to $68.26 a barrel.

On September 27, 2024, foreign institutional investors (FII) sold shares worth Rs 1,209 crore, while domestic institutional investors (DII) bought shares worth Rs 6,886 crore.

As of September 30, 2024, no stocks are under the F&O segment trading ban.

Disclaimer: The article is for informational purposes only and not investment advice.