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

On Monday, Benchmark indices concluded the trading day on a higher note as Sensex closed marginally higher by 0.09 per cent closing at 73,872.29 level, while Nifty also surged by 0.12 per cent and closed at 22,405.60 level.

Market Update at 3:40 PM: On Monday, Benchmark indices concluded the trading day on a higher note as Sensex closed marginally higher by 0.09 per cent closing at 73,872.29 level, while Nifty also surged by 0.12 per cent and closed at 22,405.60 level. Whereas the Broader market also experienced mixed performance as Nifty Midcap closed higher by 0.19 per cent, while Nifty Smallcap plunged by 0.51 per cent.

Market volatility, as indicated by India VIX, has declined by 0.47 per cent, reflecting a slight decrease in market volatility.

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

NTPC, HDFC Life and Power Grid were among the top gainers while Eicher Motors, JSW Steel and M&M were among the top losing stocks from the Nifty 50.

About 805 stocks were advancing as against to 1481 stocks that were declining, thus indicating a negative sentiment in the broader market.

Market Update at 2:15 PM: In the current trading session benchmark indices trade on a higher note with the Sensex trading moderately higher by 0.14 per cent, while Nifty trades higher by 0.18 per cent. Similarly, in the broader indices Nifty Midcap surged by 0.31 per cent, while Nifty Smallcap plummeted by 0.41 per cent.

India VIX is currently trading lower by 0.65 per cent, indicating a slight decrease in market volatility.

Nifty Energy, Nifty Pharma and Nifty PSU Bank are among the top gainers, while Nifty Media, Nifty IT and Nifty FMCG are among the top losers.

NTPC, Power Grid and HDFC Life are among the top gainers while Eicher Motors, JSW Steel and SBI Life are among the top losing stocks from the Nifty 50.

About 833 stocks are advancing as against to 1448 stocks that are declining, thus indicating a negative sentiment in the broader market.

Market Update at 12:35 PM: In the current trading session benchmark indices trade higher with the Sensex surging by 0.14 per cent, while Nifty made a new all-time high of 22,440.90 level after surging over 0.18 per cent. Whereas in the broader indices Nifty Midcap has surged by 0.23 per cent, while Nifty Smallcap has plunged by 0.61 per cent.

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

European stocks may open on a mixed note on Monday as Geopolitical worries persist. European futures DAX and CAC trade higher by 0.05 per cent and 0.07 per cent respectively, while FTSE trades lower by 0.10 per cent.

Nifty Energy, Nifty Pharma and Nifty Realty are among the top gainers, while Nifty Media, Nifty IT and Nifty FMCG are among the top losers.

NTPC, Power Grid and BPCL are among the top gainers while JSW Steel, Eicher Motors and SBI Life are among the top losing stocks from the Nifty 50.

About 867 stocks are advancing as against to 1421 stocks that are declining, thus indicating a negative 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 trading marginally higher by 0.04 per cent while Nifty trades higher by 0.06 per cent. Whereas, in the broader indices Nifty Midcap experiences a moderate surge of 0.2 per cent, while Nifty Smallcap plunges by 0.51 per cent.

India VIX is trading marginally higher by 0.20 per cent, indicating a slight increase in market volatility.

Nifty Energy, Nifty Pharma and Nifty Realty are among the top gaining sectors while Nifty Media, Nifty IT and Nifty Auto among the top losers.

Top gainers in individual stocks are NTPC, Dr Reddy’s Laboratories and Power Grid, whereas JSW Steel, Eicher Motors and SBI Life are among the leading losers in the Nifty 50.

The broader market sentiment is positive, with 816 stocks advancing compared to 1430 declining.

Market Update at 9:30 AM: On Monday, 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 0.03 per cent. Whereas in the broader indices Nifty Midcap opened moderately lower by 0.14 per cent, while Nifty Smallcap also opened moderately lower by 0.37 per cent.

India VIX has marginally surged by 1.68 per cent, indicating a marginal increase in market volatility.

Nifty Energy, Nifty Pharma and Nifty Realty are among the top gainers while Nifty Media, Nifty Metal and Nifty FMCG are among the top losers.

NTPC, Power Grid and Dr Reddy’s Laboratories are among the top gainers while JSW Steel, Eicher Motors and Tata Steel are among the top losing stocks from the Nifty 50.

About 932 stocks are advancing as against to 1200 stocks that are declining, thus indicating a negative sentiment in the broader market.

Pre-Market Update at 8:30 AM: On March 1, the S&P 500 and NASDAQ Composite indices in the US surged by up to 1 per cent, reaching record highs of 5,137 and 16,275, respectively.

Strong earnings reports from Dell and NetApp, supporting generative AI infrastructure, fueled much of the gains. The Dow Jones Industrial Average also climbed, rising by 0.23 per cent to close at 39,087 on the same day.

The GIFT Nifty trends suggest a modest beginning for the benchmark indices, with a marginal increase of 6 points or 0.02 per cent. The Nifty futures closed at the 22,502 level in the last session.

In Asian trade on March 4, oil prices saw a slight increase following OPEC+'s decision to keep existing production cuts until the second quarter.

Brent Crude edged up by 0.4 per cent, reaching approximately USD 84 per barrel, while West Texas Intermediate (WTI) Crude rose by 0.3 per cent, trading around USD 80 per barrel.

On March 02, 2024, foreign institutional investors (FII) offloaded shares worth Rs 81.87 crore, while domestic institutional investors (DII) sold shares worth Rs 44.71 crore.

Stock that is banned for trading in the F&O segment on March 04, 2024, is Zee Entertainment.