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

Sensex closed down by 0.57 per cent and closed at 78,248.14, while Nifty closed down by 0.71 per cent and closed at 23,644.90 level.

Market Update at 3:50 PM: On Monday, Benchmark indices concluded the trading day on a negative note as Sensex closed down by 0.57 per cent and closed at 78,248.14, while Nifty closed down by 0.71 per cent and closed at 23,644.90 level. However, the Broader market, Nifty Midcap closed higher by 0.37 per cent at 57,189.75, while Nifty Smallcap closed lower by 0.62 per cent and closed at 18,639.95.

Market volatility, as indicated by India VIX, rose by 5.51 per cent and is trading at the level of 13.97 reflecting a rise in market volatility.

Within the sectoral landscape, Nifty MID SELECT, Nifty Pharma, and Nifty IT sector emerged as Top Gainers, while Nifty Realty, Nifty Media and Nifty Auto sector underperformed.

ADANIPORTS, M&M and SBILIFE were among the top gainers while on the other hand ASIANPAINT, JSWSTEEL and TITAN were among the Top Losers.

About 681 stocks were advancing as against to 1,731 that were declining, thus indicating a negative sentiment in the broader market.

Market Update at 9:45 AM: On Monday, markets opened on a negative note, with both Nifty and Sensex showing negative movement. Nifty Realty index led the gains, while Nifty IT index lagged behind.

As of now, the Sensex is down by 0.28 per cent, hovering around 78,470, and Nifty is down by 0.31 per cent, trading near 23,740. However, in the broader market, the Nifty Midcap increased about 0.12 per cent to about 56,920, and the Nifty Smallcap is down by 0.09 per cent, trading near 18,740.

India VIX is up by 2.87 per cent, trading at 13.62, indicating a rise in market volatility.

Within the sectoral landscape Nifty Realty, Nifty Pharma and Nifty PSU Bank sector is among the Top Gainers while Nifty IT, Nifty Auto, and Nifty Media sector is underperforming.

ADANIENT, ADANIPORTS and SHRIRAMFIN are among the top gainers within the Nifty 50 while INFY, WIPRO, and TRENT are among the Top Losers.

About 899 stocks are advancing as against to 1,417 stocks that are declining, thus indicating a negative sentiment in the broader market.

Pre-Market Update at 8:15 AM: On Friday, Wall Street ended in the red as technology stocks faced significant selling pressure. The Dow Jones, S&P 500, and Nasdaq Composite recorded declines ranging from 0.8 per cent to 1.5 per cent. However, despite these daily setbacks, all three indices managed to achieve weekly gains of up to 0.8 per cent.

The GIFT Nifty is indicating a muted start for the day. Nifty futures were trading at 23,992.65.

The U.S. 10-year Treasury yield stands at 4.627 per cent, while the 2-year bond yield at 4.328 per cent.

Brent crude traded near $73.8 and WTI at $70.5 on Monday in light trading, as focus shifted to a potential 2025 oversupply. Weak Chinese demand and policy shifts, including Trump’s proposed tariffs and Iran sanctions, added pressure. Crude prices stayed in a narrow range since October, heading for an annual decline.

On December 27 2024, foreign institutional investors (FII) sold shares worth Rs 1,323 crore, while domestic institutional investors (DII) bought shares worth Rs 2,544 crore.

As of December 30, 2024, no stocks are under the F&O segment trading ban.

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