Market Update: The Sensex and Nifty are trading flat!

Vaishnavi Chauhan
/ Categories: Trending, Mkt Commentary
Market Update: The Sensex and Nifty are trading flat!

About 1,455 stocks are advancing as against 2,458 stocks that are declining, thus indicating a negative sentiment in the broader market.

Market Update at 2:25 PM: In the current trading session the benchmark indices trading on a positive note, with the Sensex trading up by 0.01 per cent touching 81,747.97 mark, while Nifty soared by 0.04 per cent breaking the level of 24,9633.80 points.

Similarly, the broader indices Nifty Mid-cap plunged by 1.26 per cent, while Nifty Small-cap dipped by 1.25 per cent.

India VIX has reduced by 1.66 per cent, indicating a decrease in market volatility.

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

About 1,455 stocks are advancing as against 2,458 stocks that are declining, thus indicating a negative sentiment in the broader market.

 

Market Update at 12:45 PM: In the current trading session benchmark indices have rallied with Sensex trading up by 0.18 per cent while Nifty has also increased by 0.03 per cent.

Additionally, in the broader indices, the Nifty Mid-cap plunged by 0.66 per cent, while the Nifty Small-cap declined by 0.62 per cent.

India VIX has plunged by 1.28 per cent, indicating a slight decrease in market volatility.

European stocks are poised to open on positive note on Thursday, European futures DAX traded low by 0.64 per cent. In contrast to this, CAC and FTSE traded higher by 0.72 per cent and 0.13 per cent, respectively.

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

About 1,608 stocks are advancing as against to 2,236 stocks that are declining, thus indicating a negative sentiment in the broader market.

 

Market Update at 11:25 AM: In the ongoing trading session, Benchmark indices are trading on a positive note. Sensex soared by 0.10 per cent, while Nifty increased by 0.20 per cent.

In the broader indices, the Nifty Mid-cap experienced a decline of 0.28 per cent, while the Nifty Small-cap is down by 0.16 per cent.

India VIX has plunged by 1.28 per cent, indicating a slight decrease in market volatility.

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

The broader market sentiment is negative, with 1,883 stocks advancing compared to 1,897 stocks declining.

 

Market Update at 9:35 AM: On Tuesday, Indian markets opened trading session on a positive note. Similarly, the Broader indices also witnessed a rally.

The Sensex is trading higher at 0.32 per cent above the 81,999.14 mark while the Nifty has also soared by 0.39 per cent placed at 24,048.10 level.

Whereas, in the broader, the Nifty Mid-cap increased by 0.30 per cent trading below the 59,167 level and the Nifty Small-cap soared by 0.38 per cent.

India VIX has plunged by 1.66 per cent, indicating a slight decrease in market volatility.

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

About 2,043 stocks were advancing as against to 1,061 that were declining, thus indicating a positive sentiment in the broader market.

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Pre Market: Indian markets closed higher, tracking gains in European and Asian equities ahead of the key U.S. Federal Reserve interest rate decision, expected later on Wednesday.

At close, the benchmark Sensex rose 0.35 per cent (286 points) to 81,741 points, while the Nifty50 Index settled 0.38 per cent higher at 24,951.15 points.

Among sectoral indices, Nifty Metal was the top gainer, up 1.2 per cent, followed by Nifty Pharma and Media, each up over one percent. Nifty PSU Bank and Nifty Realty were the losers, both down 0.4 per cent.

Additionally, the GIFT Nifty is trading higher, indicating a positive start for the day, with Nifty futures trading at 25,091.

In the U.S., the S&P 500 and Nasdaq recorded their biggest daily gains since February 22. The Dow also rose as chip stocks rallied and the Federal Reserve kept U.S. interest rates unchanged while signaling possible easing in September if inflation cools.

The Fed kept its benchmark overnight interest rate in the 5.25 per cent - 5.50 per cent range but hinted at possible easing in September, seven weeks before the November U.S. elections. The benchmark U.S. 10-year note yield fell 9.8 basis points to 4.043 per cent.

The Dow Jones Industrial Average rose 0.24 per cent to 40,842.79, the S&P 500 gained 1.58 per cent to 5,522.30, and the Nasdaq Composite advanced 2.64 per cent to 17,599.40.

Foreign institutional investors (FIIs) continued selling, offloading equities worth Rs 3,462 crore on July 31, while domestic institutional investors (DIIs) bought equities worth Rs 3,366 crore on the same day.

 

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

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