Market wrap: Benchmark indices make record highs with Nifty FMCG among the top gainers!

On Thursday, Benchmark indices concluded the trading day on a positive note as Sensex surged by 0.43 per cent and reached its new all-time high at 82,285.83 level, while Nifty soared by 0.40 per cent and reached its record high at 25,192.90 level.

Market Update at 5:15 PM: On Thursday, Benchmark indices concluded the trading day on a positive note as Sensex surged by 0.43 per cent and reached its new all-time high at 82,285.83 level, while Nifty soared by 0.40 per cent and reached its record high at 25,192.90 level. Whereas the Broader market experienced losses as Nifty Midcap closed lower by 0.44 per cent after, while Nifty Smallcap plunged by 0.54 per cent.

Market volatility, as indicated by India VIX, has declined by 1.16 per cent and is trading around the level of 13 reflecting a slight decrease in market volatility.

Within the sectoral landscape, Nifty FMCG, Nifty Energy and Nifty Auto were among the Top Gainers, while Nifty Pharma, Nifty Metal and Nifty Media were among the Top Losers.

Tata Motors, Bajaj Finserv and BPCL were among the top gainers while on the other hand Grasim Industries, M&M and JSW Steel were among the top losers.

About 783 stocks were advancing as against to 1547 that were declining, thus indicating a negative sentiment in the broader market.

Market Update at 2:10 PM: In the current trading session benchmark indices trade on a positive note with the Sensex trading higher by 0.21 per cent, while Nifty gained by 0.1 per cent. Whereas, in the broader indices Nifty Midcap has plunged by 0.87 per cent, while Nifty Smallcap has plummeted by 0.85 per cent.

India VIX has declined by 0.77 per cent and is trading around the level of 13 indicating a decrease in market volatility.

Within the sectoral landscape, Nifty FMCG, Nifty Financial Services and Nifty Energy are among the top gainers while Nifty Metal, Nifty Pharma and Nifty Auto are among the top losers.

Reliance, Bajaj Finserv and Bajaj Finance are among the top gainers while Grasim Industries, M&M and JSW Steel are among the top losing stocks from the Nifty 50.

About 623 stocks are advancing as against 1712 that are declining, thus indicating a negative sentiment in the broader market.

Market Update at 12:35 PM: In the current trading session benchmark indices have surged with Sensex trading higher by 0.51 per cent while Nifty also gained by 0.46 per cent. Whereas, in the broader indices Nifty Midcap has declined by 0.63 per cent, while Nifty Smallcap has plunged by 0.51 per cent.

India VIX has declined by 0.31 per cent and is trading around the mark of 13.5 indicating a slight decrease in market volatility.

European markets edged up as trading commenced on Thursday, with investors focusing on economic data from the region and evaluating the tech sector following Nvidia's earnings release on Wednesday. European futures DAX, CAC and FTSE trade higher by 0.11 per cent, 0.41 per cent and 0.08 per cent respectively.

Within the sectoral landscape Nifty FMCG, Nifty Financial Services and Nifty IT are among the top gainers while Nifty Auto, Nifty Metal and Nifty Realty among the top losers.

Bajaj Finance, Bajaj Finserv and Britannia Industries are among the top gainers within the Nifty 50 while, Grasim Industries, M&M and Dr Reddy’s Laboratories are among the top losers.

About 794 stocks are advancing as against to 1511 stocks that are declining, thus indicating a negative sentiment in the broader market.

Market Update at 11:10 AM: In the ongoing trading session, Benchmark indices are trading on a positive note with Sensex trading higher by 0.3 per cent, while Nifty gained by 0.19 per cent. Whereas in the broader indices Nifty Midcap experience losses of 0.62 per cent, while Nifty Smallcap has plunged by 0.61 per cent.

India VIX is has slightly declined by 0.22 per cent and is trading around the mark of 13, indicating an slight decrease in market volatility.

Within the sectoral landscape, Nifty IT, Nifty Financial Services and Nifty FMCG are among the top gainers while Nifty Metal, Nifty Media and Nifty Auto are among the top losers.

Top gainers in individual stocks are Bajaj Finance, Bajaj Finserv and HCL Technologies whereas, Grasim Industries, Hindalco Industries and Coal India are among the top losers in the Nifty 50.

The broader market sentiment is negative, with 707 stocks advancing compared to 1578 stocks declining.

Market Update at 9:40 AM: On Thursday, Indian markets opened the trading session on a positive note while, the Broader indices also opened higher. Nifty Media emerged as the top gainer, while Nifty Metal experienced the largest losses.

The Sensex is trading up by 0.06 per cent above the 81,800 mark while the Nifty has also gained by 0.04 per cent and is trading above the 25,000 level. Similarly, in the broader indices, the Nifty Midcap gained by 0.09 per cent trading above the 59,100 level while the Nifty Smallcap slightly gained by 0.22 per cent and is trading above the 19,300 mark!

India VIX has marginally gained by 0.07 per cent and is trading above the mark of 13.5, indicating a slight increase in market volatility.

Within the sectoral landscape Nifty Media, Nifty Pharma and Nifty Financial Services are among the top gainers while Nifty Metal, Nifty IT and Nifty Realty are among the losers!

Cipla, Bajaj Auto and Shriram Finance are among the top gainers within the Nifty 50 while Hindalco, LTIMindtree and Ultratech Cement are among the top losers.

About 1192 stocks are advancing as against to 958 stocks that are declining, thus indicating a positive sentiment in the broader market.

Pre-Market Update at 8:00 AM: U.S. stocks declined on Wednesday as investors awaited Nvidia's quarterly report, the week's most anticipated event, which could either stall or further fuel a rally driven by AI optimism.

The S&P 500 dropped 0.60 per cent to close at 5,592.18 points, the Nasdaq fell 1.12 per cent to 17,556.03 points, and the Dow Jones Industrial Average decreased by 0.39 per cent to 41,091.42 points.

The GIFT Nifty indicates a positive start for the Indian Benchmark indices, with a slight gain of 0.14 per cent or 36 points. Nifty futures are currently trading near the 25,173.00 mark.

Oil prices remained largely stable on Thursday as a smaller-than-anticipated drop in U.S. crude inventories and ongoing concerns about demand in China balanced against supply disruptions in Libya.

Brent crude futures edged down 1 cent to USD 78.64 a barrel, while U.S. West Texas Intermediate crude futures rose 8 cents, or 0.1 per cent, to USD 74.60.

On August 28, 2024, foreign institutional investors (FII) offloaded shares worth Rs 1,347.53 crore, while domestic institutional investors (DII) bought shares worth Rs 439.35 crore.    

Stocks that are banned for trading in the F&O segment on August 29, 2024, are BANDHANBNK, GRANULES, HINDCOPPER and INDIACEM.