Sensex and Nifty rise amid broader market weakness
Sensex is up by 0.27 per cent, hovering around 78,695.15, and Nifty is up by 0.32 per cent, trading near 23,804.20.
Market Update at 9:50 AM: On Thursday, markets opened on a positive note, with both Nifty and Sensex showing positive movement. Nifty PSU Bank index led the gains, while Nifty Media index lagged behind.
As of now, the Sensex is up by 0.27 per cent, hovering around 78,695.15, and Nifty is up by 0.32 per cent, trading near 23,804.20. However, in the broader market, the Nifty Midcap declined about 0.33 per cent to about 56,870, and the Nifty Smallcap is down by 0.36 per cent, trading near 18,665.
India VIX is up by 0.38 per cent, trading at 13.23, indicating a slight rise in market volatility.
Within the sectoral landscape Nifty PSU Bank, Nifty Bank and Nifty Fin Service sector is among the Top Gainers while Nifty Media, Nifty Realty and Nifty MID SELECT sector is underperforming.
BPCL, SBILIFE and BHARTIARTL are among the top gainers within the Nifty 50 while TECHM, TRENT, and ASIANPAINT are among the Top Losers.
About 1,011 stocks are advancing as against to 1,229 stocks that are declining, thus indicating a negative sentiment in the broader market.
Pre-Market Update at 8:25 AM: Wednesday saw US markets closed in observance of Christmas celebrations.
The GIFT Nifty is indicating a muted start for the day. Nifty futures were trading at 23,930.00.
The U.S. 10-year Treasury yield stands at 4.599 per cent, while the 2-year bond yield at 4.343 per cent.
Brent crude traded near $73.7 and WTI above $70 on Thursday, driven by China's stimulus, declining U.S. crude stocks, and geopolitical tensions. Libya's output exceeded 1.4 million barrels per day, adding to supply dynamics.
On December 24 2024, foreign institutional investors (FII) sold shares worth Rs 2,454 crore, while domestic institutional investors (DII) bought shares worth Rs 2,819 crore.
Stocks that are banned for trading in the F&O segment on December 26, 2024, are RBLBANK.
Disclaimer: The article is for informational purposes only and not investment advice.