Market Wrap: Benchmark indices close on a positive note!

Sensex and Nifty closed the session with marginal gains, showing a rise of 0.21 per cent and 0.16 per cent respectively.

Market Update at 3:55 PM: Sensex and Nifty closed the session with marginal gains, showing a rise of 0.21 per cent and 0.16 per cent respectively.

In a similar trend, the Nifty Midcap registered a slight uptick of 0.08 per cent, while the Nifty Smallcap showed stronger growth, closing higher by 0.57 per cent.

The India VIX experienced a notable surge of 1 per cent.

Among the notable gainers were Nifty Auto, Nifty Media, and Nifty Realty sectors, while Nifty Metal, Nifty Financial Services, and Nifty Bank sectors faced losses.

Within the Nifty 50, Ultra Cement, Apollo Hospitals, and NTPC stood as top gainers, whereas Hindalco, Tata Steel, and Adani Ports were the major losers.

The market breadth leaned towards negativity, with 667 stocks advancing and 1298 stocks declining, pointing to an overall downbeat sentiment in the broader market.

Market Update at 2:35 PM: In the latest market developments, both the Sensex and Nifty indices have shown mixed movement. Within the Nifty spectrum, the Nifty Midcap has recorded a minor decline of 0.02 per cent, while the Nifty Smallcap has demonstrated a more substantial increase of 0.47 per cent.

In a notable shift, the India VIX has experienced an increase of 1.67 per cent, reflecting heightened market volatility.

Turning to sectoral performance, the Nifty IT, Nifty Media, and Nifty Realty segments have emerged as the top gainers, displaying positive momentum. Conversely, the Nifty Metal, Nifty Financial Services, and Nifty Bank sectors are facing losses, positioning them among the top losers.

Specific stocks that have stood out within the Nifty 50 index include Ultra Cement, Apollo Hospitals, and Infosys as top gainers. In contrast, HDFC Life, Tata Steel, and Adani Ports are experiencing declines, ranking among the top losers.

A broader analysis of market sentiment reveals approximately 1051 advancing stocks compared to 946 declining stocks. This nuanced difference underlines a slight positive sentiment prevailing within the broader market landscape.

Market Update at 12:50 PM: In the latest market movement, both the Sensex and Nifty indices have encountered marginal declines, showing reductions of 0.09 percent and 0.15 percent respectively.

Within the Nifty landscape, the Nifty Midcap has turned positive, recording a slight increase of 0.04 percent, while the Nifty Smallcap has demonstrated an increase of 0.37 percent.

Looking towards Europe, Wednesday's trading session is predicted to commence with lower openings, as investors evaluate the UK's inflation data. European futures for the DAX and FTSE indices have decreased by 0.33 percent and 0.5 percent respectively.

Simultaneously, the India VIX has witnessed a noteworthy surge of 2.75 percent, reflecting heightened market volatility.

Sector-wise, the Nifty IT, Nifty Pharma, and Nifty Realty segments have emerged as the top gainers, displaying positive momentum. In contrast, the Nifty Metal, Nifty Financial Services, and Nifty Bank sectors have experienced declines, ranking among the top losers.

Zooming in on specific stock movements within the Nifty 50 index, Infosys, NTPC, and Tech Mahindra are standing out as top gainers. Conversely, Hindalco, Tata Steel, and Hero Motocorp are facing losses, positioning them as prominent losers.

A broader analysis of market sentiment reveals that approximately 1030 stocks are advancing, while 959 stocks are declining. This nuanced difference points to a slight positive sentiment prevailing within the broader market landscape.

Market Update at 11:30 AM: In the latest market activity, both the Sensex and Nifty are in the red, displaying declines of 0.17 per cent and 0.24 per cent respectively.

Within the Nifty spectrum, the Nifty Midcap is also trading lower, showing a minor decrease of 0.22 per cent, while the Nifty Smallcap is on a contrasting trajectory, trading higher by a notable 0.2 per cent.

An indicator of market volatility, the India VIX, has seen a notable surge of 3.42 percent, indicating a heightened level of market uncertainty.

Looking at sectoral performance, the Nifty IT, Nifty Media, and Nifty Realty segments are leading the way as top gainers in the ongoing trading session, showcasing positive momentum. Conversely, the Nifty Metal, Nifty Financial Services, and Nifty Bank sectors are facing losses, ranking among the top losers.

Analyzing specific stock movements, Infosys, Apollo Hospitals, and Tech Mahindra are emerging as the top gainers within the Nifty 50 index. On the other hand, Hindalco, HDFC Life, and Tata Steel are experiencing declines, putting them in the spotlight as prominent losers.

Taking a broader perspective on market sentiment, around 1052 stocks are advancing while 930 stocks are in decline, indicating a slight positive sentiment prevalent in the broader market landscape.

Market Update at 9:40 AM: Benchmark indices commence the day with early morning losses as both the Sensex and Nifty indices have initiated the session with declines, exhibiting drops of 0.21 per cent and 0.31 per cent respectively.

Within the broader indices, the Nifty Midcap has followed suit, experiencing an initial decline of 0.28 per cent, whereas the Nifty Smallcap has started the session with marginal gains of 0.12 per cent.

An important indicator of market volatility, the India VIX, has seen a notable surge of 3.67 per cent, highlighting increased market uncertainty.

Examining sectoral performance, the Nifty IT, Nifty Media, and Nifty FMCG segments have emerged as the top gainers in the early stages of trading, displaying notable positive momentum. Conversely, the Nifty Metal, Nifty Financial Services, and Nifty Bank sectors are grappling with losses, ranking among the top losers.

Focusing on specific stocks, Tech Mahindra, Infosys, and ITC are standing out as top gainers within the Nifty 50 index. On the flip side, Hindalco, Hero Motocorp, and Britannia are encountering declines, positioning them as prominent losers.

Analyzing the broader market sentiment, approximately 993 stocks are witnessing upward movement, while 887 stocks are registering declines. This balanced disparity reflects a neutral sentiment prevailing in the broader market landscape.

Pre-Market Update at 8:25 AM: Tuesday night's stock futures were relatively unchanged after a recent losing session amid the ongoing August decline. Dow Jones Industrial Average futures saw a modest increase of 2 points, hovering close to the flatline. Similarly, S&P 500 and Nasdaq 100 futures exhibited minimal movement. These developments ensued after a Wall Street session that saw all three major indexes closing over 1 per cent lower on Tuesday.

Oil prices declined by more than 1 per cent on Tuesday due to sluggish Chinese economic indicators and concerns that Beijing's unexpected reduction in key policy rates may not effectively boost the country's post-pandemic recovery. Brent crude futures dropped by USD 1.31, or 1.5 per cent, reaching USD 84.90 per barrel. The Dollar index in futures rose slightly by 0.04 per cent, trading at 103.25, while the dollar's value remained close to Rs 83.39.

The GIFT Nifty suggests a slight negative beginning for the Benchmark indices, indicating a decline of 101 points following the Nifty's previous close at 19,434 points on August 14. The GIFT Nifty futures were recorded at 19,369 points.

On August 14, foreign institutional investors (FII) Offloaded shares worth Rs 2,324.23 crore, while domestic institutional investors (DII) purchased shares worth Rs 1,460.90 crore.

Stocks that are banned for trading in the F&O segment on August 16, 2023, are Chambal Fertilisers & Chemicals Ltd, Balrampur Chini Mills, Delta Corp, GNFC, Granules, Indiabulls Housing Finance, India Cements, Manappuram and Zee Entertainment.