Market Wrap: Benchmark indices close on a higher note while Broader indices closed mixed!

In the latest market update, the Sensex and Nifty have concluded on a positive note, recording gains of 0.62 per cent and 0.56 per cent, respectively.

Market Update at 3:40 PM: In the latest market update, the Sensex and Nifty have concluded on a positive note, recording gains of 0.62 per cent and 0.56 per cent, respectively. While Nifty Midcap remained steady, Nifty Smallcap saw a notable increase of 0.63 per cent.

Additionally, India VIX experienced a significant 6 per cent decline indicating decreased market volatility.

Prominent gainers among sectors included Nifty IT, Nifty Auto, and Nifty Media, whereas Nifty PSU Bank, Nifty Pharma, and Nifty Metal faced notable losses.

Among individual stocks, L&T, Bajaj Auto, and Titan emerged as top gainers, while Power Grid, Hindalco, and NTPC registered as top losers within the Nifty 50.

The broader market sentiment remained positive, with 1272 stocks advancing compared to 731 stocks declining, indicating an optimistic outlook among investors.

Market Update at 2:10 PM: In the latest market update, the Sensex and Nifty have shown strength, with gains of 0.66 per cent and 0.57 per cent, respectively. Moreover, Nifty Midcap remains steady, while Nifty Smallcap records a 0.45 per cent increase.

Notably, the India VIX has seen a notable 6 per cent decrease, indicating decreased market volatility.

Leading the way among sectors are Nifty IT, Nifty Media, and Nifty Auto, while Nifty Pharma, Nifty Metal, and Nifty PSU Bank face some losses.

Among individual stocks, L&T, Titan, and Infosys are among the top gainers, while Power Grid, Divi’s Laboratories, and HDFC Life are among the top losers within the Nifty 50.

The broader market sentiment remains positive, with 1331 stocks advancing in contrast to 691 stocks declining, indicating overall optimism among investors.

Market Update at 12:40 PM: In the current market scenario, the Sensex and Nifty have demonstrated resilience by trading higher, showing gains of 0.6 per cent and 0.53 per cent, respectively. The Nifty Midcap and Nifty Smallcap segments have also contributed positively, with gains of 0.13 per cent and 0.48 per cent, respectively.

Looking beyond India, European markets are gearing up for a higher opening on Thursday. This comes after a pullback in US treasury yields due to weaker-than-expected jobs data. European futures are displaying mixed trends, with DAX and FTSE futures edging lower by 0.11 per cent and 0.06 per cent, while CAC futures trade higher by 0.16 per cent.

The India VIX, a measure of market volatility, has experienced a significant decline of 4.89 per cent, indicating improved market stability.

In terms of sectoral performance, Nifty Bank, Nifty Media, and Nifty Realty are leading the gainers' list, while Nifty Pharma, Nifty Energy, and Nifty PSU Bank are among the top losers.

Among individual stocks, L&T, ICICI Bank, and Titan are standing out as top gainers, while Power Grid, HCL Tech, and NTPC face some downward pressure within the Nifty 50 index.

Overall, the market sentiment appears positive, with around 1336 stocks advancing against 675 stocks declining, reflecting a favourable outlook in the broader market.

Market Update at 11:10 AM: The Sensex and Nifty are experiencing an uptick, with gains of 0.75 per cent and 0.67 per cent, respectively. Additionally, the Nifty Midcap is showing a modest increase of 0.26 per cent, while the Nifty Smallcap is trading higher by 0.46 per cent.

Market volatility, as measured by the India VIX, has seen a significant decrease of 4.55 per cent.

Among the leading sectors, Nifty IT, Nifty Media, and Nifty Realty are leading the gains, whereas Nifty Pharma, Nifty Energy, and Nifty FMCG are among the top losers.

In terms of individual stocks within the Nifty 50 index, TCS, Infosys, and Titan are emerging as the top gainers, while Power Grid, Divi’s Laboratories, and NTPC are among the leading losers.

Broadly, market sentiment appears positive, with approximately 1407 stocks advancing, compared to 566 stocks declining.

Market Update at 9:30 AM: The Sensex and Nifty have commenced the trading session with gains, showing an increase of 0.5 per cent and 0.48 per cent, respectively. Additionally, the Nifty Midcap has opened notably higher with a rise of 0.87 per cent, while the Nifty Smallcap has started the day with a substantial increase of 1.02 per cent.

Market volatility, as measured by the India VIX, has seen a significant decline of 2.92 per cent.

Among the major sectors, Nifty Media, Nifty Realty, and Nifty PSU Bank are leading the gains, while there are currently no other significant sectors trading in negative territory.

Individual stocks within the Nifty 50 index show Hero Motocorp, BPCL, and Infosys as the top gainers, whereas Divi’s Laboratories, Nestle India, and Bharti Airtel are among the top losers.

In the broader market sentiment, around 1662 stocks are advancing, while only 177 stocks are declining, indicating an overall positive sentiment in the market.

Pre-Market Update at 7:50 AM: On Wednesday evening, U.S. stock futures registered a decline as investors turned their attention to upcoming job-related data. During the regular trading session on Wednesday, US stocks closed with gains, with the S&P 500 posting a 0.81 per cent increase, the Dow climbing 0.39 per cent to break a three-day losing streak, and the Nasdaq Composite, focused on technology stocks, leading the way with a robust 1.35 per cent jump.

On Wednesday, the price of oil experienced a decline of more than USD 3 per barrel. This drop was attributed to concerns about weakening demand due to broader economic challenges, which overshadowed the commitments made by Saudi Arabia and Russia to extend crude output reductions until the end of 2023. Brent crude oil futures saw a significant decrease of USD 3.30, equivalent to 3.63 per cent, bringing the barrel price to USD 87.62.

Simultaneously, the Dollar index saw a marginal 0.06 percent decrease in futures, trading at 106.72. The value of one U.S. dollar remained close to Rs 83.27.

The GIFT Nifty points toward a slight positive beginning for the benchmark indices, showing a gain of 15 points. GIFT Nifty futures have reached 19,479 points after reaching a high of 19,501 points.

On October 04, foreign institutional investors (FII) offloaded shares worth Rs 4,424.02 crore, while domestic institutional investors (DII) bought shares worth Rs 1,769.49 crore.

Stocks that are banned for trading in the F&O segment on October 05, 2023 are Indiabulls Housing Finance, Delta Corp and Manappuram.