Market Wrap: Benchmark indices close on a positive note while Nifty Smallcap surges over 2 per cent!

On Tuesday, Benchmark indices concluded trading day on a higher note as Sensex moderately gained by 0.45 per cent and closed at 73,104.61 level, while Nifty also gained by 0.51 per cent and closed at 22,217.85 level.

Market Update at 3:35 PM: On Tuesday, Benchmark indices concluded trading day on a higher note as Sensex moderately gained by 0.45 per cent and closed at 73,104.61 level, while Nifty also gained by 0.51 per cent and closed at 22,217.85 level. Similarly, the Broader market experienced significant gains as Nifty Midcap closed higher by 0.98 per cent, while Nifty Smallcap soared by 2.03 per cent.

Market volatility, as indicated by India VIX, has declined by 0.68 per cent, reflecting slight decrease increase in market volatility.

Nifty Metal, Nifty Auto and Nifty Energy closed positively while Nifty FMCG and Nifty Pharma were among the top losers.

Adani Enterprises, M&M and Hero Motocorp were among the top gainers while Cipla, TCS and Nestle India were among the top losing stocks from the Nifty 50.

About 1643 stocks were advancing as against to 470 stocks that were declining, thus indicating a positive sentiment in the broader market.

Market Update at 2:15 PM: In the current trading session benchmark indices trade on a positive note with the Sensex trading significantly higher by 0.67 per cent, while Nifty surged by 0.72 per cent. Similarly, in the broader indices Nifty Midcap has gained by 0.89 per cent, while Nifty Smallcap has soared by 1.74 per cent.

India VIX is currently trading lower by 2.10 per cent, indicating a decrease in market volatility.

Nifty Metal, Nifty Auto and Nifty Energy are the major sectors which are trading positively while Nifty Pharma, Nifty and Nifty FMCG are among the top losers.

Adani Enterprises, M&M and Hero Motocorp are among the top gainers while Cipla, Nestle India and Tata Consumer Product are among the top losing stocks from the Nifty 50.

About 1690 stocks are advancing as against 420 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 12:30 PM In the current trading session benchmark indices trade moderately higher as Sensex has surged by 0.3 per cent, while Nifty has gained by 0.36 per cent. Similarly, in the broader indices Nifty Midcap has surged by 0.62 per cent, while Nifty Smallcap has soared by 1.36 per cent.

India VIX has marginally declined up by 0.5 per cent, indicating a slight decrease in market volatility.

European stocks are heading for a lower open Tuesday as global investors await the latest U.S. inflation reports. European futures DAX trades lower by 0.02 per cent while CAC and FTSE trade higher by 0.02 per cent and 0.15 per cent respectively.

Nifty Metal, Nifty Auto and Nifty Media are trading positively while Nifty Pharma, Nifty FMCG and Nifty IT are among the top losers.

Adani Enterprises, M&M and Hero Motocorp are among the top gainers while Cipla, Britannia and Nestle India are among the top losing stocks from the Nifty 50.

About 1654 stocks are advancing as against to 437 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 11:10 AM: In the ongoing trading session, Benchmark indices are trading on a positive note with Sensex surging by 0.21 per cent, while Nifty also gained by 0.26 per cent. Similarly, in the broader indices Nifty Midcap experience moderate gains of 0.32 per cent, while Nifty Smallcap has soared by 1.09 per cent.

India VIX is trading higher by 0.62 per cent and is trading above the mark of 20, indicating heightened market volatility.

Nifty Metal, Nifty Media and Nifty Realty are trading positively while Nifty Pharma, Nifty IT and Nifty FMCG are among the top losers.

Top gainers in individual stocks are M&M, Hero Motocorp and Adani Enterprises, whereas Cipla, Britannia and Nestle India are among the top losers in the Nifty 50.

The broader market sentiment is positive, with 1641 stocks advancing compared to 448 stocks declining.

Market Update at 9:40 AM: On Tuesday, Indian markets initiated the trading week on a positive note with Sensex opening marginally higher by 0.05 per cent, while Nifty also opened higher by 0.06 per cent. Similarly, in the broader indices Nifty Midcap opened slightly higher by 0.13 per cent, while Nifty Smallcap has soared by 1 per cent.

India VIX has surged by 2.38 per cent and is trading above the level of 21, indicating heightened market volatility.

Nifty Realty, Nifty Metal and Nifty Energy are trading positively while Nifty Pharma, Nifty FMCG and Nifty Bank are among the Top Losers.

Shriram Finance, Hindalco and Hero Motocorp are among the Top Gainers while Cipla, Asian Paints and Nestle India are among the top losing stocks from the Nifty 50.

About 1570 stocks are advancing as against to 425 stocks that are declining, thus indicating a positive sentiment in the broader market.

US Markets: The Dow Jones, S&P 500, and Nasdaq closed without significant changes as investors braced for pivotal inflation data and earnings updates this week. The Federal Reserve Bank of New York's Monday survey indicated expectations of 3.3 per cent inflation in a year, up from March's 3 per cent, and projected 2.8 per cent inflation three years ahead.

Market participants exercised caution ahead of the release of April's Consumer Price Index (CPI) on Wednesday, along with forthcoming data on the producer price index, retail sales, weekly jobless claims, and earnings announcements from major retailers such as Home Depot and Walmart this week.

Oil Prices: On Tuesday, oil prices climbed amid indications of a potential tightening in the supply-demand dynamics due to operational interruptions, increased demand, and deliberate production reductions.

US West Texas Intermediate crude futures saw an uptick of 18 cents, reaching USD 79.30 a barrel. Similarly, Brent crude futures experienced an increase of 19 cents, reaching USD 83.55 a barrel.

FII and DII flow: On May 13, 2024, foreign institutional investors (FII) offloaded shares worth Rs 4,498.92 crore, while domestic institutional investors (DII) bought shares worth Rs 3,562.75 crore.

F&O Stock Ban: Stocks that are banned for trading in the F&O segment on May 14, 2024, are BALRAMCHIN, CANBK, GMRINFRA, HINDCOPPER, IDEA, PEL, PNB, SAIL and ZEEL.