Sensex and Nifty show modest gains; Small-caps lead
Sensex up by 0.04 per cent and the Nifty up by 0.05 per cent.
Market Update at 11:40 AM: During the ongoing trading session, benchmark indices are showing a positive trend, with the Sensex up by 0.04 per cent and the Nifty up by 0.05 per cent. However, in the broader market, the Nifty Midcap rose by 0.17 per cent, while the Nifty Smallcap rising by 0.84 per cent.
India VIX declined by 2.22 per cent and is trading around the mark of 14.97, indicating a fall in market volatility.
In the sectoral landscape Nifty Media, Nifty Energy and Nifty Metal emerged as Top Gainers, Nifty Realty, Nifty Pharma and Nifty FMCG sectors are underperforming.
Top gainers in individual stocks are ADANIENT, ADNAIPORTS, and BEL while, BRITANNIA, CIPLA and ONGC is among the Top Losers in the Nifty 50.
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The broader market sentiment is positive, with 1,618 stocks advancing compared to 747 stocks declining.
Market Update at 9:40 AM: On Wednesday, markets opened on a flat note, with both Nifty and Sensex showing flattish movement. The Nifty Auto index led the gains, while the Nifty Realty index lagged behind.
As of now, the Sensex is down by 0.05 per cent, hovering around 79,960, and Nifty is down by 0.07 per cent, trading near 24,170. Similarly, in the broader market, the Nifty Midcap declined about 0.21 per cent to about 55,795, and the Nifty Smallcap is up by 0.40 per cent, trading near 18,335.
India VIX down by 2.48 per cent and is trading at 14.93, indicating a fall in market volatility.
Within the sectoral landscape Nifty Auto, Nifty IT, and Nifty Energy sector is among the Top Gainers while Nifty Realty, Nifty Metal and Nifty FMCG sector are underperforming.
ADANIENT, COALINDIA, and BEL are among the top gainers within the Nifty 50 while CIPLA, INDUSINDBK, and TATASTEEL are among the Top Losers.
About 1,338 stocks are advancing as against to 894 stocks that are declining, thus indicating a positive sentiment in the broader market.
Pre-Market Update at 8:30 AM: Wall Street's major indexes closed on a positive note on Monday, with the Small-Cap Russell 2000 index reaching a record high. This surge followed Scott Bessent's nomination as U.S. Treasury Secretary, which contributed to a decline in bond yields.
The S&P 500 rose by 17.81 points, or 0.30 per cent, finishing at 5,987.15. Similarly, the Nasdaq Composite advanced 51.50 points, or 0.27 per cent, to settle at 19,055.15. The Dow Jones Industrial Average experienced a robust gain of 439.02 points, or 0.99 per cent, closing at 44,735.53.
The GIFT Nifty is trading lower, indicating a lower start for the day. Nifty futures were trading at 24,350.00.
The U.S. 10-year Treasury yield stands at 4.302 per cent, while the 2-year bond yield at 4.246 per cent.
Brent crude stayed below $73 and WTI under $69 on Wednesday as traders weighed a potential OPEC+ output delay and easing Middle East tensions. Despite a US-mediated cease-fire between Israel and Hezbollah, attacks soon resumed. Meanwhile, US crude inventories saw a surprising 5.9-million-barrel drop, the largest since August.
On November 26 2024, foreign institutional investors (FII) bought shares worth Rs 1,157 crore, while domestic institutional investors (DII) sold shares worth Rs 1,910 crore.
As of November 27, 2024, no stocks are under the F&O segment trading ban.
Disclaimer: The article is for informational purposes only and not investment advice.