Market Update: Sensex plunged by 0.26 per cent, while Nifty dipped by 0.19 per cent!

Vaishnavi Chauhan
/ Categories: Trending, Mkt Commentary
Market Update: Sensex plunged by 0.26 per cent, while Nifty dipped by 0.19 per cent!

The broader market sentiment is positive, with 2,726 stocks advancing compared to 943 stocks declining.

Market Update at 11:05 AM: In the ongoing trading session, Benchmark indices are trading on a muted note. Sensex plunged by 0.26 per cent, while Nifty dipped by 0.19 per cent.

In contrast to this, the broader indices, the Nifty Mid-cap experienced a rally of 0.79 per cent, while the Nifty Small-cap increased sufficiently by 1.35 per cent.

India VIX is has decreased by 3.88 per cent, indicating an increase in market volatility.

Within the sectoral landscape, Nifty Media and Nifty Energy are among the top gainers while Nifty Bank, Nifty FMCG and Nifty Financial Services are among the top losers.

The broader market sentiment is positive, with 2,726 stocks advancing compared to 943 stocks declining.

 

Market Update at 9:35 AM: On Wednesday, Indian markets opened trading session on a negative note. In contrast to this, the Broader indices displayed positive performance.

The Sensex is trading lower at 0.25 per cent above the 80,221.69 mark while the Nifty has also dipped by 0.24 per placed at 24,419.45 level.

Whereas, in the broader, the Nifty Mid-cap soared by 0.59 per cent trading below the 56,617 level and the Nifty Small-cap rallied by 1.09 per cent.

India VIX has declined by 3.88 per cent, indicating a decrease in market volatility.

Within the sectoral landscape Nifty Media and Nifty Energy was among the top gainers while Nifty Bank and Nifty Realty are the major sectors which is underperformed.

About 2,352 stocks are advancing as against to 693 stocks that are declining, thus indicating a positive sentiment in the broader market.

 

Pre Market: Indian equity indices ended lower for the third consecutive session on July 23, influenced by various announcements made by Finance Minister Nirmala Sitharaman in her Union Budget speech.

At the close, the Sensex had declined by 73.04 points, or 0.09 per cent, to 80,429.04, while the Nifty had fallen by 30.20 points, or 0.12 per cent, to 24,479.

The GIFT Nifty is trading lower, indicating a negative start for the day.

Nifty futures were trading at 24,409.50. Wall Street's main indexes ended slightly lower on Tuesday, losing modest intraday gains in the final minutes of trading, as investors turned their attention to the latest earnings reports from Alphabet and Tesla.

DSIJ's 'Large Rhino' service recommends blue chip stocks of Large Cap companies that have leadership positions in their category. If this interests you, do download the service details here.

The S&P 500 dropped 8.67 points, or 0.16 per cent, to 5,555.74 points, while the Nasdaq Composite fell 10.22 points, or 0.06 per cent, to 17,997.35. The Dow Jones Industrial Average decreased by 57.35 points, or 0.14 per cent, to 40,358.09.

On July 23, foreign institutional investors (FIIs) were net sellers, offloading equities worth Rs 2,975 crore, while domestic institutional investors purchased equities worth Rs 1,418 crore.

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

Rate this article:
4.0

Leave a comment

Add comment

DSIJ MINDSHARE

Penny Stocks24-Jul, 2024

Mkt Commentary24-Jul, 2024

Multibaggers24-Jul, 2024

Multibaggers24-Jul, 2024

Mindshare24-Jul, 2024

Knowledge

General21-Jul, 2024

MF19-Jul, 2024

General9-Jul, 2024

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR