Market Wrap: Benchmark indices conclude the day with notable gains!

Sensex and Nifty indices concluded on an upward trajectory, registering gains of 0.41 percent and 0.43 percent respectively.

Market Update at 3:45 PM: In the latest market session, both the Sensex and Nifty indices concluded on an upward trajectory, registering gains of 0.41 percent and 0.43 percent respectively.

Similarly, within the Nifty spectrum, the Nifty Midcap and Nifty Smallcap segments exhibited positive movement, noting increases of 0.82 percent and 0.63 percent respectively.

Furthermore, the India VIX has witnessed a decline of 1.48 percent, indicating a reduction in market volatility.

In terms of sectoral performance, the Nifty Metal, Nifty IT, and Nifty Realty segments showcased notable strength, emerging as top performers. Conversely, the Nifty Media and Nifty PSU Bank sectors faced declines, ranking them among the top losers.

Analyzing specific stock movements within the Nifty 50 index, Bajaj Finance, Adani Ports, and Power Grid stood out as top gainers. In contrast, Reliance, M&M, and Britannia experienced declines, positioning them as the primary losers.

A broader perspective reveals approximately 1191 stocks advancing, while 810 stocks experiencing declines. This configuration underscores a prevailing positive sentiment within the broader market landscape.

Market Update at 2:10 PM: In the latest market activity, both the Sensex and Nifty indices continue to display robust performance, recording gains of 0.42 per cent and 0.41 per cent respectively.

Likewise, within the broader indices, the Nifty Midcap and Nifty Smallcap segments are showing positive trends, registering upticks of 0.71 per cent and 0.51 per cent respectively.

The India VIX has plunged by 0.41 per cent, signalling a decrease in market volatility.

In terms of sectoral performance, the Nifty IT, Nifty Realty, and Nifty Metal segments have emerged as the leading gainers, reflecting encouraging trends. On the contrary, the Nifty PSU Bank and Nifty Media sectors are grappling with losses, ranking them among the top decliners.

Specific stock movements within the Nifty 50 index reveal that Adani Ports, Bajaj Finance, and Power Grid have marked significant gains. Conversely, Reliance, M&M, and Maruti are witnessing declines, placing them among the primary losers.

A broader analysis of market sentiment unveils that around 1248 stocks are moving upward, while 759 stocks are experiencing declines. This indicates a prevailing positive sentiment within the broader market landscape.

Market Update at 12:35 PM: In the latest market session, both the Sensex and Nifty indices have upheld their upward trajectory, reflecting gains of 0.38 per cent and 0.37 per cent respectively.

Similarly, within the Nifty arena, the Nifty Midcap and Nifty Smallcap categories have witnessed upward movement, registering increases of 0.76 per cent and 0.48 per cent respectively.

Anticipating the European market opening, Monday is expected to be a mixed day for the European markets after they concluded Friday at a six-week low. European Futures for DAX indicate a marginal 0.04 per cent uptick, whereas FTSE futures suggest a slight 0.09 per cent decline.

Furthermore, the India VIX has exhibited a slight surge of 0.44 per cent.

In terms of sectoral performance, the Nifty IT, Nifty Financial Services, and Nifty Metal segments have emerged as the frontrunners in gains, highlighting favorable trends. Conversely, the Nifty PSU Bank and Nifty Media sectors are grappling with losses, marking them as the top decliners.

Zooming in on specific stock movements within the Nifty 50 index, Adani Ports, Bajaj Finance, and Adani Enterprises have ascended as the top gainers. On the contrary, Reliance, M&M, and L&T are facing declines, positioning them among the principal losers.

On a broader scale, approximately 1233 stocks are experiencing upward movement, while 760 stocks are undergoing declines. This indicates a prevailing positive sentiment within the broader market landscape.

Market Update at 11:10 AM: In the latest market movement, both the Sensex and Nifty indices have exhibited gains of 0.3 per cent and 0.27 per cent respectively.

Furthermore, within the Nifty landscape, the Nifty Midcap and Nifty Smallcap have demonstrated an upward trend, recording increases of 0.52 per cent and 0.45 per cent respectively.

Conversely, the India VIX has seen a notable surge of 1.57 per cent, reflecting increased market volatility.

Sector-wise, the Nifty IT, Nifty Financial Services, and Nifty Metal segments have emerged as the leading gainers, showcasing positive momentum. However, the Nifty PSU Bank and Nifty Media sectors have encountered losses, positioning them among the top losers.

Zooming in on specific stock movements within the Nifty 50 index, Adani Ports, Bajaj Finance, and UPL have surged as top gainers. In contrast, Reliance, M&M, and BPCL are facing declines, placing them among the major losers.

A broader analysis of market sentiment reveals that around 1221 stocks are advancing, while 750 stocks are witnessing declines. This suggests a prevailing positive sentiment within the broader market landscape.

Market Update at 9:35 AM: In the latest market opening, both the Sensex and Nifty indices have begun on a positive note, demonstrating increases of 0.23 per cent and 0.27 per cent respectively.

Similarly, within the Nifty spectrum, the Nifty Midcap has started with a rise of 0.47 per cent, while the Nifty Smallcap has displayed a higher opening, marking a gain of 0.52 per cent.

Adding to the landscape, the India VIX has experienced a notable surge of 2.14 per cent, signifying an increase in market volatility.

Looking at sectoral performance, the Nifty IT, Nifty Metal, and Nifty Energy are emerging as the top gainers, showcasing positive momentum. In contrast, the Nifty PSU Bank is the only major segment underperforming.

Examining specific stock movements, Adani Enterprises, Adani Ports, and Power Grid have stood out as top gainers within the Nifty 50 index. Conversely, M&M, Reliance, and Bajaj Auto are encountering declines, positioning them among the top losers.

Analyzing broader market sentiment, around 1331 stocks are advancing, while 541 stocks are undergoing declines. This disparity highlights a prevailing positive sentiment within the broader market landscape.

Pre-Market Update at 8:25 AM: On Sunday night, US S&P 500 futures exhibited minimal fluctuations following a week of losses for the key benchmarks. Futures linked to the broader index made a slight advancement of 0.03 per cent. Dow Jones Industrial Average futures experienced a marginal decline of to 0.02 per cent. In contrast, Nasdaq 100 futures displayed a rise of 0.18 per cent.

Oil prices saw a 1 per cent increase on Friday due to indications of reduced US output. However, both crude benchmarks concluded their lengthiest weekly rally of 2023 amidst growing apprehensions regarding global demand growth. Brent crude futures climbed 0.8 per cent, reaching USD 84.80 per barrel. Meanwhile, the Dollar index experienced a 0.08 per cent drop in futures, reaching 103.35, and the dollar's value lingered near Rs 83.16.

The GIFT Nifty futures signal a slight positive initiation for the benchmark indices, showing an uptick of 24 points subsequent to the Nifty's 55-point decline to 19,310 points on August 18. The GIFT Nifty futures are positioned at 19,348 points.

On August 18, foreign institutional investors (FII) offloaded shares worth Rs 266.98 crore, while domestic institutional investors (DII) bought shares worth Rs 339.18 crore.

Stocks that are banned for trading in the F&O segment on August 21, 2023, are Chambal Fertilisers & Chemicals Ltd, Delta Corp, GNFC, Granules, Hindustan Copper, Indiabulls Housing Finance, India Cements, Manappuram, PNB, SAIL and Zee Entertainment.