Market Wrap: Benchmark indices closes on a positive note while Nifty Smallcap outperformed!

In the latest market update, both the Sensex and Nifty have concluded the trading session with gains, rising by 0.58 per cent and 0.89 per cent, respectively.

Market Update at 3:30 PM: In the latest market update, both the Sensex and Nifty have concluded the trading session with gains, rising by 0.55 per cent and 0.54 per cent, respectively.

Furthermore, the Nifty Midcap segment has also exhibited strength, closing with a gain of 0.58 per cent, while the Nifty Smallcap segment outperformed, closing with a substantial gain of 0.89 per cent.

Market volatility, as measured by the India VIX, has experienced a significant drop, declining by 5.58 per cent, indicating a more stable market environment.

Among the sectors, Nifty Realty, Nifty Financial Services, and Nifty Pharma emerged as the top gainers, while Nifty Media was the only sector that ended the day without significant changes.

In terms of individual stocks within the Nifty 50, Bajaj Finserv, Bajaj Finance, and Titan were among the top performers, while Hindustan Unilever, Coal India, and ONGC were among the top decliners.

The broader market sentiment remained positive, with approximately 1313 stocks advancing compared to 708 stocks declining, highlighting an overall optimistic sentiment in the market.

Market Update at 2:15 PM: In the latest market developments, the Sensex has continued its upward trajectory, rising by 0.6 per cent, while the Nifty has also gained ground with an increase of 0.61 per cent.

Additionally, the Nifty Midcap index is displaying strength with a gain of 0.63 per cent, and the Nifty Smallcap index is outperforming, surging by 0.67 per cent.

Market volatility, as measured by the India VIX, has decreased significantly, plummeting by 5.76 per cent, suggesting a calmer market environment.

The top-performing sectors at the moment include Nifty Realty, Nifty Financial Services, and Nifty Pharma, indicating robust performance. Notably, there are currently no major sectors underperforming.

Among individual stocks in the Nifty 50, Bajaj Finserv, Bajaj Finance, and Titan are leading the gainers, while Hindustan Unilever, ONGC, and Bharti Airtel are among the top decliners.

In terms of market breadth, the sentiment remains positive, with approximately 1336 stocks advancing compared to 677 stocks declining, underscoring an overall optimistic sentiment in the broader market.

Market Update at 12:45 PM: In the current market scenario, the Sensex has advanced by 0.46 percent, while the Nifty has also shown an uptick of 0.47 percent.

Furthermore, the Nifty Midcap index is trading higher, posting a gain of 0.43 percent, and the Nifty Smallcap index is displaying even stronger performance with a rise of 0.62 percent.

Anticipating the release of US Jobs data later in the session, European Markets are expected to open slightly higher on Friday. European Futures indicate that DAX is up by 0.01 percent, CAC by 0.04 percent, and FTSE by 0.21 percent.

The India VIX has experienced a notable decline, dropping by 4.84 percent, which reflects reduced market volatility.

Within the Indian market, Nifty Realty, Nifty IT, and Nifty Pharma sectors are among the top gainers, demonstrating positive momentum. At the moment, there are no major sectors underperforming.

In terms of individual stocks, Bajaj Finserv, Bajaj Finance, and Titan are leading the gainers in the Nifty 50, while Hindustan Unilever, ONGC, and Bharti Airtel are among the top losers.

The broader market sentiment appears positive, with approximately 1327 stocks advancing compared to 664 stocks declining, indicating an overall favorable outlook in the market.

Market Update at 11:05 AM: In the latest market update, the Sensex and Nifty are displaying upward movement, with gains of 0.51 per cent and 0.5 per cent, respectively. Additionally, Nifty Midcap is trading higher by 0.51 per cent, while Nifty Smallcap has surged higher by 0.74 per cent.

The RBI has decided to keep the repo rate unchanged at 6.5 per cent. Additionally, the RBI Governor has announced that the CPI inflation projection for FY24 remains at 5.4 per cent, and it is withdrawing the incremental CRR.

Moreover, India VIX has experienced a notable 4.02 per cent decline, signalling reduced market volatility.

Notably, the top gainers among sectors include Nifty PSU Bank, Nifty Pharma, and Nifty Realty, while currently, there are no other major sectors underperforming.

Prominent gainers among individual stocks include Bajaj Finserv, Tata Consumer Product, and Titan. Conversely, Hindustan Unilever, ONGC, and Bharti Airtel are among the top losers within the Nifty 50.

The broader market sentiment remains optimistic, with 1465 stocks advancing compared to 526 stocks declining, indicating a positive outlook among investors.

Market Update at 9:30 AM: In the latest market opening, both the Sensex and Nifty have started on a positive note, recording gains of 0.31 per cent and 0.37 per cent, respectively. Notably, Nifty Midcap has opened higher by 0.41 per cent, while Nifty Smallcap has also commenced with a 0.29 per cent gain.

Furthermore, there's been a 1.10 per cent decrease in India VIX, indicating a reduction in market volatility.

Among sectors, Nifty Realty, Nifty Metal, and Nifty Pharma are leading the gainers, while Nifty PSU Bank is the sole major sector trading in negative territory.

Prominent gainers among individual stocks include Bajaj Finserv, Adani Enterprises, and Titan. Conversely, L&T, Hindustan Unilever, and Bharti Airtel are among the top losers within the Nifty 50.

The broader market sentiment remains optimistic, with 1404 stocks advancing in contrast to 422 stocks declining, signalling a positive outlook among investors.

Pre-Market Update at 7:35 AM: On Thursday, US stocks edged downward as investors shifted their focus to crucial jobs data set to be released on Friday, which could play a pivotal role in shaping future interest rate decisions. The Dow Jones Industrial Average concluded the day with a marginal loss of 0.03 per cent decline, closing at 33,119.57. Similarly, the S&P 500 experienced a slight dip of 0.13 per cent, finishing at 4,258.19, while the Nasdaq Composite registered a 0.12 per cent decrease, closing at 13,219.83.

Oil prices declined on Thursday, with an uncertain demand forecast taking precedence over the OPEC+ decision to sustain oil production cuts, which has kept supply constrained. Brent crude oil futures saw a drop of 68 cents, equivalent to a 0.8 per cent decrease, settling at USD 85.19 per barrel. Simultaneously, in the futures market, the Dollar index exhibited a 0.34 per cent decline, reaching 106.43, while the value of one dollar remained close to Rs 83.22.

The GIFT Nifty suggests a slightly positive opening for the broader index, with an increase of 16 points. GIFT Nifty futures reached 19,608 points, reaching a peak at 19,621 points.

On October 05, foreign institutional investors (FII) offloaded shares worth Rs 1,864.20 crore, while domestic institutional investors (DII) bought shares worth Rs 521.41 crore.

Stocks that are banned for trading in the F&O segment on October 06, 2023 are Indiabulls Housing Finance, Delta Corp, Manappuram and PNB.