Market Wrap: Sensex and Nifty end on a lower note!

On May 31, the Ministry of Statistics and Programme Implementation announced that India's GDP growth rate increased to 6.1 per cent in the January-March period, marking the first rise in three quarters.

Market update at 3:30 PM: Sensex ends on a lower note by 0.3 per cent below 62,500 while Nifty ends lower by 0.26 per cent below 18,500.

Nifty Midcap ends on a higher note by 0.12 per cent while Nifty Smallcap ends substantially higher by 0.99 per cent.

India VIX had plunged by 2.67 per cent for the day.

Nifty Realty, Pharma and Media were among the top gainers, whereas Nifty Bank, Financial Services and Energy were among the top losers towards the end of the day.

Apollo hospitals, Divi’s Laboratories and Tata Motors were among the top gainers while Coal India, Kotak Bank and Bharti Airtel were among the top losers towards the end of the day.

Market update at 2:15 PM: Sensex and Nifty trades marginally lower by 0.06 per cent and 0.03 per cent respectively.

Nifty Midcap and Small trade higher by 0.43 per cent while Nifty Smallcap trades substantially higher by 1.08 per cent.

India VIX has plunged by 3.26 per cent.

Nifty Realty, PSU Bank and Pharma are among the top performing sectors whereas Nifty Energy, Bank and Financial Services are among the top losing sectors as of now.

Apollo Hospitals, Divi’s Laboratories and Bajaj Auto are among the top gaining stocks from the Nifty 50 and Coal India, Kotak Bank and Bharti Airtel are among the top losing stocks from the Nifty 50.

Market Update at 12:25 PM: Sensex and Nifty 50 trade marginally higher by 0.11 per cent and 0.12 per cent respectively.

Nifty Midcap and Smallcap trade higher by 0.39 per cent and 1.05 per cent respectively.

India VIX has plunged by 4.26 per cent.

Thursday's European market opening appears positive as the US Debt Ceiling Bill reaches its final stages, alleviating the drama.

Nifty Realty, PSU Bank and Pharma are among the top performing sectors whereas Nifty Bank and Energy among the top losing sectors.

Apollo Hospitals, Divi’s Laboratories and Bajaj Auto are among the top gaining stocks from the Nifty 50 and Coal India, Kotak Bank and Bharti Airtel are among the top losing stocks from the Nifty 50.

Market Update at 11:10 AM: Nifty gains 0.13 per cent to trade above 18,500 level while sensex has surged by 0.11 per cent to trade above 62,600 level.

Nifty Midcap has surged by 0.39 per cent whereas Nifty Smallcap has surged significantly by 1.04 per cent.

India VIX has plunged by 3.51 per cent.

Nifty Realty, IT and Pharma are among the top gainers whereas Nifty bank and Energy are among the top losing sectors.

Market Update at 9:30 AM: Sensex opens on a lower note by 88 points just below 62,600 level and Nifty opens marginally lower by 7 points below 18,600 level.

Nifty Realty, Media and Pharma opened among the top gaining sectors whereas Nifty Energy, Bank and Financial Services are amongst the top losing sectors as of now.

Nifty Midcap opened on a higher note by 0.29 per cent while Nifty Smallcap opened substantially higher by 0.8 per cent.

IndiaVIX has plunged by 1.84 per cent.

Market Update at 8:25: AM: Wednesday’s trading frenzy was fueled by a delightful influx of MSCI-related flows, injecting a cool USD 550 million into the market.

Dow Jones Industrial Average futures experienced a 47 point dip. Similarly, both S&P 500 futures and Nasdaq 100 futures saw marginal declines.

On May 31, the Ministry of Statistics and Programme Implementation announced that India's GDP growth rate increased to 6.1 per cent in the January-March period, marking the first rise in three quarters.

The futures of the Dollar index recorded a 0.16 per cent increase, reaching a level of 104.34, while the value of one dollar remained close to Rs 82.69. On Wednesday, oil prices declined due to the strengthening of the U.S. dollar and concerns about demand arising from weak data from China, the leading oil importer.

On May 31, foreign institutional investors (FIIs) purchased shares valued at Rs 3,405.90 crore, while domestic institutional investors (DIIs) offloaded shares worth Rs 2,528.52 crore.

Today’s market is expected to see a slightly lower opening as indicated by the SGX Nifty, which points towards a negative start for the broader index. The SGX Nifty opened the session at 18,589 with a loss of 76.5 points.