Market Wrap: Benchmark indices concluded on a higher note with Nifty PSU Bank among the top gainers!

In the latest trading session, the Sensex and Nifty have concluded on a positive note, posting gains of 0.37 per cent and 0.48 per cent, respectively.

Market Update at 3:40 PM: In the latest trading session, the Sensex and Nifty have concluded on a positive note, posting gains of 0.37 per cent and 0.48 per cent, respectively. Notably, the Nifty Midcap has closed significantly higher with an impressive gain of 0.98 per cent, while the Nifty Smallcap has made substantial gains, closing up by 1.33 per cent.

Additionally, there has been a notable decline of 3.61 per cent in the India VIX, reflecting reduced market volatility.

Leading the gains were Nifty PSU Bank, Nifty Metal, and Nifty IT, while Nifty FMCG was the only major sector underperforming.

Among individual stocks within the Nifty 50 index, Coal India, Wipro, and HCL Tech emerged as top gainers, while Nestle India, M&M, and Axis Bank witnessed declines.

The broader market sentiment remains positive, with 1290 stocks advancing compared to 728 stocks declining, reaffirming the prevailing bullish sentiment.

Market Update at 2:10 PM: In the current trading session, the Sensex and Nifty are displaying upward movement, registering gains of 0.27 percent and 0.36 percent, respectively. Notably, the Nifty Midcap is surging significantly with an impressive gain of 0.87 percent, while the Nifty Smallcap is making substantial strides, rising by 1.4 percent.

Moreover, there has been a substantial drop of 3.34 percent in the India VIX, indicating reduced volatility in the market.

Leading the gains are Nifty Metal, Nifty IT, and Nifty PSU Bank, while Nifty FMCG stands as the sole major sector underperforming.

In terms of individual stocks within the Nifty 50 index, Hindalco, Coal India, and Tata Steel are among the top gainers, while Asian Paints, Nestle India, and Titan are among the leading losers.

The broader market sentiment is overwhelmingly positive, with 1350 stocks advancing in contrast to 670 stocks declining, further affirming the bullish outlook.

Market Update at 12:30 PM: In today's trading session, the Sensex and Nifty are showing strength with gains of 0.25 per cent and 0.36 per cent, respectively. The Nifty Midcap is also on the rise, posting a gain of 0.9 per cent, while the Nifty Smallcap is making substantial gains, up by 1.3 per cent.

Additionally, European markets are poised for a positive start to the new trading week, likely influenced by overnight trading in the Asia Pacific markets. European futures for the DAX, FTSE, and CAC are trading higher by 0.28 per cent, 0.17 per cent, and 0.24 per cent, respectively.

Meanwhile, the India VIX has experienced a notable decline of 2.55 per cent, indicating reduced volatility.

Among the top gainers in the Indian market are Nifty Metal, Nifty IT, and Nifty PSU Bank, while Nifty FMCG, Nifty Financial Services, and Nifty Auto are among the top losers.

Notable performers in the Nifty 50 index include Jio Financial Services, Coal India, and Tata Steel as top gainers, while M&M, Nestle India, and SBI Life are leading the decliners.

In a broader market perspective, positive sentiment prevails, with 1368 stocks advancing compared to 642 stocks declining, signalling a favourable outlook.

Market Update at 11:00 AM: In the current market scenario, the Sensex is observing a marginal decline of 0.13 per cent, while the Nifty is making marginal gains of 0.06 per cent. Notably, the Nifty Midcap is exhibiting strong growth, up by 0.75 per cent, and the Nifty Smallcap is surging substantially with a gain of 1.2 per cent.

Meanwhile, the India VIX has seen a notable drop of 1.58 per cent.

Among the leading gainers are Nifty Metal, Nifty Realty, and Nifty PSU Bank, while Nifty FMCG, Nifty Financial Services, and Nifty Auto are among the top losers.

Key performers within the Nifty 50 index include Jio Financial Services, Tata Steel, and Coal India as top gainers, whereas M&M, Asian Paints, and SBI Life are leading the decliners.

A positive sentiment prevails in the broader market, with 1349 stocks advancing compared to 641 stocks declining, indicating a mixed landscape in the Indian markets.

Market Update at 9:30 AM: In the initial moments of trading, the Indian stock market exhibited strength, with the Sensex and Nifty rising by 0.3 per cent and 0.41 per cent, respectively. Notably, the Nifty Midcap and Smallcap indices also showed robust gains of 0.51 per cent and 0.95 per cent.

India VIX experienced a slight decrease of 0.53 per cent indicating a slightly decreased volatility.

Leading the pack among gainers were Nifty Metal, Nifty Media, and Nifty Realty, while no major sectors were lagging behind at the moment.

 Prominent stocks in the Nifty 50 index included Jio Financial Services, Tata Steel, and Hindalco, with Asian Paints, Nestle India, and Britannia as the top decliners.

The broader market reflected a favourable sentiment, with 1560 stocks advancing compared to 316 declining, signalling a positive outlook.

Pre-Market Update at 7:55 AM: The Dow Jones Industrial Average climbed on Friday, rounding off a successful week, driven by the assessment of the latest US jobs report. The 30-stock Dow increased by 0.33 per cent, closing at 34,837.71. The S&P 500 edged up about 0.18 per cent, concluding the session at 4,515.77, while the Nasdaq Composite dipped slightly by 0.02 per cent, ending the day at 14,031.81.

Oil prices appeared poised to halt a two-week decline, climbing for the fourth consecutive day. This increase was attributed to tightening supplies and the anticipation that the OPEC+ coalition of oil-producing nations would prolong production cuts through the end of the year. Brent crude advanced by 0.9 per cent to reach USD 87.65 per barrel. In currency markets, the Dollar index experienced a marginal 0.01 per cent dip in futures trading, settling at 104.23. The value of one US dollar remained near Rs 82.67.

The GIFT Nifty suggests a slightly optimistic opening for the benchmark indices, showing a 15-point increase. GIFT Nifty futures reached 19,573 points after hitting a peak at 19,573 points.

On September 1, foreign institutional investors (FII) bought shares worth Rs 487.94 crore, while domestic institutional investors (DII) purchased shares worth Rs 2,294.93 crore.

Stock that is banned for trading in the F&O segment on September 04, 2023, is Indiabulls Housing Finance.