Smallcaps rally over 2 per cent, beating broader market indices and large-cap stocks!
Sensex up by 1.36 per cent and the Nifty up by 1.31 per cent.
Market Update at 12:20 AM: During the ongoing trading session, benchmark indices are showing a positive trend, with the Sensex up by 1.36 per cent and the Nifty up by 1.31 per cent. However, in the broader market, the Nifty Midcap rose by 1.86 per cent, while the Nifty Smallcap rising by 2.12 per cent.
India VIX declined by 5.67 per cent and is trading around the mark of 14.31, indicating a fall in market volatility.
In the sectoral landscape Nifty Media, Nifty Realty and Nifty Auto emerged as Top Gainers, no sectors are underperforming.
Top gainers in individual stocks are M&M, TECHM, and ADANIPORTS while, HDFCLIFE, SBILIFE and BAJAJFINSV are among the Top Losers in the Nifty 50.
The broader market sentiment is positive, with 2,066 stocks advancing compared to 303 stocks declining.
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Market Update at 9:40 AM: On Tuesday, markets opened on a positive note, with both Nifty and Sensex showing positive movement. Nifty Media led the gains and no sector was the biggest laggard.
As of now, the Sensex is up by 0.95 per cent, hovering around 78,069.79, and Nifty is up by 0.94 per cent, trading near 23,674.25. However, in the broader market, the Nifty Midcap increased about 1.45 per cent to about 54,827.35, and the Nifty Smallcap is up by 1.59 per cent, trading near 17,785.85.
India VIX down by 5.14 per cent and is trading at 14.39, indicating a fall in market volatility.
Within the sectoral landscape Nifty Media, Nifty Realty and Nifty Auto sector is among the Top Gainers while no sector is underperforming.
TRENT, M&M, and ADANIPORTS are among the top gainers within the Nifty 50 while BAJAJFINSV, HDFCLIFE, and SBILIFE are among the Top Losers.
About 2,037 stocks are advancing as against to 217 stocks that are declining, thus indicating a negative sentiment in the broader market.
Pre-Market Update at 8:10 AM: The Nasdaq and S&P 500 edged higher on Monday, with gains driven by optimism around Nvidia’s upcoming earnings and Tesla’s boost from potential policy support under the Trump administration.
The Dow slipped 55 points, or 0.13 per cent, closing at 43,390. Meanwhile, the S&P 500 rose 23 points (0.39 per cent) to 5,894, and the Nasdaq climbed 112 points (0.60 per cent) to finish at 18,792.
The GIFT Nifty is trading marginally higher, indicating a flat to positive start for the day. Nifty futures were trading at 23,517.90.
The U.S. 10-year Treasury yield stands at 4.408 per cent, while the 2-year bond yield at 4.278 per cent.
Oil prices remained steady on Tuesday, with Brent near $73.3 per barrel and WTI above $69, after a 3.2 per cent surge in the prior session. Supply disruptions added to the rally, as Norway's Johan Sverdrup field halted production and Kazakhstan’s Tengiz venture cut output by 30 per cent due to maintenance.
Rising tensions between Russia and Ukraine, following U.S. approval for Ukraine to use long-range missiles, further supported prices. A weaker U.S. dollar also boosted demand for crude by making it cheaper for international buyers.
On November 18 2024, foreign institutional investors (FII) sold shares worth Rs 1,403 crore, while domestic institutional investors (DII) bought shares worth Rs 2,330 crore.
Stocks that are banned for trading in the F&O segment on November 19, 2024, are AARTIIND, ABFRL, GNFC, GRANULES, HINDCOPPER.
Disclaimer: The article is for informational purposes only and not investment advice.