Market Wrap: Benchmark indices close on a negative note with Nifty Media and Nifty MID SELECT among the top losers!

Sensex closed lower by 0.09 per cent and closed at 81,151.28, while Nifty closed lower by 0.29 per cent and closed at 24,781.10 level.

Market Update at 3:40 PM: On Monday, Benchmark indices concluded the trading day on a negative note as Sensex closed lower by 0.09 per cent and closed at 81,151.28, while Nifty closed lower by 0.29 per cent and closed at 24,781.10 level. Similarly, the Broader market, Nifty Midcap closed lower by 1.66 per cent at 57,677.70, while Nifty Smallcap closed lower by 1.47 per cent and closed at 18,797.40.

Market volatility, as indicated by India VIX, rose by 5.52 per cent and is trading at the level of 13.76 reflecting a fall in market volatility.

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

BAJAJ-AUTO, HDFCBANK, and ASIANPAINT were among the top gainers while on the other hand TATACONSUM, KOTAKBANK, and BAJAJFINSV were among the Top Losers.

About 478 stocks were advancing as against to 1893 that were declining, thus indicating a negative sentiment in the broader market.

Market Update at 12:50 PM: In the current trading session benchmark indices are trading negative, with Sensex trading lower by 0.24 per cent while Nifty trading lower by 0.43 per cent. Similarly, in the broader indices Nifty Midcap down by 0.81 per cent, while Nifty Smallcap down by 1.22 per cent.

India VIX rose by 7.29 per cent and is trading around the mark of 13.99 indicating a rise in market volatility.

European markets are heading toward a mixed start to the new trading week; European Futures; DAX (-0.30 per cent); CAC (-0.42 per cent); FTSE (-0.02 per cent).

Within the sectoral landscape no sector is among the top gainers while Nifty Media, Nifty Metal, and Nifty MID SELECT are the sectors which are underperforming.

BAJAJ-AUTO, HDFCBANK, and ASIANPAINT are among the top gainers within the Nifty 50 while, TATACONSUM, KOTAKBANK, and INDUSINDBK are among the top losers.

About 521 stocks are advancing as against to 1,866 stocks that are declining, thus indicating a negative sentiment in the broader market.

Market Update at 9:35 AM: On Monday, Indian markets opened on a positive note, with both Nifty and Sensex showing positive movement. Nifty Fin Service led the gains and Nifty Media was the biggest laggard.

As of now, the Sensex is up by 0.02 per cent, hovering around 81,240, and Nifty is down by 0.14 per cent, trading near 24,820. Similarly, in the broader market, the Nifty Midcap declined about 0.17 per cent to about 58,550, and the Nifty Smallcap is down by 0.46 per cent, trading near 18,990.

India VIX rose by 0.44 per cent and is trading at 13.87, indicating a slight rise in market volatility.

Within the sectoral landscape Nifty Fin Service and Nifty Bank are among the top gainers while Nifty Media, Nifty Auto and Nifty FMCG are underperforming.

HDFCBANK, TECHM, and HDFCLIFE are among the top gainers within the Nifty 50 while TATACONSUM, KOTAKBANK, and BPCL are among the top losers.

About 738 stocks are advancing as against to 1,555 stocks that are declining, thus indicating a negative sentiment in the broader market.

Pre-Market Update at 8:30 AM: The Dow Jones and S&P 500 hit record highs on Friday, while the Nasdaq also gained, driven by a surge in Netflix shares and a broader rise in tech stocks.

The S&P 500 added 23.20 points (0.40 per cent) to 5,864.67, the Nasdaq climbed 115.94 points (0.63 per cent) to 18,489.55, and the Dow rose 36.86 points (0.09 per cent) to 43,275.91.

The GIFT Nifty is trading slightly positive, indicating a flat or positive start for the day. Nifty futures were trading at 25,089.55.

The U.S. 10-year Treasury yield stands at 4.08 per cent, while the 2-year bond yield at 3.95 per cent.

Oil prices steadied on Monday after steep losses last week, with traders focusing on demand cues and potential disruptions in the Middle East. Prices dropped over 7 per cent last week amid weak signals from China, leading OPEC and the IEA to lower demand forecasts.

Brent crude rose 0.2 per cent to $73.21 a barrel, and WTI futures gained 0.3 per cent to $68.90.

On October 18 2024, foreign institutional investors (FII) sold shares worth Rs 5,485 crore, while domestic institutional investors (DII) bought shares worth Rs 5,214 crore.

Stocks that are banned for trading in the F&O segment on October 21, 2024, are AARTIIND, BANDHANBNK, BSOFT, CHAMBLFERT, GNFC, GRANULES, HINDCOPPER, IDFCFIRSTB, IEX, LTF, NATIONALUM, PNB, SAIL, TATACHEM.

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