Market Wrap: Benchmark indices close on a negative note with Nifty Realty among the top losers!
On Thursday, Benchmark indices concluded the trading day on a negative note as Sensex declined by 0.18 per cent and closed at 82,201.16, while Nifty declined by 0.21 per cent and closed at 25,145.10 level.
Market Wrap: Benchmark indices close on a negative note with Nifty Realty among the Top Losers!
Market Update at 3:40 PM: On Thursday, Benchmark indices concluded the trading day on a negative note as Sensex declined by 0.18 per cent and closed at 82,201.16, while Nifty declined by 0.21 per cent and closed at 25,145.10 level. However, the Broader market, Nifty Midcap closed higher by 0.38 per cent at 59,448.50, while Nifty Smallcap surged by 1.03 per cent and closed at 19,520.95.
Market volatility, as indicated by India VIX, has declined by 1.18 per cent and is trading at the level of 14.21 reflecting a decrease in market volatility.
Within the sectoral landscape, Nifty Media, Nifty IT and Nifty MID SELECT were among the Top Gainers, while Nifty Realty, Nifty Energy and Nifty Auto are the sectors which underperformed.
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TITAN, LTIM, and WIPRO were among the top gainers while on the other hand CIPLA, RELIANCE, DRREDDY were among the top losers.
About 1,373 stocks were advancing as against to 985 that were declining, thus indicating a negative sentiment in the broader market.
Market Update at 12:35 PM: In the current trading session benchmark indices have declined with Sensex trading lower by 0.12 per cent while Nifty trading lower by 0.10 per cent. However, in the broader indices Nifty Midcap has surged by 0.43 per cent, while Nifty Smallcap gained 1.16 per cent.
India VIX has declined by 1.11 per cent and is trading around the mark of 14.22 indicating a decrease in market volatility.
European stock markets are heading for a lower open Thursday, continuing a negative run after closing last week at a record high; European Futures; DAX (-0.43 per cent); CAC (-0.42 per cent); FTSE (-0.20 per cent)
Within the sectoral landscape Nifty Media, Nifty Pharma and Nifty MID SELECT are among the top gainers while Nifty Realty and Nifty IT are the sectors which are underperforming.
TITAN, HEROMOTOCO and DIVISLAB are among the top gainers within the Nifty 50 while, BRITANNIA, NESTLEIND and HCLTECH are among the top losers.
About 1,574 stocks are advancing as against to 759 stocks that are declining, thus indicating a positive sentiment in the broader market.
Market Update at 11:15 AM: In the ongoing trading session, Benchmark indices are trading on a negative note with Sensex trading lower by 0.13 per cent, while Nifty trading lower by 0.10 per cent. However, in the broader indices Nifty Midcap experience a gain of 0.40 per cent, while Nifty Smallcap has surged by 1.11 per cent.
India VIX is has slightly declined by 0.83 per cent and is trading around the mark of 14.25, indicating a slight decrease in market volatility.
In the sectoral landscape, Nifty Media, Nifty Pharma and Nifty Metal emerged as the top gainers, while Nifty Realty, Nifty Auto, and Nifty IT are underperforming.
Top gainers in individual stocks are TITAN, APOLLOHOSP, and BPCL while, BAJFINANCE, NESTLEIND, and BAJAJFINSV are among the top losers in the Nifty 50.
The broader market sentiment is positive, with 1,560 stocks advancing compared to 741 stocks declining.
Market Update at 9:40 AM: On Thursday, Indian markets opened on a positive note, with Nifty and Sensex experiencing gains while, the Broader indices also displayed positive performance. Nifty Metal emerged as the top gainer, while Nifty Pharma and Nifty Realty are flat.
The Sensex is up by 0.15 per cent trading at 82,479 while the Nifty is also up by 0.15 per cent and is trading at 25,237. Whereas, in the broader, the Nifty Midcap surged by 0.40 per cent trading at 59,463 while the Nifty Smallcap surged by 0.67 per cent trading at 19,451.
India VIX has slightly declined by 1.25 per cent and is trading at 14.20, indicating a slight decrease in market volatility.
Within the sectoral landscape only Nifty Metal, Nifty Bank and Nifty MID SELECT are among the top gainers while Nifty Realty and Nifty Pharma are the sectors which are flat.
ULTRACEMCO, SHRIRAMFIN and ITC are among the top gainers within the Nifty 50 while HDFCLIFE, HEROMOTOCO and NESTLEIND are among the top losers.
About 1,826 stocks are advancing as against to 333 stocks that are declining, thus indicating a positive sentiment in the broader market.
Pre-Market Update at 8:30 AM: The S&P 500 fell by 0.2 percent, and the Nasdaq Composite dropped 0.3 per cent. The Dow Jones closed slightly below break-even. Nvidia dropped another 1.7 per cent on Wednesday, marking its biggest two-day decline since November 2022.
The US 10-year Treasury yield rose by 20 basis points to 3.76 per cent, and the US 2-year bond yield increased by 33 basis points to 3.76 per cent.
The GIFT Nifty is trading up, signaling a positive start for the day. Nifty futures were at 25,251.
Oil tried to stabilize in early Thursday trading after a sell-off overnight, as traders dealt with weak demand and the possibility of a supply delay next month.
Brent crude futures dropped 88 cents, or 1.2 per cent, to $72.87. US West Texas Intermediate crude futures fell 90 cents, or 1.28 per cent, to $69.44.
On September 04, 2024, foreign institutional investors (FII) bought shares worth Rs 975 crore, while domestic institutional investors (DII) bought shares worth Rs 97 crore.
Stocks that are banned for trading in the F&O segment on September 04, 2024, are ABFRL, BALRAMCHIN, RBLBANK and HINDCOPPER.
Disclaimer: The article is for informational purposes only and not investment advice.