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

Sensex closed lower by 0.25 per cent and closed at 81,508.46, while Nifty closed lower by 0.24 per cent and closed at 24,619 level.

Market Update at 3:35 PM: On Monday, Benchmark indices concluded the trading day on a negative note as Sensex closed lower by 0.25 per cent and closed at 81,508.46, while Nifty closed lower by 0.24 per cent and closed at 24,619 level. However, the Broader market, Nifty Midcap closed higher by 0.50 per cent at 58,998.75, while Nifty Smallcap closed higher by 0.19 per cent and closed at 19,528.60.

Market volatility, as indicated by India VIX, declined by 0.21 per cent and is trading at the level of 14.11 reflecting a slight fall in market volatility.

Within the sectoral landscape, Nifty Metal, Nifty Realty and Nifty IT emerged as Top Gainers, while Nifty FMCG, Nifty Media and Nifty Auto sector underperformed.

WIPRO, LT, and SBILIFE were among the top gainers while on the other hand TATACONSUM, HINDUNILVR and TATAMOTORS were among the Top Losers.

About 1,272 stocks were advancing as against to 1,138 that were declining, thus indicating a positive sentiment in the broader market.

Market Update at 2:00 PM: During the ongoing trading session, benchmark indices are showing a negative trend, with the Sensex down by 0.22 per cent and the Nifty down by 0.24 per cent. However, in the broader market, the Nifty Midcap rose by 0.34 per cent, while the Nifty Smallcap rose by 0.07 per cent.

India VIX declined by 0.71 per cent and is trading around the mark of 14.04, indicating a slight fall in market volatility.

In the sectoral landscape Nifty Realty, Nifty Fin Service and Nifty Metal emerged as top gainers, Nifty FMCG, Nifty Media and Nifty Auto sectors are underperforming.

Top gainers in individual stocks are LT, SBILIFE, and KOTAKBANK while, TATACONSUM, HINDUNILVR and NESTLEIND is among the top losers in the Nifty 50.

The broader market sentiment is positive, with 1,256 stocks advancing compared to 1,131 stocks declining.

Market Update at 10:30 AM: On Monday, markets opened on a positive note, with both Nifty and Sensex showing positive movement. The Nifty MID SELECT index led the gains, while Nifty FMCG index lagged behind.

As of now, the Sensex is down by 0.30 per cent, hovering around 81,460, and Nifty is down by 0.33 per cent, trading near 24,600. Similarly, in the broader market, the Nifty Midcap rose about 0.47 per cent to about 58,970, and the Nifty Smallcap is up by 0.20 per cent, trading near 19,530.

India VIX is up by 2.19 per cent, trading at 14.45, indicating rise in market volatility.

Within the sectoral landscape Nifty MID SELECT, Nifty Realty, and Nifty Fin Service sector is among the Top Gainers while Nifty FMCG, Nifty Media, Nifty Metal sector is underperforming.

LT, SBILIFE, and HDFCLIFE are among the top gainers within the Nifty 50 while HINDUNILVR, TATACONSUM, and NESTLEIND are among the Top Losers.

About 1,440 stocks are advancing as against to 938 stocks that are declining, thus indicating a positive sentiment in the broader market.

Pre-Market Update at 8:45 AM: On Friday, the Dow Jones Industrial Average closed with a decline of 0.28 per cent, while the S&P 500 edged up by 0.25 per cent. The Nasdaq Composite saw a stronger gain, ending 0.81 per cent higher.

The GIFT Nifty is trading flat, indicating a muted start for the day. Nifty futures were trading at 24,783.25.

The U.S. 10-year Treasury yield stands at 4.145 per cent, while the 2-year bond yield at 4.102 per cent.

Brent crude rose to $71.4 per barrel, and WTI reached $67.4 on Monday, driven by Middle East tensions after Syria’s President Assad was ousted. Saudi Aramco cut January 2025 prices for Asia to a near four-year low amid weak Chinese demand. OPEC+ delayed output hikes to April, while rising U.S. rig activity signaled higher crude supply, adding pressure to prices.

On December 6 2024, foreign institutional investors (FII) sold shares worth Rs 1,830 crore, while domestic institutional investors (DII) bought shares worth Rs 1,659 crore.

Stocks that are banned for trading in the F&O segment on December 9, 2024, are GRANULES, MANAPPURAM, PVRINOX, RBLBANK.

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