Market Wrap: Benchmark indices close on a flat note with Nifty Realty among top gainers!

Sensex closed higher by 0.11 per cent and closed at 83,079.66, while Nifty slightly increased by 0.14 per cent and closed at 25,418.55 level.

Market Update at 3:35 PM: On Tuesday, Benchmark indices concluded the trading day on a flat note as Sensex closed higher by 0.11 per cent and closed at 83,079.66, while Nifty slightly increased by 0.14 per cent and closed at 25,418.55 level. However, the Broader market, Nifty Midcap closed lower by 0.13 per cent at 60,180.75, while Nifty Smallcap declined by 0.37 per cent and closed at 19,465.55.

Market volatility, as indicated by India VIX, has increased by 1.04 per cent and is trading at the level of 12.59 reflecting a slight rise in market volatility.

Within the sectoral landscape, Nifty Realty, Nifty Auto, and Nifty Energy emerged as Top Gainers, while Nifty Media, Nifty PSU Bank, and Nifty Metal are the sectors which underperformed.

HEROMOTOCO, BAJAJ-AUTO, and BHARTIARTL were among the top gainers while on the other hand TATAMOTORS, EICHERMOT, and ADANIPORTS were among the Top Losers.

About 945 stocks were advancing as against to 1,425 that were declining, thus indicating a negative sentiment in the broader market.

Market Update at 12:55 PM: In the current trading session benchmark indices are trading flat with Sensex trading higher by 0.14 per cent while Nifty trading higher by 0.17 per cent. However, in the broader indices Nifty Midcap has declined by 0.16 per cent and is trading around 60,160, while Nifty Smallcap declined by 0.42 percent and is trading around 19,450.

India VIX has declined by 0.24 per cent and is trading around the mark of 12.42 indicating a slight decline in market volatility.

European Stocks are set to open higher on Tuesday as upcoming central bank meetings remain in focus; European Futures; DAX (+0.37 per cent); CAC (+0.10 per cent); FTSE (+0.28 per cent)

Within the sectoral landscape Nifty IT and Nifty Bank are among the top gainers while Nifty Media, Nifty Metal, and Nifty PSU Bank are the sectors which are underperforming.

HEROMOTOCO, BAJAJ-AUTO, and BRITANNIA are among the top gainers within the Nifty 50 while, TATAMOTORS, BPCL, and POWERGRID are among the top losers.

About 918 stocks are advancing as against to 1,447 stocks that are declining, thus indicating a negative sentiment in the broader market.

Market Update at 11:30 AM: In the ongoing trading session, Benchmark indices are trading on a flattish note with Sensex trading higher by 0.11 per cent, and Nifty trading higher by 0.11 per cent. However, in the broader indices Nifty Midcap is also flat, while Nifty Smallcap has declined by 0.36 per cent.

India VIX is flat and is trading around the mark of 12.46.

In the sectoral landscape, Nifty IT and Nifty FMCG emerged as top gainers, while Nifty Media, Nifty PSU Bank, and Nifty Metal are the sectors which are underperforming.

Top gainers in individual stocks are HEROMOTOCO, BRITANNIA, and BAJAJ-AUTO while, TATAMOTORS, BPCL, and ADANIPORTS are among the top losers in the Nifty 50.

The broader market sentiment is negative, with 939 stocks advancing compared to 1,443 stocks declining.

Market Update at 9:40 AM: On Tuesday, Indian markets opened on a steady note, with both Nifty and Sensex trading flat. Nifty FMCG was the top performer, gaining 0.3 per cent, while Nifty Auto was the biggest loser.

The Sensex hovered around 83,000, and Nifty was near 25,400, both remaining flat. In the broader market, Nifty Midcap dipped slightly by 0.03 per cent to around 60,250, and Nifty Smallcap saw a 0.21 per cent drop, trading near 19,500.

India VIX has increased by 1.75 per cent and is trading at 12.77, indicating a rise in market volatility.

Within the sectoral landscape Nifty FMCG is among the top gainers while Nifty Auto, Nifty Realty and Nifty Media are the sectors which are underperforming.

BRITANNIA, DIVISLAB, and APOLLOHOSP are among the top gainers within the Nifty 50 while TATAMOTORS, EICHERMOT, and MARUTI are among the top losers.

About 1,006 stocks are advancing as against to 1,267 stocks that are declining, thus indicating a negative sentiment in the broader market.

Pre-Market Update at 8:30 AM: Wall Street's major indices ended higher on Friday as investors focused on the likelihood of a larger interest rate cut by the Federal Reserve next week. Small-Cap stocks, which are sensitive to rate changes, outperformed.

The Dow Jones Industrial Average climbed 297.01 points, or 0.72 per cent, to close at 41,393.78. The S&P 500 added 30.26 points, or 0.54 per cent, to reach 5,626.02, while the Nasdaq Composite rose by 114.30 points, or 0.65 per cent, to settle at 17,683.98.

U.S. Treasury yields fell, with the 10-year yield declining by 62 basis points to 3.65 per cent, while the 2-year yield declined by 150 basis points to 3.58 per cent.

The GIFT Nifty is showing gains, signaling a strong opening for the day ahead. Nifty futures are currently trading at 25,434.80.

Oil prices rose slightly, driven by hopes of a U.S. interest rate cut this week. However, the gains were limited due to the recovery of U.S. oil supply after Hurricane Francine and weak economic data from China. Brent crude (Nov futures) was trading 0.48 per cent higher at $73.10 per barrel.

On September 16, 2024, foreign institutional investors (FII) sold shares worth Rs 1,634 crore, while domestic institutional investors (DII) bought shares worth Rs 754 crore.

Stocks that are banned for trading in the F&O segment on September 17, 2024, are AARTIIND, BALRAMCHIN, BANDHANBNK, BSOFT, CHAMBLFERT, GNFC, GRANULES, HINDCOPPER, LICHSGFIN, RBLBANK.

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