Benchmark indices close at their new all-time high levels!

On Wednesday’s trading session Benchmark indices concluded the day on a positive note with Sensex closing higher by 0.52 per cent and reached its all-time high of 69,744.62 level.

Market Update at 3:50 PM: On Wednesday’s trading session Benchmark indices concluded the day on a positive note with Sensex closing higher by 0.52 per cent and reached its all-time high of 69,744.62 level. Similarly, Nifty closed higher by 0.4 per cent after reaching its all-time high of 20,961.95 level. Broader indices also closed on a positive note with Nifty Midcap closing higher by 0.25 per cent and Nifty Smallcap closing higher by 0.38 per cent.

Market volatility, as indicated by India VIX, has surged by 2.10 per cent, reflecting an increase in market volatility.

Nifty Media, Nifty IT and Nifty Energy were among the top gainers while, Nifty Bank, Nifty Pharma and Nifty Realty underperformed.

Wipro, LTIMindtree and ITC were among the top gainers while Adani Enterprises, Eicher Motors and Cipla were among the top losing stocks from the Nifty 50.

About 1054 stocks were advancing as against to 983 stocks that were declining, thus indicating a positive sentiment in the broader market.

Market Update at 2:15 PM: In the ongoing trading session, the Sensex has witnessed a 0.47 per cent surge, while the Nifty is trading higher by 0.35 per cent. Simultaneously, Nifty Midcap has seen a rise of 0.24 per cent, and Nifty Smallcap is up by 0.29 per cent.

Market volatility, as reflected by the surge of 3.20 per cent in India VIX, indicates an uptick in market volatility.

Notable gainers among sectors include Nifty Media, Nifty Energy, and Nifty IT, while Nifty Realty, Nifty Pharma, and Nifty Bank emerge as the top losing sectors.

Top-performing individual stocks include LTIMindtree, Wipro, and ITC, whereas Cipla, Bajaj Auto, and Hero Eicher Motors find themselves among the top losers in the Nifty 50.

In the broader market context, about 1044 stocks are advancing, outnumbering the 991 stocks in decline, signaling an overall positive sentiment.

Market Update at 12:40 PM: In the ongoing trading session, the Sensex has recorded a 0.34 per cent surge, while the Nifty is trading higher by 0.25 per cent. Simultaneously, Nifty Midcap has risen by 0.2 per cent, and Nifty Smallcap is up by 0.16 per cent.

Market volatility, indicated by India VIX, has seen a notable increase of 1.63 per cent, signalling a rise in market volatility.

European markets are poised for a positive opening on Wednesday, rebounding from mixed trade earlier in the week. European futures DAX, CAC, and FTSE are trading higher by 0.19 per cent, 0.23 per cent, and 0.33 per cent, respectively.

Among the sectors, Nifty Energy, Nifty Media, and Nifty IT are leading in gains, while Nifty Realty, Nifty Pharma, and Nifty Auto are among the top losing sectors.

Top gainers among individual stocks include LTIMindtree, Wipro, and ITC, whereas Bajaj Auto, Eicher Motors, and Hero Motocorp find themselves among the top losers in the Nifty 50.

In the broader market scenario, about 1071 stocks are advancing, outnumbering the 961 stocks in decline, indicating an overall positive sentiment.

Market Update at 11:15 AM: In the ongoing trading session, the Sensex has experienced a surge of 0.41 per cent, while the Nifty is trading higher by 0.34 per cent. Simultaneously, Nifty Midcap has risen by 0.4 per cent, and Nifty Smallcap is up by 0.2 per cent.

Market volatility, as indicated by India VIX, has seen a notable increase of 3.18 per cent, suggesting a rise in market volatility.

Notable gainers include Nifty Energy, Nifty Media, and Nifty FMCG, while Nifty Bank, Nifty Realty, and Nifty Auto emerge as the top losing sectors.

Leading the gainers among individual stocks are Adani Ports, ITC, and Wipro, while Bajaj Auto, Eicher Motors, and Bharti Airtel find themselves among the top losers in the Nifty 50.

A broader market perspective reveals that 1184 stocks are advancing, outnumbering the 845 stocks in decline, indicating an overall positive sentiment.

Market Update at 9:30 AM: On Wednesday, the Sensex embarked on a positive trajectory, initiating with a 0.3 per cent increase and reaching an all-time high of 69,614.04. Simultaneously, the Nifty demonstrated a robust start, surging by 0.37 per cent and achieving its all-time high at 20,956.55. The Nifty Midcap followed suit with a 0.63 per cent rise, while the Nifty Smallcap experienced a marginal dip of 0.03 per cent.

The India VIX, reflecting market volatility, witnessed a decline of 1.45 per cent, suggesting a potential upswing in market stability.

Noteworthy gainers in this session include Nifty Energy, Nifty Media, and Nifty Metal, while Nifty Realty emerged as the sole major sector exhibiting an underperformance.

In individual stock movements, Adani Ports, Adani Enterprises, and UPL secured positions among the top gainers, contrasting with the top losing stocks in the Nifty 50, namely Bajaj Auto, ICICI Bank, and Eicher Motors.

The broader market sentiment appears positive, with 1184 stocks advancing in comparison to 702 stocks declining, indicating a prevailing optimism among investors.

Pre-Market Update at 8:20 AM: Wall Street experienced a diverse finish on Tuesday, sparked by new employment data that fuelled speculation about an imminent interest rate cut by the US Federal Reserve, possibly as early as March.

In the aftermath, the S&P 500 saw a slight dip of 0.06 per cent, closing the session at 4,567.18 points. Meanwhile, the Nasdaq managed a 0.31 per cent gain, reaching 14,229.91 points, while the Dow Jones Industrial Average experienced a modest decline of 0.22 per cent, settling at 36,124.56 points. The dynamic mix of movements left traders and investors navigating an intriguing landscape, with the prospect of evolving market trends capturing attention.

The GIFT Nifty suggests a neutral opening for the benchmark indices, showing a marginal increase of 20 points. The GIFT Nifty futures are currently positioned at 21,019.50 points.

The State Bank of India has declared its plans to purchase a 20 per cent stake in SBI Pension Funds, with the specific stake currently held by SBI Capital Markets. Currently holding a 60 per cent stake, this acquisition will elevate SBI's ownership in SBI Pension Funds to 80 per cent. The acquisition is valued at Rs 229.52 crore. The remaining 20 percent stake in SBI Pension Funds is held by SBI Funds Management.

On Tuesday, oil prices dropped to their lowest point in nearly five months, driven by a robust US dollar and apprehensions about demand. This marked the market's fourth consecutive day of decline, fuelled by scepticism regarding the announced voluntary supply cuts by OPEC+.

Brent crude oil futures saw a decrease of 83 cents, equivalent to 1.1 per cent, settling at USD 77.20 per barrel. Simultaneously, US West Texas Intermediate crude (WTI) concluded 72 cents, or 1.0 per cent, lower at USD 72.32. The dollar index has recently risen by 0.12 per cent, reaching 103.73, marking approximately one-week highs.

On December 05, 2023, foreign institutional investors (FII) bought shares worth Rs 5,223.51 crore, while domestic institutional investors (DII) sold shares worth Rs 1,399.18 crore.

Stocks that are banned for trading in the F&O segment on December 06, 2023, is DELTACORP, IBULHSGFIN, INDIACEM and ZEEL.