Market Wrap: Benchmark indices close positive with Nifty Pharma among the top gainers!
In today's market session, both the Sensex and Nifty have concluded with gains, rising by 0.26 per cent and 0.12 per cent, respectively.
Market Update at 3:45 PM: In today's market session, both the Sensex and Nifty have concluded with gains, rising by 0.26 per cent and 0.12 per cent, respectively. Notably, Nifty Midcap has closed with a moderate gain of 0.69 per cent, while Nifty Smallcap has surged higher by 0.86 per cent.
Market volatility, as measured by the India VIX, has seen a notable uptick of 3.49 per cent.
Standout performers among the sectoral indices include Nifty Pharma, Nifty PSU Bank, and Nifty FMCG, all registering gains. Conversely, Nifty Bank and Nifty Financial Services find themselves among the top decliners.
Within the Nifty 50 index, leading gainers encompass L&T, Coal India, and ITC, while Titan, Grasim, and Hero Motocorp are positioned as the top decliners.
Taking a broader view of market sentiment, approximately 1134 stocks are advancing, slightly outnumbering the 878 stocks in decline. This indicates a relatively neutral sentiment across the broader market as the trading session concludes.
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Market Update at 2:20 PM: In the ongoing market session, both the Sensex and Nifty are making modest gains, edging higher by 0.07 per cent and 0.08 per cent, respectively. Meanwhile, Nifty Midcap is displaying notable strength with a 0.68 per cent increase, while Nifty Smallcap is moderately higher by 0.84 per cent.
Market volatility, as indicated by the India VIX, has witnessed a sharp uptick of 4.47 per cent.
Noteworthy performers among the sectoral indices include Nifty PSU Bank, Nifty Pharma, and Nifty FMCG, all showing gains. Conversely, Nifty Media, Nifty Financial Services, and Nifty Auto are among the leading decliners.
Within the Nifty 50 index, prominent gainers feature L&T, Coal India, and LTIMindtree, while Titan, Grasim, and BPCL are positioned as the top decliners.
Taking a broader view of market sentiment, approximately 1108 stocks are advancing, outnumbering the 895 stocks in decline, reflecting a positive sentiment across the broader market as the trading session progresses.
Market Update at 12:35 PM: In the current market session, both the Sensex and Nifty are recording marginal declines of 0.09 per cent and 0.03 per cent, respectively. Meanwhile, Nifty Midcap is displaying strength with a 0.49 per cent increase, while Nifty Smallcap is moderately higher by 0.71 per cent.
On the global front, European markets are poised for a mixed opening on Wednesday. Investors remain focused on evaluating factors such as inflation, interest rates, and the overall state of the global economy. European futures for DAX and CAC indicate slight gains of 0.02 per cent and 0.19 per cent, respectively, while FTSE futures suggest a modest decline of 0.14 per cent.
Market volatility, as measured by the India VIX, has surged by 3.84 per cent.
Among sectoral indices, Nifty Realty, Nifty Pharma, and Nifty PSU Bank stand out as top gainers, whereas Nifty Media, Nifty Financial Services, and Nifty Bank are experiencing declines.
Within the Nifty 50 index, notable gainers include Coal India, Cipla, and Adani Ports, while Bajaj Finance, Grasim, and Titan are positioned as the leading decliners.
Considering the broader market sentiment, approximately 1031 stocks are advancing, closely matching the 961 stocks in decline. This indicates a relatively neutral sentiment across the broader market as the trading session unfolds.
Market Update at 11:15 AM: In the current market session, both the Sensex and Nifty are trading with marginal declines, registering 0.26 per cent and 0.24 per cent decreases, respectively. On the other hand, Nifty Midcap is displaying strength with a 0.46 per cent increase, while Nifty Smallcap is moderately higher by 0.62 per cent.
Market volatility, as measured by the India VIX, has seen a notable uptick of 3.84 per cent.
Among the sectoral indices, Nifty Pharma, Nifty Realty, and Nifty PSU Bank stand out as top gainers, while Nifty Media, Nifty Financial Services, and Nifty Bank are among the leading decliners.
In the Nifty 50 index, prominent gainers include Dr. Reddy’s Laboratories, Cipla, and LTIMintree. Conversely, Bajaj Finance, Tata Steel, and Titan are positioned as the top decliners.
Taking a broader view of market sentiment, approximately 995 stocks are advancing, closely matching the 975 stocks in decline. This suggests a relatively neutral sentiment across the broader market as the trading session progresses.
Market Update at 9:30 AM: In today's market opening, both the Sensex and Nifty have started the day on a slightly lower note, with declines of 0.35 per cent and 0.31 per cent, respectively. In contrast, Nifty Midcap has opened with a marginal gain of 0.1 per cent, while Nifty Smallcap has shown strength, commencing with a 0.15 per cent gain.
The India VIX has surged by 2.14 per cent, reflecting heightened market volatility.
Notable performers among the sectoral indices include Nifty Pharma and Nifty Realty, both experiencing gains. Conversely, Nifty Metal, Nifty Bank, and Nifty Financial Services are among the leading decliners.
In the Nifty 50 index, top gainers include Divi’s Laboratories, Dr. Reddy’s Laboratories, and Cipla, while Tata Steel, Tech Mahindra, and Hindalco are positioned as the top decliners.
Taking a broader view of market sentiment, approximately 928 stocks are advancing, outnumbering the 884 stocks that are in decline, suggesting a slight positive sentiment in the broader market as the trading session commences.
Pre-Market Update at 7:55 AM: U.S. stock futures displayed minimal movement on Tuesday night. However, during the primary trading session, the Dow Jones Industrial Average, comprising 30 stocks, experienced a significant decline of 1.14 per cent, marking its most challenging day since March. Simultaneously, the S&P 500 saw a 1.47 per cent drop, while the Nasdaq Composite registered a 1.57 per cent decline. These losses were attributed to disappointing data on new home sales and consumer confidence, both of which fell short of economists' expectations.
On Tuesday, oil prices experienced a decline in trading due to apprehensions that prolonged higher interest rates by major central banks could dampen fuel demand, despite expectations of tight supply conditions. Brent crude futures recorded an 11-cent decrease, settling at USD 93.18 per barrel. Concurrently, the Dollar index saw a marginal uptick of 0.04 per cent in futures, reaching 106.04, while the value of one dollar remained around Rs 83.22.
The GIFT Nifty suggests a slightly bearish start for the benchmark indices, with a slight decline of 7 points. GIFT Nifty futures reached 19,724 points, having peaked at 19,734 points earlier.
On September 26, foreign institutional investors (FII) offloaded shares worth Rs 693.47 crore, while domestic institutional investors (DII) bought shares worth Rs 714.75 crore.
Stocks that are banned for trading in the F&O segment on September 27, 2023, are Balrampur Chini Mills, Canara Bank, Delta Corp, Hindustan Copper, Indiabulls Housing Finance and India Cements.