Markets open on a positive note: Nifty Realty Leads Gains
Sensex is up by 0.23 per cent, hovering around 81,650, and Nifty is up by 0.20 per cent, trading near 25,025.
Market Update at 9:35 AM: On Thursday, Indian markets opened on a positive note, with both Nifty and Sensex showing positive movement. Nifty Realty led the gains, while Nifty Pharma was the biggest laggard.
As of now, the Sensex is up by 0.23 per cent, hovering around 81,650, and Nifty is up by 0.20 per cent, trading near 25,025. Similarly, in the broader market, the Nifty Midcap is up by 0.53 per cent to approximately 59,410, and the Nifty Smallcap is up by 0.78 per cent, trading near 19,010.
India VIX declined by 1.42 per cent and is trading at 13.91, indicating a fall in market volatility.
Within the sectoral landscape Nifty Realty, Nifty MID SELECT, and Nifty Energy are among the Top Gainers while only Nifty Pharma is underperforming.
HCLTECH, POWERGRID, and M&M are among the top gainers within the Nifty 50 while ADANIENT, TRENT, and CIPLA are among the Top Losers.
About 1,744 stocks are advancing as against to 529 stocks that are declining, thus indicating a positive 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: Wall Street stocks rose on Wednesday, with the S&P 500 and Dow reaching record highs after the release of Federal Reserve minutes. The Dow gained 431.63 points (1.03 per cent) to 42,512.00, the S&P 500 added 40.91 points (0.71 per cent) to 5,792.04, and the Nasdaq rose 108.70 points (0.60 per cent) to 18,291.62.
The GIFT Nifty is trading higher, indicating a positive start for the day. Nifty futures were trading at 25,258.25.
The US 10-year Treasury yield dropped by 24 basis points to 4.06 per cent, while the 2-year bond yield declined by 36 basis points to 4 per cent.
Oil prices edged higher on Thursday, recovering from recent losses as attention stayed on the Middle East conflict and potential stimulus in China. Gains were capped by a stronger dollar and a larger-than-expected rise in U.S. inventories. Brent crude futures for December rose 0.4 per cent to $76.89 a barrel, while WTI crude futures increased by 0.4 per cent to $72.86.
On October 09, 2024, foreign institutional investors (FII) sold shares worth Rs 4,562 crore, while domestic institutional investors (DII) bought shares worth Rs 3,508 crore.
Stocks that are banned for trading in the F&O segment on October 10, 2024, are BANDHANBNK, BSOFT, GNFC, GRANULES, HINDCOPPER, IDFCFIRSTB, MANAPPURAM, PNB, RBLBANK, SAIL, TATACHEM.
Disclaimer: The article is for informational purposes only and not investment advice.