Market Wrap: Benchmark indices close on a negative note with Nifty Metal and Nifty PSU Bank among top losers!

Sensex closed down by 0.09 per cent at 78,472.87, while Nifty closed down by 0.11 per cent and closed at 23,727.65 level.

Market Update at 3:50 PM: On Tuesday, Benchmark indices concluded the trading day on a negative note as Sensex closed down by 0.09 per cent at 78,472.87, while Nifty closed down by 0.11 per cent and closed at 23,727.65 level. However, the Broader market, Nifty Midcap closed lower by 0.06 per cent at 57,057.90, while Nifty Smallcap closed higher by 0.24 per cent and closed at 18,732.65.

Market volatility, as indicated by India VIX, declined by 2.51 per cent and is trading at the level of 13.18 reflecting a fall in market volatility.

Within the sectoral landscape, Nifty Auto, Nifty FMCG, and Nifty MID SELECT sector emerged as Top Gainers, while Nifty Metal, Nifty PSU Bank and Nifty IT sector underperformed.

TATAMOTORS, ADANIENT and BPCL were among the top gainers while on the other hand POWERGRID, JSWSTEEL and SBILIFE were among the Top Losers.

About 1,163 stocks were advancing as against to 1,203 that were declining, thus indicating a negative sentiment in the broader market.

Market Update at 12:30 PM: During the ongoing trading session, benchmark indices are showing a positive trend, with the Sensex up by 0.12 per cent and the Nifty up by 0.11 per cent. However, in the broader market, the Nifty Midcap declined by 0.05 per cent, while the Nifty Smallcap rose by 0.10 per cent.

India VIX declined by 2.14 per cent and is trading around the mark of 13.23, indicating a fall in market volatility.

In the sectoral landscape Nifty Auto, Nifty FMCG and Nifty Realty emerged as top gainers, Nifty Metal, Nifty PSU Bank and Nifty Bank sectors are underperforming.

Top gainers in individual stocks are TATAMOTORS, TRENT, and ADANIENT while, TATASTEEL, JSWSTEEL and INDUSINDBK is among the top losers in the Nifty 50.

The broader market sentiment is positive, with 1,260 stocks advancing compared to 1,111 stocks declining.

Market Update at 9:40 AM: On Tuesday, markets opened on a positive note, with both Nifty and Sensex showing positive movement. Nifty Auto index led the gains, while Nifty Metal index lagged behind.

As of now, the Sensex is down by 0.12 per cent, hovering around 78,440, and Nifty is down by 0.11 per cent, trading near 23,725. However, in the broader market, the Nifty Midcap declined about 0.29 per cent to about 56,930, and the Nifty Smallcap is down by 0.17 per cent, trading near 18,650.

India VIX is up by 0.15 per cent, trading at 13.54, indicating a slight rise in market volatility.

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

TATAMOTORS, TCS and ADANIENT are among the top gainers within the Nifty 50 while JSWSTEEL, TATASTEEL, and SHRIRAMFIN are among the Top Losers.

About 1,213 stocks are advancing as against to 1,060 stocks that are declining, thus indicating a positive sentiment in the broader market.

Pre-Market Update at 7:45 AM: Wall Street's major indexes closed higher on Monday, with the Dow Jones Industrial Average and Nasdaq Composite marking their third consecutive day of gains. The rise was supported by the performance of several leading tech stocks, often referred to as the "Magnificent Seven," on a day of lighter trading due to the holiday.

The S&P 500 increased by 43.22 points, or 0.73 per cent, to reach 5,974.07, while the Nasdaq Composite added 192.29 points, or 0.98 per cent, finishing at 19,764.89. The Dow Jones Industrial Average was up by 66.69 points, or 0.16 per cent, closing at 42,906.95.

The GIFT Nifty is indicating a muted start for the day. Nifty futures were trading at 23,767.00.

The U.S. 10-year Treasury yield stands at 4.581 per cent, while the 2-year bond yield at 4.337 per cent.

Brent crude neared $73, and WTI hit $69.5 on Tuesday, supported by strong US data and rising Indian imports. Gains were limited by oversupply concerns, a strong dollar, and China’s oil demand peak forecast by 2027.

On December 23 2024, foreign institutional investors (FII) sold shares worth Rs 168 crore, while domestic institutional investors (DII) bought shares worth Rs 2,227 crore.

Stocks that are banned for trading in the F&O segment on December 24, 2024, are BANDHANBNK, GRANULES, HINDCOPPER, MANAPPURAM, RBLBANK.

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