Market Wrap: Benchmark indices conclude with substantial declines amid heightened volatility!

In the latest market update, both the Sensex and Nifty have concluded the day with significant declines, posting losses of 0.92 per cent and 0.98 per cent, respectively.

Market Update at 3:40 PM: In the latest market update, both the Sensex and Nifty have concluded the day with significant declines, posting losses of 0.92 per cent and 0.98 per cent, respectively. Furthermore, Nifty Midcap has closed notably lower with a decline of 1.32 per cent, while Nifty Smallcap has seen a comparatively smaller dip of 0.41 per cent.

Market volatility, as indicated by India VIX, has surged by 10.61 per cent, reflecting heightened uncertainty.

Towards the end of the trading session, no major sectors showed positive performance, and the top losers included Nifty IT, Nifty FMCG, and Nifty Media.

Among the individual stocks within the Nifty 50, notable gainers featured L&T, Power Grid, and Bharti Airtel, whereas the leading decliners encompassed Tech Mahindra, Asian Paints, and LTIMindtree.

The broader market sentiment appeared bearish, with approximately 683 stocks advancing compared to 1326 stocks declining, signifying a prevailing negative sentiment.

Market Update at 2:10 PM: In the latest market update, both the Sensex and Nifty are experiencing significant declines, with losses of 0.84 per cent and 0.88 per cent, respectively. Furthermore, Nifty Midcap is down by 0.99 per cent, while Nifty Smallcap has a smaller decrease of 0.27 per cent.

Market volatility, as indicated by India VIX, has surged significantly by 11.48 per cent, reflecting increased uncertainty.

Presently, there are no major sectors showing positive performance, and the top losers include Nifty IT, Nifty FMCG, and Nifty Auto.

Within the Nifty 50, notable gainers comprise L&T, Axis Bank, and ONGC, while the top losers encompass Tech Mahindra, Asian Paints, and LTIMindtree.

The broader market sentiment is negative, with approximately 727 stocks advancing compared to 1276 stocks declining, indicating a prevailing bearish sentiment.

Market Update at 12:40 PM: In the latest market update, both the Sensex and Nifty are showing moderate declines of 0.55 per cent and 0.56 per cent, respectively. On the other hand, Nifty Smallcap is moderately higher by 0.51 per cent, while Nifty Midcap is down by 0.25 per cent.

Looking at European markets, there is a shift towards a positive opening on Thursday, reversing the negative trend observed earlier in the week. European futures, including DAX, FTSE, and CAC, are trading higher by 0.23 per cent, 0.12 per cent, and 0.05 per cent, respectively.

Volatility, as measured by India VIX, has surged by 9.06 per cent, indicating significant increase in volatility.

Among the major sectors, Nifty PSU Bank is the sole gainer, while Nifty IT, Nifty FMCG, and Nifty Auto are among the top losers.

In terms of individual stocks within the Nifty 50, notable gainers include L&T, HDFC Bank, and ONGC, while top losers encompass Tech Mahindra, Asian Paints, and LTIMindtree.

The broader market sentiment appears negative, with approximately 959 stocks advancing compared to 1026 stocks declining, suggesting an overall pessimistic outlook.

Market Update at 11:11 AM: In the current market session, the Sensex and Nifty are experiencing a 0.2 per cent and 0.22 per cent decline, respectively. On the other hand, Nifty Midcap is showing marginal gains of 0.02 per cent, and Nifty Smallcap is exhibiting a more substantial increase of 0.56 per cent.

Notably, the India VIX has surged by 5 per cent, indicating increased volatility in the market.

Among the sectoral indices, Nifty PSU Bank, Nifty Energy, and Nifty Metal are leading in gains, while Nifty IT, Nifty FMCG, and Nifty Bank are witnessing declines.

In terms of individual stocks within the Nifty 50, top gainers include L&T, Axis Bank, and Adani Ports, while top losers consist of Tech Mahindra, Asian Paints, and M&M.

The broader market sentiment appears positive, with approximately 1183 stocks advancing in comparison to 860 stocks declining, reflecting an optimistic outlook.

Market Update at 9:25 AM: The Sensex and Nifty have started the day on a positive note, with gains of 0.17 per cent and 0.14 per cent, respectively. Meanwhile, the Nifty Midcap has opened slightly higher with a 0.21 per cent increase, and the Nifty Smallcap is showing a more substantial gain of 0.65 per cent.

In the volatility index, India VIX has registered a 0.35 per cent increase.

Among the sectoral indices, Nifty PSU Bank, Nifty Metal, and Nifty Energy are leading the gains, while Nifty Media, Nifty FMCG, and Nifty IT are the top losers.

In terms of individual stocks within the Nifty 50, L&T, Bajaj Auto, and JSW Steel are among the top gainers, while Tech Mahindra, Asian Paints, and Bajaj Finance are among the leading losers.

The broader market sentiment appears positive, with approximately 1303 stocks advancing compared to 468 stocks declining, reflecting an optimistic outlook.

Pre-Market Update at 8:05 AM: Wednesday night saw US stock futures trading relatively unchanged as investors prepared for the last trading days of what appears to be a lackluster month and quarter. These developments come on the heels of a mixed session on Wall Street, where the S&P 500 and Nasdaq Composite posted marginal gains of 0.02 per cent and 0.2 per cent, respectively, while the Dow closed down by 0.2 per cent. Notably, during the session, the 10-year US Treasury yield reached a level not witnessed in over 15 years.

In the early hours of Wednesday's trading, there was a slight uptick in oil prices, with market attention directed towards the tightening supply conditions expected for the upcoming winter and the anticipation of a 'gentle landing' for the US economy. Brent crude futures advanced by 33 cents, representing a 0.4 per cent increase, reaching USD 94.29 per barrel. Concurrently, in the futures market, the Dollar index exhibited a modest 0.06 per cent decline, trading at 106.21, while the value of one dollar remained close to Rs 83.22.

The GIFT Nifty suggests a slightly bearish opening for the benchmark indices, signalling a minor decline of 11 points. GIFT Nifty futures reached 19,831 points, having reached a peak of 19,841 points earlier.

On September 27, foreign institutional investors (FII) offloaded shares worth Rs 354.35 crore, while domestic institutional investors (DII) bought shares worth Rs 386.28 crore.

Stocks that are banned for trading in the F&O segment on September 28, 2023, are Delta Corp and India Cements.