DSIJ Mindshare

Markets open in the red; Nifty Realty drags, Nifty IT gains
Gaurav Taparia
/ Categories: Trending, Mkt Commentary

Markets open in the red; Nifty Realty drags, Nifty IT gains

Sensex is down by 0.20 per cent, hovering around 80,070, and Nifty is down by 0.27 per cent, trading near 24,410.

Market Update at 9:45 AM: On Wednesday, Indian markets opened on a negative note, with both Nifty and Sensex showing negative movement. Nifty IT led the gains and Nifty Realty was the biggest laggard.

As of now, the Sensex is down by 0.20 per cent, hovering around 80,070, and Nifty is down by 0.27 per cent, trading near 24,410. Similarly, in the broader market, the Nifty Midcap declined about 0.44 per cent to about 55,900, and the Nifty Smallcap is down by 0.55 per cent, trading near 17,960.

India VIX up by 4.03 per cent and is trading at 14.98, indicating a rise in market volatility.

Within the sectoral landscape Nifty Fin Service, Nifty IT and Nifty FMCG are among the Top Gainers while Nifty Realty, Nifty Energy and Nifty PSU Bank are underperforming.

BAJFINANCE, BAJAJFINSV, and HDFCBANK are among the top gainers within the Nifty 50 while NTPC, POWERGRID, and M&M are among the Top Losers.

About 750 stocks are advancing as against to 1,535 stocks that are declining, thus indicating a negative sentiment in the broader market.

DSIJ offers a service 'Flash News Investment' with recommendations for Profit-making Ideas for You (Weekly) based on research and analysis to help subscribers make healthy profits. If this interests you, then do download the service details pdf here

Pre-Market Update at 8:30 AM: US stocks were mostly flat on Tuesday, with the Nasdaq making a modest gain as investors monitored Treasury yields and awaited earnings reports.

The Dow slipped 6.71 points, or 0.02 per cent, to 42,924.89, the S&P 500 dipped 2.78 points, or 0.05 per cent, to 5,851.20, while the Nasdaq rose 33.12 points, or 0.18 per cent, to 18,573.13.

The GIFT Nifty is trading slightly positive, indicating a flat start for the day. Nifty futures were trading at 24,670.60.

The U.S. 10-year Treasury yield stands at 4.21 per cent, while the 2-year bond yield at 4.04 per cent.

Oil prices slipped on Wednesday after data revealed a larger-than-expected rise in U.S. crude inventories. Meanwhile, the market remained focused on diplomatic efforts in the Middle East as Israel continued its strikes on Gaza and Lebanon.

Brent crude futures fell 31 cents, or 0.4 per cent, to $75.73 a barrel, while U.S. West Texas Intermediate crude dropped 32 cents, or 0.5 per cent, to $71.42 per barrel.

On October 22 2024, foreign institutional investors (FII) sold shares worth Rs 3,978 crore, while domestic institutional investors (DII) bought shares worth Rs 5,869 crore.

Stocks that are banned for trading in the F&O segment on October 23, 2024, are AARTIIND, BANDHANBNK, BSOFT, CHAMBLFERT, GNFC, IEX, INDIAMART, LTF, MANAPPURAM, PEL, PNB, RBLBANK.

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

Previous Article LIC-Backed Energy Company Signs PPA for 700 MW Solar Project with SECI Following MSEDCL Agreement: FIIs Nearly Double Stake in Q1 FY25!
Next Article 1:1 Bonus Share & Rs 6,355 Crore Order Book: Railway Civil Construction Company Bags New Order Worth Rs 453,99,00,000 From KMERC
Print
81 Rate this article:
No rating
Please login or register to post comments.
DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR