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

On Friday, Benchmark indices concluded trading day on a positive note as Sensex declined by 0.35 per cent and closed at 77,209.90 level, while Nifty plunged by 0.28 per cent closed at 23,501.10 level.

Market Update at 3:35 PM: On Friday, Benchmark indices concluded trading day on a positive note as Sensex declined by 0.35 per cent and closed at 77,209.90 level, while Nifty plunged by 0.47 per cent closed at 23,501.10 level. Similarly, the Broader market also experienced losses as Nifty Midcap closed lower by 0.18 per cent, while Nifty Smallcap plunged by 0.24 per cent.

Market volatility, as indicated by India VIX, has declined by 1.03 per cent and is trading around the level of 13 reflecting a decrease in market volatility.

Within the sectoral landscape, Nifty Media, Nifty IT and Nifty Metal were among the top gainers, while Nifty FMCG, Nifty PSU Bank and Nifty Realty were among the top losers.

Bharti Airtel, LTIMindtree and Hindalco were among the top gainers while on the other hand Ultratech Cement, Adani Enterprises and BPCL were among the top losers.

About 984 stocks were advancing as against to 1307 that were declining, thus indicating a negative sentiment in the broader market.

Market Update at 2:00 PM: In the current trading session benchmark indices trade on a negative note with the Sensex trading lower by 0.21 per cent, while Nifty marginally declined by 0.13 per cent. Whereas, in the broader indices Nifty Midcap has surged by 0.27 per cent, while Nifty Smallcap has gained by 0.38 per cent.

India VIX is currently trading lower by 1.03 per cent and is trading around the level of 13 indicating slight decrease in market volatility.

Within the sectoral landscape, Nifty Media, Nifty IT and Nifty Metal are among the top gainers while Nifty PSU Bank, Nifty FMCG and Nifty Realty are among the major sectors which are underperforming.

LTIMindtree, Bharti Airtel and Hindalco are among the top gainers while Hindustan Unilever, Ultratech Cement and Tata Motors are among the top losing stocks from the Nifty 50.

About 1176 stocks are advancing as against 1110 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 12:35 PM: In the current trading session benchmark indices trade on a negative note as Sensex has moderately declined by 0.3 per cent, while Nifty has slightly plunged by 0.21 per cent. Whereas, in the broader indices Nifty Midcap has gained by 0.33 per cent, while Nifty Smallcap has soared by 0.32 per cent.

India VIX is has declined by 1.2 per cent and is trading around the mark of 13 indicating slight decrease in market volatility.

European stocks are poised for a cautiously lower opening on Friday as investors keep a close eye on numerous central bank decisions and upcoming data releases. European futures DAX, CAC and FTSE trade lower by 0.08 per cent, 0.09 per cent and 0.27 per cent respectively.

Within the sectoral landscape Nifty Media, Nifty IT and Nifty Pharma are among the top gainers while Nifty FMCG, Nifty PSU Bank and Nifty Realty are among the top losers.

Bharti Airtel, LTIMindtree and Hindalco are among the top gainers within the Nifty 50 while, Hindustan Unilever, Adani Enterprises and Bajaj Finance are among the top losers.

About 1195 stocks are advancing as against to 1082 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 11:10 AM: In the ongoing trading session, Benchmark indices are trading on a negative note with Sensex trading lower by 0.35 per cent, while Nifty plunged by 0.22 per cent. Similarly, in the broader indices Nifty Midcap experience gains of 0.24 per cent, while Nifty Smallcap has surged by 0.27 per cent.

India VIX is has marginally declined by 0.19 per cent and is trading around the mark of 13, indicating slight decrease in market volatility.

Within the sectoral landscape, Nifty IT, Nifty Media and Nifty Pharma are among the top gainers while Nifty FMCG Nifty Financial Services and Nifty Bank are among the top losers.

Top gainers in individual stocks are LTIMindtree, Bharti Airtel and Hero Motocorp whereas Hindustan Unilever, Bajaj Finance and Ultratech Cement are among the top losers in the Nifty 50.

The broader market sentiment is positive, with 1184 stocks advancing compared to 1085 stocks declining.

Market Update at 9:40 AM: On Friday, Indian markets started the trading day on a positive note with Nifty making new highs, while in the broader indices, Nifty Midcap 100 and Nifty Smallcap 100 also traded at their all-time highs. Furthermore, Nifty IT was among the top gainers while Nifty Realty was the biggest loser.

Sensex is trading moderately higher by 0.25 per cent, while Nifty is also trading higher by 0.26 per cent and making a new high of 23,667.10 level.  Similarly, in the broader indices Nifty Midcap opened higher by 0.58 per cent and reached its all-time high of 55,825.65 level, while Nifty Smallcap has also surged by 0.62 per cent and recorded a new high of 18,396.35 level.

India VIX has marginally surged by 0.36 per cent and is trading above the mark of 13, indicating slight increase in market volatility.

Within the sectoral landscape Nifty IT, Nifty Media and Nifty Pharma were among the top gainers while Nifty Realty, Nifty FMCG and Nifty Bank are the major sectors which are trading negatively.

LTIMindtree, Infosys and Tech Mahindra are among the top gainers within the Nifty 50 while Tata Steel, HDFC Bank and Hindustan Unilever are among the top losers.

About 1528 stocks are advancing as against to 625 stocks that are declining, thus indicating a positive sentiment in the broader market.

Pre-Market Update at 8:30 AM: Wall Street shares retreated from record highs reached early Thursday, influenced by rallying overseas markets and rising Treasury yields, which shrugged off weak U.S. data in anticipation of new supply next week.

The Dow Jones rose by 0.77 per cent to close at 39,134.96, while the S&P 500 slipped by 0.25 per cent to 5,473.22. The Nasdaq Composite fell by 0.79 per cent to end at 17,721.59.

In early Friday trading, the 10-year U.S. Treasury yield climbed 26 basis points to 4.26 per cent, and the 2-year Treasury yield increased by 13 basis points to 4.74 per cent.

The GIFT Nifty indicates a negative start for the Indian Benchmark indices, with a slight decline of 0.1 per cent or 24 points. Nifty futures are currently trading near the 23,597.90 mark.

Oil prices steadied on Friday after reaching seven-week highs earlier in the week.

Brent crude futures edged down 0.1 per cent to USD 85.59 per barrel, and U.S. crude also decreased by 0.1 per cent to USD 81.19 per barrel.

On June 20, 2024, foreign institutional investors (FII) purchased shares worth Rs 415.30 crore, while domestic institutional investors (DII) offloaded shares worth Rs 325.81 crore.

Stocks that are banned for trading in the F&O segment on June 21, 2024, are BALRAMCHIN, BSOFT, GNFC, HAL, HINDCOPPER, INDUSTOWER and PEL.