Market Wrap: Benchmark indices closes on a positive note amid higher volatility!

In the recent trading session, the Sensex and Nifty showcased gains, with the Sensex advancing by 0.11 per cent and the Nifty rising by 0.15 per cent.

Market Update at 3:45 PM: In the recent trading session, the Sensex and Nifty showcased gains, with the Sensex advancing by 0.11 per cent and the Nifty rising by 0.15 per cent. The broader market demonstrated a robust performance, with Nifty Midcap surging by 0.48 per cent and Nifty Smallcap closing higher by 0.47 per cent.

Market volatility experienced a mild increase, as India VIX surged by 1.14 per cent.

In the sectoral landscape, Nifty Energy, Nifty Metal, and Nifty Financial Services stood out as the top gainers, while sectors like Nifty Media, Nifty Auto, and Nifty IT faced losses.

Among individual stocks, NTPC, ONGC, and Tech Mahindra led the gainers, while Hero Motocorp, M&M, and HCL Technologies saw declines within the Nifty 50.

The broader market sentiment leaned toward optimism, with 1,029 stocks advancing in comparison to 978 stocks declining, signalling positive signs in the broader market.

Market Update at 2:15 PM: In the current trading session, the Indian benchmark indices, Sensex and Nifty, exhibited marginal declines of 0.04 per cent and 0.02 per cent, respectively. However, Nifty Midcap managed to register a gain of 0.2 per cent, and Nifty Smallcap showed a more substantial increase of 0.4 per cent.

India VIX, an indicator of market volatility, saw a moderate uptick of 0.84 per cent, signaling a slight increase in market uncertainty.

Sector-wise performance showcased Nifty Metal, Nifty Energy, and Nifty Financial Services as the top-performing sectors, while Nifty Media, Nifty Auto, and Nifty IT experienced declines.

Among individual stocks within the Nifty 50 index, ONGC, Tech Mahindra, and NTPC emerged as the top gainers, whereas Hero Motocorp, M&M, and Titan grappled with losses.

The broader market sentiment remained positive, with 1,036 advancing stocks compared to 972 declining stocks, emphasizing an overall positive outlook in the broader market.

Market Update at 12:40 PM: On Friday, the Indian benchmark indices traded lower, with Sensex, trading lower by 0.06 per cent, and Nifty trading lower by 0.02 per cent. Nifty Midcap posted a marginal gain of 0.15 per cent. And Nifty Smallcap managed to eke out gains of 0.4 per cent.

Simultaneously, European markets seemed poised for a negative start, continuing the prevailing negative momentum. European futures for DAX, CAC, and FTSE were all down, showing losses of 0.59 per cent, 0.61 per cent, and 0.59 per cent, respectively.

India VIX, a gauge of market volatility, saw a 1 per cent increase, indicating a mild uptick in market uncertainty.

Sectoral performance revealed Nifty Metal, Nifty Energy, and Nifty Realty as the top gainers, while Nifty Media, Nifty IT, and Nifty Auto grappled with losses.

Individual stock movements highlighted ONGC, Adani Ports, and NTPC as the leading gainers, whereas Hero Motocorp, Apollo Hospitals, and HCL Technologies were among the top declining stocks within the Nifty 50.

The broader market sentiment remained positive, with 1,109 advancing stocks compared to 887 declining stocks, underscoring a relatively optimistic outlook in the broader market.

Market Update at 11:15 AM: On Friday, the Sensex and Nifty trade lower by 0.21 per cent and 0.17 per cent respectively. Conversely Nifty Midcap trades lower by 0.02 per cent and Nifty Smallcap trades higher by 0.14 per cent.

India VIX has surged by 1.75 per cent, indicating a slight increase in market volatility.

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

ONGC, Adani Ports and NTPC are among the top gainers while M&M, Hero Motocorp and Titan are among the top losing stocks from the Nifty 50.

About 1021 stocks are advancing as against to 978 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 9:40 AM: On Friday, India's benchmark indices, the Sensex and Nifty, started the trading session with losses, down by 0.29 per cent and 0.23 per cent, respectively. Simultaneously, Nifty Midcap and Nifty Smallcap also saw a dip in their opening values, down by 0.24 per cent and 0.11 per cent.

India VIX, an indicator of market volatility, witnessed a slight uptick of 0.93 per cent, indicating increased market uncertainty.

Sectoral performance displayed distinct trends, with Nifty Realty and Nifty Energy emerging as the top gaining sectors. On the flip side, Nifty Auto, Nifty Pharma, and Nifty FMCG were among the leading losers.

Individual stock movements featured Adani Ports, Adani Enterprises, and Power Grid as the top gainers, while Titan, M&M, and Eicher Motors faced declines within the Nifty 50 index.

The broader market sentiment remained positive, with 923 advancing stocks in contrast to 956 declining stocks, indicating a mixed outlook in the broader market.

Pre-Market Update at 7:45 AM:  On Thursday, in the US, the S&P 500 concluded its eight-day winning streak, facing a 0.81 per cent decline and closing at 4,347.35. Simultaneously, the Nasdaq Composite experienced a 0.94 per cent drop, settling at 13,521.45. The Dow Jones Industrial Average also retreated, losing 0.65 per cent, to close at 33,891.94. The market dipped to session lows following Federal Reserve Chair Jerome Powell's suggestion that additional measures may be necessary to curb inflation, despite the recent favourable slowdown in its pace.

The GIFT Nifty suggests a slightly negative commencement for the broader index, reflecting a decline of 47 points. GIFT Nifty futures reached 19,375 points after peaking at 19,403 points.

Oil prices inched up on Thursday, brushing off deflationary signals in China, and seeking additional insights into the demand status from the world's top two oil consumers. Brent crude futures saw a rise of 42 cents, or 0.5 per cent, reaching USD 79.96 a barrel. This rebound followed a more than 2 per cent drop in both benchmarks to their lowest levels since mid-July on Wednesday.

The decline was fuelled by eased concerns about potential supply disruptions in the Middle East, coupled with heightened worries over demand from the U.S. and China. In the currency market, the Dollar index traded 0.10 per cent higher in futures at 105.70, while the value of one dollar remained around Rs 83.31.

On November 09, 2023, foreign institutional investors (FII) offloaded shares worth Rs 1,712.33 crore, while domestic institutional investors (DII) purchased shares worth Rs 1,512.14 crore.

Stock that is banned for trading in the F&O segment on November 10, 2023, are CHAMBLFERT, DELTACORP, GNFC, MCX.