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Market wrap: The benchmark indices concluded the trading day on a negative note!
Vaishnavi Chauhan
/ Categories: Trending, Mkt Commentary

Market wrap: The benchmark indices concluded the trading day on a negative note!

About 2,802 stocks were advancing as against to 1,094 that were declining, thus indicating a negative sentiment in the broader market.

Market Update at 3:45 PM: On Wednesday, the market showed muted sentiment. The benchmark indices concluded the trading day on a negative note, with the Sensex dipped by 0.35 per cent to 80,148.89, while the Nifty dropped by 0.27 per cent to 24,413.50.

Furthermore, the broader market experienced a soared, with the Nifty Mid-cap closing up by 1.04 per cent and the Nifty Small-cap rallied by 1.76 per cent.

Market volatility, as indicated by India VIX, has reduced by 7.73 per cent, closing below 12 this is reflecting an decrease in market volatility.

Within the sectoral landscape, Nifty Media and Nifty Realty are among the top gainers while Nifty Bank, Nifty Financial Services and Nifty FMCG are among the top losers.

About 2,802 stocks were advancing as against to 1,094 that were declining, thus indicating a negative sentiment in the broader market.

 

Market Update at 2:25 PM: In the current trading session post budget announcement the benchmark indices trade on a muted note with the Sensex trading lower by 0.23 per cent touching 80,240 mark, while Nifty plunged by 0.19 per cent breaking the level of 24,433.80 points.

In contrast to this, the broader indices Nifty Mid-cap soared by 1.02 per cent, while Nifty Small-cap rallied by 1.79 per cent.

India VIX has declined by 5.73 per cent, indicating significant decrease in market volatility.

Within the sectoral landscape, Nifty Media and Nifty Realty are among the top gainers while Nifty Bank, Nifty Financial Services and Nifty FMCG are among the top losers.

About 2,700 stocks are advancing as against 1,137 stocks that are declining, thus indicating a negative sentiment in the broader market.

 

Market Update at 12:45 PM: In the current trading session benchmark indices have declined with Sensex trading lower by 0.69 per cent while Nifty has also dipped by 0.57 per cent.

Whereas, in the broader indices, the Nifty Mid-cap experienced a significant rally of 0.66 per cent, while the Nifty Small-cap increased by 1.31 per cent.

India VIX is has decreased by 2.84 per cent, indicating a decline in market volatility.

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European stocks are poised to open on positive note on Wednesday, European futures DAX, CAC and FTSE trade lower by 0.73 per cent, 1.14 per cent and 0.41 per cent respectively. The decline is attributed to PMIs and earnings.

Within the sectoral landscape, Nifty Media and Nifty Energy are among the top gainers while Nifty Bank, Nifty Financial Services and Nifty PSU Bank are among the top losers.

About 2,665 stocks are advancing as against to 1,102 stocks that are declining, thus indicating a positive sentiment in the broader market.

 

Market Update at 11:05 AM: In the ongoing trading session, Benchmark indices are trading on a muted note. Sensex plunged by 0.26 per cent, while Nifty dipped by 0.19 per cent.

In contrast to this, the broader indices, the Nifty Mid-cap experienced a rally of 0.79 per cent, while the Nifty Small-cap increased sufficiently by 1.35 per cent.

India VIX is has decreased by 3.88 per cent, indicating an increase in market volatility.

Within the sectoral landscape, Nifty Media and Nifty Energy are among the top gainers while Nifty Bank, Nifty FMCG and Nifty Financial Services are among the top losers.

The broader market sentiment is positive, with 2,726 stocks advancing compared to 943 stocks declining.

 

Market Update at 9:35 AM: On Wednesday, Indian markets opened trading session on a negative note. In contrast to this, the Broader indices displayed positive performance.

The Sensex is trading lower at 0.25 per cent above the 80,221.69 mark while the Nifty has also dipped by 0.24 per placed at 24,419.45 level.

Whereas, in the broader, the Nifty Mid-cap soared by 0.59 per cent trading below the 56,617 level and the Nifty Small-cap rallied by 1.09 per cent.

India VIX has declined by 3.88 per cent, indicating a decrease in market volatility.

Within the sectoral landscape Nifty Media and Nifty Energy was among the top gainers while Nifty Bank and Nifty Realty are the major sectors which is underperformed.

About 2,352 stocks are advancing as against to 693 stocks that are declining, thus indicating a positive sentiment in the broader market.

 

Pre Market: Indian equity indices ended lower for the third consecutive session on July 23, influenced by various announcements made by Finance Minister Nirmala Sitharaman in her Union Budget speech.

At the close, the Sensex had declined by 73.04 points, or 0.09 per cent, to 80,429.04, while the Nifty had fallen by 30.20 points, or 0.12 per cent, to 24,479.

The GIFT Nifty is trading lower, indicating a negative start for the day.

Nifty futures were trading at 24,409.50. Wall Street's main indexes ended slightly lower on Tuesday, losing modest intraday gains in the final minutes of trading, as investors turned their attention to the latest earnings reports from Alphabet and Tesla.

The S&P 500 dropped 8.67 points, or 0.16 per cent, to 5,555.74 points, while the Nasdaq Composite fell 10.22 points, or 0.06 per cent, to 17,997.35. The Dow Jones Industrial Average decreased by 57.35 points, or 0.14 per cent, to 40,358.09.

On July 23, foreign institutional investors (FIIs) were net sellers, offloading equities worth Rs 2,975 crore, while domestic institutional investors purchased equities worth Rs 1,418 crore.

Disclaimer: The article is for informational purposes only and not investment advice.

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