Market Wrap: Benchmark indices close on a positive note with Nifty Realty and Nifty PSU Bank among top gainers!

Sensex closed higher by 2.54 per cent and closed at 79,117.11, while Nifty closed higher by 2.39 per cent and closed at 23,907.25 level.

Market Update at 3:45 PM: On Friday, Benchmark indices concluded the trading day on a positive note as Sensex closed higher by 2.54 per cent and closed at 79,117.11, while Nifty closed higher by 2.39 per cent and closed at 23,907.25 level. However, the Broader market, Nifty Midcap closed higher by 1.16 per cent at 55,016.85, while Nifty Smallcap closed higher by 0.90 per cent and closed at 17,754.75.

Market volatility, as indicated by India VIX, rose by 0.69 per cent and is trading at the level of 16.10 reflecting a slight rise in market volatility.

Within the sectoral landscape, Nifty Realty, Nifty PSU Bank and Nifty IT emerged as Top Gainers, while Nifty Media sector underperformed.

SBIN, TCS, and TITAN were among the top gainers while on the other hand BAJAJ-AUTO were among the Top Losers.

About 1,680 stocks were advancing as against to 669 that were declining, thus indicating a negative sentiment in the broader market.

Market Update at 12:35 AM: During the ongoing trading session, benchmark indices are showing a positive trend, with the Sensex up by 1.20 per cent and the Nifty up by 1.26 per cent. However, in the broader market, the Nifty Midcap rose by 0.75 per cent, while the Nifty Smallcap rising by 0.67 per cent.

India VIX rose by 0.69 per cent and is trading around the mark of 16.10, indicating a slight rise in market volatility.

In the sectoral landscape Nifty PSU Bank, Nifty Realty and Nifty IT emerged as top gainers, no sectors are underperforming.

Top gainers in individual stocks are ADANIENT, SBIN, and TATACONSUM while, AXISBANK is among the top losers in the Nifty 50.

The broader market sentiment is positive, with 1,675 stocks advancing compared to 669 stocks declining.

Market Update at 10:00 AM: On Friday, markets opened on a positive note, with both Nifty and Sensex showing positive movement. Nifty Realty led the gains and Nifty Media was the biggest laggard.

As of now, the Sensex is up by 0.52 per cent, hovering around 77,560, and Nifty is up by 0.48 per cent, trading near 23,460. Similarly, in the broader market, the Nifty Midcap rose about 0.26 per cent to about 54,525, and the Nifty Smallcap is up by 0.17 per cent, trading near 17,625.

India VIX down by 2.81 per cent and is trading at 15.54, indicating a fall in market volatility.

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

APOLLOHOSP, HDFCLIFE, and SBIN are among the top gainers within the Nifty 50 while ADANIPORTS, ADANIENT, and M&M are among the Top Losers.

About 1,500 stocks are advancing as against to 728 stocks that are declining, thus indicating a positive sentiment in the broader market.

Pre-Market Update at 8:00 AM: The Dow Jones Industrial Average climbed 461.88 points, or 1.06 per cent, closing at 43,870.35. Meanwhile, the S&P 500 advanced 31.60 points, or 0.53 per cent, reaching 5,948.71, and the Nasdaq Composite edged up by 6.28 points, or 0.03 per cent, to settle at 18,972.42.

Alphabet faced a significant setback, dropping 4.7 per cent to hit its lowest level in four weeks. This decline followed the U.S. Justice Department’s arguments in court, urging measures like the sale of Google’s Chrome browser to address concerns over its monopoly in online search.

The GIFT Nifty is trading lower, indicating a weak start for the day. Nifty futures were trading at 23,350.00.

The U.S. 10-year Treasury yield stands at 4.416 per cent, while the 2-year bond yield at 4.345 per cent.

Brent crude climbed above $74 per barrel, and WTI surpassed $70 per barrel, marking their strongest weekly performance in two months. Prices rose amid escalating tensions between Russia and Ukraine, with missile exchanges heightening geopolitical risks.

Meanwhile, markets are focused on the upcoming OPEC+ meeting on December 1, where potential delays to planned output hikes for 2024 and 2025 are under discussion, driven by weak global demand and China’s economic slowdown.

On November 21 2024, foreign institutional investors (FII) sold shares worth Rs 5,320 crore, while domestic institutional investors (DII) bought shares worth Rs 4,200 crore.

Stocks that are banned for trading in the F&O segment on November 22, 2024, are AARTIIND, ABFRL, ADANIENT, GNFC, GRANULES, HINDCOPPER, IGL, NATIONALUM.

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