Market Wrap: Benchmark indices close on a positive note while Nifty Smallcap outperforms!

On Wednesday, Benchmark indices concluded the trading day on a positive note as Sensex substantially gained by 0.73 per cent closing at 72,996.31 level, while Nifty also surged by 0.54 per cent and closed at 22,123.65 level.

Market Update at 3:45 PM: On Wednesday, Benchmark indices concluded the trading day on a positive note as Sensex substantially gained by 0.73 per cent closing at 72,996.31 level, while Nifty also surged by 0.54 per cent and closed at 22,123.65 level. Similarly, the Broader market experienced substantial gains as Nifty Midcap closed marginally higher by 0.06 per cent, while Nifty Smallcap soared by 0.96 per cent.

Market volatility, as indicated by India VIX, has declined by 0.92 per cent, reflecting a decrease in market volatility.

Nifty Realty, Nifty Energy, Nifty Auto and Nifty Financial Services were among the top gainers while Nifty PSU Bank, Nifty IT, Nifty Media and Nifty FMCG were among the top losers.

Reliance, Bajaj Auto and Maruti were among the top gainers while UPL, Hero Motocorp and Tata Consumer Product were among the top losing stocks from the Nifty 50.

About 907 stocks were advancing as against to 1198 stocks that were declining, thus indicating a negative sentiment in the broader market.

Market Update at 2:20 PM: In the current trading session benchmark indices trade on a higher note with the Sensex trading substantially higher by 0.9 per cent, while Nifty trades higher by 0.83 per cent. Similarly, in the broader indices Nifty Midcap has significantly surged by 0.61 per cent, while Nifty Smallcap has significantly gained by 1.46 per cent.

India VIX is currently trading marginally lower by 0.49 per cent, indicating a slight increase in market volatility.

Nifty Energy, Nifty Realty and Nifty Auto are among the top gaining sectors while Nifty PSU Bank, Nifty FMCG and Nifty IT were among the top losers.

Reliance, Bajaj Auto and Maruti are among the top gainers while Apollo Hospitals, LTIMindtree and Nestle India are among the top losing stocks from the Nifty 50.

About 1168 stocks are advancing as against 935 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 12:40 PM: In the current trading session benchmark indices trade higher with the Sensex substantially surging by 0.73 per cent, while Nifty also soared by 0.68 per cent. Similarly, in the broader markets Nifty Midcap has soared by 0.54 per cent, while Nifty Smallcap has gained by 0.99 per cent.

India VIX is currently trading marginally lower by 0.60 per cent, indicating a slight decline in market volatility.

European markets are heading for a flat open on Wednesday as market momentum wanes. Regional Markets closed higher on Tuesday but are set to start today’s session around the flatline. European futures DAX, CAC and FTSE trades higher by 0.12 per cent, 0.20 per cent and 0.15 per cent respectively.

Nifty Energy, Nifty Realty and Nifty Auto are among the top gainers while Nifty FMCG is the only major sector which is underperforming.

Maruti, Reliance and Bajaj Auto are among the top gainers while Britannia, Apollo Hospitals and Nestle India among the top losing stocks from the Nifty 50.

About 1194 stocks are advancing as against to 900 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 higher note, with Sensex trading substantially higher by 0.66 per cent while Nifty also trades higher by 0.64 per cent. Similarly, in the broader indices Nifty Midcap experiences significant gains of 0.52 per cent, while Nifty Smallcap surges by 0.91 per cent.

India VIX is trading lower by 0.37 per cent, indicating a decline in market volatility.

Nifty Energy, Nifty Realty and Nifty Auto are among the top gaining sectors while Nifty FMCG and Nifty Media are among the only major sectors which are underperforming.

Top gainers in individual stocks are Adani Ports, Reliance and Maruti, whereas Britannia, Hero Motocorp and Apollo Hospitals are among the leading losers in the Nifty 50.

The broader market sentiment is positive, with 1223 stocks advancing compared to 867 stocks declining.

Market Update at 9:30 AM: On Wednesday, Indian markets initiated the trading day on a positive note with Sensex opening moderately higher by 0.43 per cent, while Nifty also opened higher by 0.44 per cent. Similarly, in the broader indices Nifty Midcap opened moderately higher by 0.64 per cent, while Nifty Smallcap also opened higher by 0.82 per cent.

India VIX has marginally declined by 0.27 per cent, indicating a marginal decline in market volatility.

Nifty Energy, Nifty Realty and Nifty Media are among the top gainers while currently there are no major sectors which are underperforming.

BPCL, Reliance and Adani Ports are among the top gainers while UPL, Divi’s Laboratories and Apollo Hospitals are among the top losing stocks from the Nifty 50.

About 1588 stocks are advancing as against to 385 stocks that are declining, thus indicating a positive sentiment in the broader market.

Pre-Market Update at 8:15 AM: US stocks retreated on Tuesday, relinquishing modest gains late in the session, resulting in the third consecutive decline for both the Dow and S&P 500 indices. Investors remained cautious as they awaited economic data during a shortened trading week to assess the Federal Reserve's policy trajectory.

The Dow Jones Industrial Average dipped by 31.31 points, or 0.08 per cent, closing at 39,282.33. Similarly, the S&P 500 declined by 14.61 points, or 0.28 per cent, ending the session at 5,203.58, while the Nasdaq Composite fell by 68.77 points, or 0.42 per cent, settling at 16,315.70.

The GIFT Nifty shows a downward trend, signalling a negative start for the benchmark indices, with a decline of 44 points or 0.20 per cent. Nifty futures were observed trading near the 22,046 level.

Oil prices experienced a second consecutive day of decline on Wednesday following reports of a surge in crude stockpiles in the US, the world's largest oil consumer. Additionally, indications emerged that major oil producers are unlikely to alter their output policy at an upcoming technical meeting next week.

In the oil market, Brent crude futures for May decreased by 69 cents, or 0.8 per cent, reaching USD 85.56 a barrel. The May contract is scheduled to expire on Thursday, while the more actively traded June contract saw a decline of 60 cents, or 0.7 per cent, settling at USD 85.03.

US West Texas Intermediate (WTI) crude futures for May delivery fell by 55 cents, or 0.7 per cent, to USD 81.07.

On March 26, 2024, foreign institutional investors (FII) bought shares worth Rs 10.13 crore, while domestic institutional investors (DII) purchased shares worth Rs 5,024.36 crore.

Stock that is banned for trading in the F&O segment on March 27, 2024, is SAIL.