Market Update: Sensex trading lower by 0.21 per cent while Nifty has also dipped by 0.19 per cent.

Vaishnavi Chauhan
/ Categories: Trending, Mkt Commentary
Market Update: Sensex trading lower by 0.21 per cent while Nifty has also dipped by 0.19 per cent.

About 2,236 stocks are advancing as against to 1,690 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 12:55 PM: In the current trading session benchmark indices have declined with Sensex trading lower by 0.21 per cent while Nifty has also dipped by 0.19 per cent.

Whereas, in the broader indices, the Nifty Mid-cap experienced a significant rally of 1.17 per cent, while the Nifty Small-cap increased by 0.79 per cent.

India VIX is has increased by 3.71 per cent, indicating an increase in market volatility.

European stocks are poised to open on positive note on Monday, European futures DAX, CAC and FTSE trade higher by 0.45 per cent, 0.62 per cent and 0.40 per cent respectively. This rise is driven by corporate earnings and a focus on US politics.

Within the sectoral landscape, Nifty Pharma and Nifty Auto are among the top gainers while Nifty Realty, Nifty FMCG and Nifty IT are among the top losers.

About 2,236 stocks are advancing as against to 1,690 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 11:35 AM: In the ongoing trading session, Benchmark indices are trading on a positive note. Sensex soared by 0.03 per cent, while Nifty rallied by 0.08 per cent.

Similarly, in the broader indices, the Nifty Mid-cap experienced a significant rally of 1.22 per cent, while the Nifty Small-cap increased by 0.08 per cent.

India VIX is has soared by 3.76 per cent, indicating an increase in market volatility.

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Within the sectoral landscape, Nifty Pharma and Nifty Auto are among the top gainers while Nifty Realty, Nifty FMCG and Nifty IT are among the top losers.

The broader market sentiment is positive, with 2,277 stocks advancing compared to 1,548 stocks declining.

 

Market Update at 9:45 AM: On Monday, Indian markets opened trading session on a muted note. In contrast to this, the Broader indices displayed positive performance.

The Sensex is trading down by 0.26 per cent above the 80,392.56 mark while the Nifty has also dipped by 0.25 per placed at 24,466.55 level.

Whereas, in the broader, the Nifty Mid-cap soared by 0.31 per cent trading below the 56,061 level and the Nifty Small-cap rallied by 0.43 per cent.

India VIX has surged by 3.46 per cent, indicating an increase in market volatility.

Within the sectoral landscape Nifty PSU Bank, Nifty Auto and Nifty Pharma was among the top gainers while Nifty Realty and Nifty IT are the major sectors which is underperformed!

About 1,803 stocks are advancing as against to 1,462 stocks that are declining, thus indicating a positive sentiment in the broader market.

 

On July 19, profit booking dominated the market ahead of the Union Budget on July 23, causing major indices to end the day in the red.

By the close of trading, the Sensex had dropped 738.81 points or 0.91 per cent, settling at 80,604.65. Meanwhile, the Nifty fell by 269.90 points or 1.09 per cent, ending at 24,530.90. The GIFT Nifty is trading weak, suggesting a negative start for the upcoming session, with Nifty futures trading at 24,412.

In the U.S., stocks extended their decline on Friday due to lingering chaos related to a global technical outage caused by a software glitch, adding to market uncertainty. The Dow Jones Industrial Average fell by 377.49 points or 0.93 per cent, closing at 40,287.53. The S&P 500 lost 39.59 points or 0.71 per cent, ending at 5,505, and the Nasdaq Composite dropped 144.28 points or 0.81 per cent, finishing at 17,726.94.

On a more positive note, oil prices rose in early trading on Monday as investors anticipated signs of a rate-cut cycle expected to begin as soon as September. This development provided some optimism in an otherwise anxious market environment.

In terms of institutional activity on July 19, foreign institutional investors (FIIs) purchased equities worth Rs 1,506 crore, while domestic institutional investors (DIIs) sold equities amounting to Rs 461 crore.

Disclaimer: The article is for informational purposes only and not investment advice.

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