Market wrap: Benchmark indices close on a negative note with Nifty Media among the top gainers!

On Friday, Benchmark indices concluded the trading day on a negative note as Sensex declined by 0.07 per cent and closed at 81,709.12 level, while Nifty plunged by 0.12 per cent and closed at 24,677.80 level.

Market Update at 3:55 PM: On Friday, Benchmark indices concluded the trading day on a negative note as Sensex declined by 0.07 per cent and closed at 81,709.12 level, while Nifty plunged by 0.12 per cent and closed at 24,677.80 level. Whereas the Broader market experienced gains as Nifty Midcap closed higher by 0.45 per cent, while Nifty Smallcap gained by 0.82 per cent.

Market volatility, as indicated by India VIX, has declined by 2.67 per cent and is trading around the level of 14 reflecting a slight decrease in market volatility.

Within the sectoral landscape, Nifty Metal, Nifty Auto and Nifty PSU Bank were among the top gainers, while Nifty Media, Nifty IT and Nifty Bank were the major sectors which underperformed.

Tata Motors, Bajaj Auto and Axis Bank were among the top gainers while on the other hand Adani Ports, Cipla and Bharti Airtel were among the top losers.

About 1439 stocks were advancing as against to 919 that were declining, thus indicating a positive sentiment in the broader market.

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Market Update at 12:45 PM: In the current trading session benchmark indices are trading positively with Sensex trading marginally higher by 0.08 per cent while Nifty also slightly gained by 0.01 per cent. Similarly, in the broader indices Nifty Midcap has surged by 0.41 per cent, while Nifty Smallcap has soared by 0.63 per cent.

India VIX has declined by 2.93 per cent and is trading around the mark of 14.10 indicating a slight decrease in market volatility.

European markets are expected to open lower on Friday, as investors in the region digest the latest political developments in France. European futures DAX and CAC are trading higher by 0.16 per cent and 0.31 per cent while FTSE trades lower by 0.12 per cent.

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

Bajaj Auto, Axis Bank and Maruti are among the top gainers within the Nifty 50 while, Cipla, HDFC Life and Infosys are among the top losers.

About 1539 stocks are advancing as against to 813 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 9:40 AM: On Friday, Indian markets opened on a negative note, with both Nifty and Sensex showing negative movement. Nifty Auto led the gains, while Nifty Media was the biggest laggard.

As of now, the Sensex is down by 0.06 per cent, hovering around 81,750 mark, and Nifty is down by 0.01 per cent, trading near 24,700 level. Whereas, in the broader market, the Nifty Midcap surged by 0.18 per cent to approximately 58,540 mark, and the Nifty Smallcap gained by 0.31 per cent, trading near 19,390 level.

India VIX surged by 2.77 per cent and is trading at 14.56, indicating a slight increase in market volatility.

Within the sectoral landscape Nifty Auto, Nifty FMCG and Nifty Metal are among the Top Gainers while Nifty Media, Nifty Realty and Nifty IT are the sectors which are underperforming.

Bajaj Auto, Eicher Motors, and Power Grid Corporation are among the top gainers within the Nifty 50 while TCS, Tata Motors, and HDFC Bank are among the Top Losers.

About 1507 stocks are advancing as against to 724 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 8:00 AM: U.S. stocks saw slight declines but remained close to record levels ahead of a key jobs report. This pullback followed a day of record-high closes for the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite, buoyed by optimistic comments from Federal Reserve Chair Jerome Powell.

The Dow fell 0.55 per cent to 44,765, the S&P 500 dropped 0.19 per cent to 6,075, and the Nasdaq slipped 0.18 per cent to 19,700. Meanwhile, Treasury yields showed minimal movement in early Friday trading, reflecting cautious market sentiment.

The GIFT Nifty is trading slightly higher, suggesting a flat to mildly positive opening for the markets. Nifty futures are currently at 24,794.

Oil prices edged lower during early Asian trading on Friday, as concerns over weak demand weighed on the market. This followed OPEC+ postponing planned supply increases and extending significant production cuts through the end of 2026.

On December 5, 2024, foreign institutional investors (FII) bought shares worth Rs 8,539.91 crore, while domestic institutional investors (DII) sold shares worth Rs 2,303.64 crore.

Stocks that are banned for trading in the F&O segment on December 06, 2024, are Granules India and Manappuram Finance.

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