Market Wrap: Benchmark indices conclude with modest gains, while Nifty Smallcap outperforms!

In today's trading session, the Sensex concludes with a 0.37 per cent increase, closely followed by the Nifty, which recorded a 0.38 per cent gain.

Market Update at 3:40 PM: In today's trading session, the Sensex concludes with a 0.37 per cent increase, closely followed by the Nifty, which recorded a 0.38 per cent gain.

Further highlighting the positive sentiment, the Nifty Midcap marks a 0.19 per cent upswing, while the Nifty Smallcap outperforms with a substantial 1.02 per cent surge.

However, there is a notable uptick of 1.11 per cent in the India VIX, suggesting an increase in market volatility.

Among the top gainers in the sectoral indices are Nifty PSU Bank, Nifty Media, and Nifty Energy, whereas Nifty Auto and Nifty IT are among the top performers.

Zooming in on individual stocks within the Nifty 50, notable gainers include Grasim, Coal India, and Tata Consumer Product, while HDFC Life, M&M, and L&T face losses.

Overall, the market sentiment appears optimistic, with approximately 1291 stocks advancing, outnumbering the 714 stocks in decline, indicating a positive trend in the broader market.

Market Update at 2:25 PM: In the current market scenario, the Sensex registers an uptick of 0.43 per cent, closely mirrored by the Nifty, which advances by 0.45 per cent. However, the Nifty Midcap exhibits a marginal decline of 0.05 per cent, in contrast to the Nifty Smallcap, which demonstrates a substantial gain of 0.54 per cent.

Meanwhile, there has been a notable surge of 2.57 per cent in the India VIX, indicating increasing market volatility.

Among the sectoral movers, Nifty Energy, Nifty Media, and Nifty PSU Bank emerge as the top gainers, while Nifty Auto and Nifty IT face losses.

Within the Nifty 50, leading performers include Coal India, Grasim, and Titan, while HDFC Life, L&T, and Divi’s Laboratories find themselves among the top decliners.

Considering market breadth, approximately 1250 stocks are on an upward trajectory, while 834 stocks are in decline. This suggests an overall positive sentiment prevailing in the broader market.

Market Update at 12:40 PM: In the current market session, the Sensex shows a modest uptick of 0.26 per cent, closely followed by the Nifty, which is trading 0.27 per cent higher. However, the Nifty Midcap index has slipped by 0.45 per cent, in contrast to the Nifty Smallcap, which is exhibiting a minimal 0.12 per cent surge.

Looking at global trends, European markets are bracing for a bearish start this Wednesday, with the DAX, FTSE, and CAC futures trading down by 0.52 per cent, 0.18 per cent, and 0.38 per cent, respectively. This decline is likely attributed to the anticipation surrounding the release of the latest US Inflation data for August, which has stirred investor caution.

Adding to the market dynamics, the India VIX has experienced a 1.54 per cent surge, indicating increased volatility in the Indian market.

Among the sectoral movers, Nifty Energy, Nifty Media, and Nifty PSU Bank are leading the gains, while Nifty Auto, Nifty Realty, and Nifty IT are grappling with losses.

Zooming in on individual stocks within the Nifty 50, Coal India, Grasim, and BPCL are among the top performers, whereas HDFC Life, L&T, and Adani Ports find themselves among the top decliners.

As for market breadth, approximately 1157 stocks are advancing, contrasting with 834 stocks in decline, painting a somewhat optimistic sentiment in the broader market.

Market Update at 11:05 AM: In the current trading session, we witness a steady but cautious performance as the Sensex and Nifty show minor increase of 0.4 per cent and 0.05 per cent, respectively.

The real story unfolds in the Midcap and Smallcap segments, with Nifty Midcap down 0.87 per cent and Nifty Smallcap slipping by 0.48 per cent.

Adding to the intrigue, the India VIX surges by 0.68 per cent indicating a slight increase in market volatility.

As we delve into sectoral dynamics, Nifty Energy, Nifty Pharma, and Nifty PSU Bank emerge as the frontrunners, while Nifty Realty, Nifty Auto, and Nifty IT face setbacks.

Notable gainers in today's narrative include BPCL, Grasim, and Power Grid, while HDFC Life, L&T, and HCL Tech bear the brunt within the Nifty 50.

The broader market sentiment is discerned by 652 advancing stocks versus 1333 declining ones, painting a picture of caution among investors.

Market Update at 9:35 AM: Indian stock markets witnessed a lower opening, with the Sensex edging down by 0.15 per cent and the Nifty declining by 0.11 per cent.

The Nifty Midcap index saw a decline of 0.17 per cent, while the Nifty Smallcap index surged significantly by 0.57 per cent.

The India VIX, indicating market volatility, declined by 0.60 per cent.

Among the top gainers in the early trading session were Nifty Media, Nifty Energy, and Nifty Pharma, while Nifty IT, Nifty Realty, and Nifty Financial Services lagged behind.

Notable gainers from the Nifty 50 included Grasim, Ultratech Cement , and Coal India, while HDFC Life, TCS, and HCL Tech faced losses.

Market sentiment appeared positive, with approximately 1256 stocks advancing, outnumbering the 587 stocks that declined. This mixed start reflects the dynamic nature of the Indian stock market in response to various sectoral performances.

Pre-Market Update at 7:55 AM: On Tuesday's primary trading session, the major US stock indices experienced losses, with the Nasdaq Composite being the hardest hit, dropping by 1 per cent due to pressure on technology stocks. The S&P 500 declined by nearly 0.6 per cent, while the Dow registered a marginal drop of less than 0.1 per cent.

Investor attention is shifting to the forthcoming August Consumer Price Index (CPI) report scheduled for release on Wednesday morning, which is expected to be a key focus for Wall Street.

On Tuesday, oil prices surged by approximately 2 per cent, reaching a nearly 10-month high, driven by a more limited supply outlook and OPEC's positive outlook regarding the strength of energy demand in significant economies. Brent crude futures climbed by USD 1.64, equivalent to a 1.8 per cent increase, settling at USD 92.28 per barrel. Meanwhile, the Dollar index in futures recorded a 0.15 per cent increase at 104.72, with the dollar's value remaining close to Rs 83.09.

The GIFT Nifty points to a slightly optimistic opening for the Benchmark indices, showing an increase of 62 points. GIFT Nifty futures were at 20,092 points, reaching a peak of 20,153 points.

On September 12, foreign institutional investors (FII) offloaded shares worth Rs 1,047.19 crore, while domestic institutional investors (DII) bought shares worth Rs 259.48 crore.

Stocks that are banned for trading in the F&O segment on September 13, 2023, are BHEL, Chambal Fertilizers, Delta Corp, Hind Copper, Indiabulls Housing Finance, IEX, India Cements, Manappuram, National Aluminium Company and SAIL.