Market Wrap: Benchmark indices close on a negative note with Nifty FMCG and Nifty PSU Bank among top losers!
Sensex closed lower by 0.14 per cent and closed at 77,580.31, while Nifty closed lower by 0.11 per cent and closed at 23,532.70 level.
Market Update at 3:35 PM: On Thursday, Benchmark indices concluded the trading day on a negative note as Sensex closed lower by 0.14 per cent and closed at 77,580.31, while Nifty closed lower by 0.11 per cent and closed at 23,532.70 level. However, the Broader market, Nifty Midcap closed higher by 0.45 per cent at 54,043.10, while Nifty Smallcap closed higher by 0.81 per cent and closed at 17,601.05.
Market volatility, as indicated by India VIX, declined by 4.27 per cent and is trading at the level of 14.78 reflecting a fall in market volatility.
Within the sectoral landscape, Nifty Media, Nifty Realty and Nifty Auto emerged as Top Gainers, while Nifty FMCG, Nifty PSU Bank, and Nifty Pharma sector underperformed.
EICHERMOT, HERMOTOCO, and HDFCLIFE were among the top gainers while on the other hand HINDUNILVR, TATACONSUM, and BRITANNIA were among the Top Losers.
About 1,293 stocks were advancing as against to 1,088 that were declining, thus indicating a positive sentiment in the broader market.
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Market Update at 11:50 AM: During the ongoing trading session, benchmark indices are showing a negative trend, with the Sensex down by 0.25 per cent and the Nifty down by 0.23 per cent. However, in the broader market, the Nifty Midcap up by 0.47 per cent, while the Nifty Smallcap rising by 0.75 per cent.
India VIX declined by 2.83 per cent and is trading around the mark of 15.07, indicating a fall in market volatility.
In the sectoral landscape Nifty Media, Nifty Realty and Nifty Auto emerged as top gainers, while Nifty FMCG, Nifty PSU Bank, and Nifty Pharma sectors are underperforming.
Top gainers in individual stocks are EICHERMOT, HEROMOTOCO, and RELIANCE while, BPCL, HINDUNILVR and ITC are among the top losers in the Nifty 50.
The broader market sentiment is positive, with 1,317 stocks advancing compared to 1,041 stocks declining.
Market Update at 9:45 AM: On Thursday, markets opened on a negative note, with both Nifty and Sensex showing negative movement. Nifty Media led the gains and Nifty FMCG was the biggest laggard.
As of now, the Sensex is up by 0.17 per cent, hovering around 77,830, and Nifty is up by 0.12 per cent, trading near 23,590. However, in the broader market, the Nifty Midcap rose about 0.40 per cent to about 54,020, and the Nifty Smallcap is up by 0.59 per cent, trading near 17,560.
India VIX down by 0.45 per cent and is trading at 15.37, indicating a slight fall in market volatility.
Within the sectoral landscape Nifty Media, Nifty Bank and Nifty Fin Service sector is among the Top Gainers while Nifty Auto and Nifty FMCG is underperforming.
EICHERMOT, HCLTECH, and HDFCBANK are among the top gainers within the Nifty 50 while SHRIRAMFIN, ULTRACEMCO, and M&M are among the Top Losers.
About 1,300 stocks are advancing as against to 960 stocks that are declining, thus indicating a positive sentiment in the broader market.
Pre-Market Update at 8:00 AM: The Dow and S&P 500 closed slightly higher on Wednesday, while the Nasdaq fell.
October's consumer price index (CPI) rose 0.2 per cent, matching expectations and fueling hopes for a December rate cut by the U.S. Federal Reserve. Annually, CPI was up 2.6 per cent. Excluding food and energy, it rose 0.3 per cent as forecasted.
The Dow gained 47.21 points (0.11 per cent) to 43,958.19, the S&P 500 inched up 1.39 points (0.02 per cent) to 5,985.38, and the Nasdaq dropped 50.66 points (0.26 per cent) to 19,230.74.
The GIFT Nifty is trading flat, indicating a muted start for the day. Nifty futures were trading at 23,690.10.
The U.S. 10-year Treasury yield stands at 4.473 per cent, while the 2-year bond yield at 4.313 per cent.
Brent crude fell to $72 per barrel and WTI to $68 on Thursday after a brief rebound. Prices were pressured by the EIA’s higher 2024 output forecast of 102.6 million bpd and OPEC’s lowered demand outlook, citing slower growth in China. Reports of Lebanon awaiting US ceasefire proposals eased Middle East tensions, while a stronger US dollar added pressure.
On November 13 2024, foreign institutional investors (FII) sold shares worth Rs 2,502 crore, while domestic institutional investors (DII) bought shares worth Rs 6,145 crore.
Stocks that are banned for trading in the F&O segment on November 14, 2024, are AARTIIND, ABFRL, GNFC, GRANULES, HINDCOPPER.
Disclaimer: The article is for informational purposes only and not investment advice.