Market Wrap: Nifty finally reaches its 20,000-level mark!

In a significant market development, the Nifty has achieved a historic milestone by surpassing the 20,000 level, marking an impressive gain of 0.89 per cent.

Market Update at 3:40 PM: In a significant market development, the Nifty has achieved a historic milestone by surpassing the 20,000 level, marking an impressive gain of 0.89 per cent. Concurrently, the Sensex has also closed on a positive note, recording a gain of 0.79 per cent.

Furthermore, the Nifty Midcap has shown remarkable strength, concluding with a substantial gain of 1.14 per cent, while the Nifty Smallcap has also exhibited impressive performance by closing significantly higher, surging by 1.33 per cent.

However, there has been a notable surge of 6.22 per cent in the India VIX, indicating an increase in market volatility.

Among the top-performing sectors, Nifty PSU Bank, Nifty Metal, and Nifty Auto have excelled, leading the market in terms of gains. Notably, Nifty Media stood out as the only major sector underperforming for the day.

Analysing individual stocks within the Nifty 50 index, Adani Ports, Adani Enterprises, and Power Grid emerged as top gainers, while Coal India, ONGC, and Bajaj Finance faced declines.

The overall market sentiment remains positive, with approximately 1133 stocks advancing compared to 883 stocks declining, reflecting a slightly optimistic sentiment in the broader market.

Market Update at 2:15 PM: In the latest market update, both the Sensex and Nifty have posted notable gains of 0.53 per cent and 0.63 per cent, respectively, signaling a positive trend for the trading session. Furthermore, the Nifty Midcap has demonstrated a robust rise of 1 per cent, while the Nifty Smallcap has surged significantly by 1.35 per cent, marking impressive performance among smaller companies.

However, there has been a notable increase of 4.36 per cent in the India VIX, indicating a rise in market volatility.

Among the top-performing sectors, Nifty PSU Bank, Nifty Metal, and Nifty Auto are leading the pack, exhibiting strength in their performance. It is worth noting that Nifty Media is the only major sector currently underperforming.

Assessing individual stocks within the Nifty 50 index, Adani Ports, Adani Enterprises, and Apollo Hospitals have emerged as top gainers, while ONGC, Coal India, and Bajaj Finance are among the top losers.

Overall, market sentiment remains optimistic, with approximately 1188 stocks advancing compared to 843 stocks declining, reflecting a positive sentiment in the broader market.

Market Update at 12:35 PM: In the latest market developments, the Sensex and Nifty have registered strong gains of 0.58 per cent and 0.66 per cent, respectively. Moreover, the Nifty Midcap has demonstrated a substantial rise of 0.94 per cent, while the Nifty Smallcap has posted significant gains, surging by 1.25 per cent.

On the global front, European markets are poised for a positive opening on Monday, with investors preparing for a busy week featuring numerous economic data releases worldwide. European futures, including DAX, CAC, and FTSE, are trading higher by 0.33 per cent, 0.37 per cent, and 0.3 per cent, respectively.

Conversely, there has been a notable surge of 4.64 per cent in the India VIX, indicating heightened market volatility.

Among the top-performing sectors, Nifty PSU Bank, Nifty Metal, and Nifty Auto are leading the way, displaying strength in their performance. However, Nifty Media stands out as the only major sector currently underperforming.

Examining individual stocks within the Nifty 50 index, Adani Ports, HDFC Life, and Apollo Hospitals have emerged as top gainers, while ONGC, Coal India, and Cipla are among the top losers.

Overall, market sentiment remains positive, with approximately 1251 stocks advancing compared to 779 stocks declining, signifying an optimistic outlook in the broader market.

Market Update at 11:10 AM: In the latest market update, both the Sensex and Nifty have exhibited robust gains of 0.44 per cent and 0.51 per cent, respectively, indicating a positive trajectory for the market. Additionally, the Nifty Midcap has demonstrated a healthy rise of 0.74 per cent, while the Nifty Smallcap has recorded a significant surge of 1.31 per cent.

However, there has been a notable spike of 4.64 per cent in the India VIX, reflecting increased market volatility.

Among the top-performing sectors, Nifty PSU Bank, Nifty Metal, and Nifty Auto are leading the way, showcasing strength in their performance. Notably, there are currently no major sectors underperforming at this juncture.

When examining individual stocks within the Nifty 50 index, Adani Ports, HDFC Life, and Apollo Hospitals have emerged as top gainers, while IndusInd Bank, Coal India, and Cipla are among the top losers.

Overall, market sentiment remains positive, with approximately 1264 stocks advancing compared to 749 stocks declining, indicating an optimistic outlook in the broader market.

Market Update at 9:35 AM: In the initial moments of the trading session, the Sensex and Nifty have both started with gains of 0.32 per cent and 0.37 per cent, respectively, signalling a positive opening for the market. Furthermore, the Nifty Midcap has shown a 0.49 per cent rise, while the Nifty Smallcap has displayed an impressive opening with a substantial gain of 1.1 per cent.

Conversely, there has been a notable surge of 2.97 per cent in the India VIX, indicating an increase in market volatility.

Among the top-performing sectors, Nifty PSU Bank, Nifty Metal, and Nifty Auto stand out as gainers, demonstrating strength in their performance. Notably, there are currently no major sectors underperforming at this stage.

Looking at individual stocks within the Nifty 50 index, Adani Ports, Apollo Hospitals, and Adani Enterprises have emerged as top gainers, while NTPC, Coal India, and Cipla are among the top losers.

Overall market sentiment appears to be positive, with approximately 1367 stocks advancing compared to 519 stocks declining, reflecting an optimistic tone in the broader market.

Pre-Market Update at 7:45 AM: US stocks posted modest gains on Friday but concluded the week in the red due to renewed concerns that the Federal Reserve might raise interest rates more aggressively than previously anticipated. The S&P 500 rose by 0.14 per cent, breaking a three-day losing streak to finish at 4,457.49 level. The Dow Jones Industrial Average increased by 0.22 per cent, closing at 34,576.59 level, while the Nasdaq Composite recorded a slight 0.09 per cent gain, settling at 13,761.53 level.

Oil prices climbed nearly 1 per cent, reaching a nine-month high, driven by increased U.S. diesel futures and concerns surrounding limited oil availability following the recent extension of supply cuts by Saudi Arabia and Russia. Brent futures saw an uptick of 73 cents, equivalent to 0.8 per cent, settling at USD 90.65 per barrel. Meanwhile, the Dollar index experienced a slight 0.06 per cent decline in futures trading, reaching 105.06. The exchange rate for one dollar remained around Rs 83.12.

The GIFT Nifty signals a slightly bearish opening for the benchmark indices, with a decrease of 10 points. GIFT Nifty futures reached 19,927 points after reaching a peak of 19,937 points.

On September 8, foreign institutional investors (FII) offloaded shares worth Rs 224.22 crore, while domestic institutional investors (DII) bought shares worth Rs 1,150.15 crore.

Stocks that are banned for trading in the F&O segment on September 11, 2023, are Balrampur Chini Mills, Chambal Fertilizers, Delta Corp, Hind Copper, Indiabulls Housing Finance, India Cements, Mannapuram, PNB and SAIL.