Market Wrap: Benchmark indices close on a negative note with Nifty Metal, Nifty PSU Bank, and Nifty Energy declining over 2 per cent!
Sensex closed lower by 0.83 per cent and closed at 79,402.29, while Nifty closed lower by 0.90 per cent and closed at 24,180.80 level.
Market Update at 3:45 PM: On Friday, Benchmark indices concluded the trading day on a negative note as Sensex closed lower by 0.83 per cent and closed at 79,402.29, while Nifty closed lower by 0.90 per cent and closed at 24,180.80 level. Similarly, the Broader market, Nifty Midcap closed lower by 1.90 per cent at 55,277.95, while Nifty Smallcap closed lower by 2.20 per cent and closed at 17,847.90.
Market volatility, as indicated by India VIX, rose by 4.72 per cent and is trading at the level of 14.63 reflecting a rise in market volatility.
Within the sectoral landscape, Nifty FMCG sector emerged as Top Gainers, while Nifty Metal, Nifty PSU Bank and Nifty Energy are the sectors which underperformed.
ITC, AXISBANK, and BRITANNIA were among the top gainers while on the other hand INDUSINDBK, ADANIENT, and BPCL were among the Top Losers.
About 300 stocks were advancing as against to 2,060 that were declining, thus indicating a positive sentiment in the broader market.
DSIJ offers a service 'Flash News Investment' with recommendations for Profit-making Ideas for You (Weekly) based on research and analysis to help subscribers make healthy profits. If this interests you, then do download the service details pdf here
Market Update at 12:30 PM: During the ongoing trading session, benchmark indices are showing a negative trend, with the Sensex down by 0.99 per cent and the Nifty down by 1.15 per cent. However, in the broader market, the Nifty Midcap declined by 1.94 per cent, while the Nifty Smallcap rose by 2.18 per cent.
European stock markets are heading for a lower open Friday, European Futures: DAX (-0.25 per cent); CAC (-0.12 per cent); FTSE (-0.14 per cent).
India VIX rose by 5.94 per cent and is trading around the mark of 14.80, indicating a fall in market volatility.
In the sectoral landscape Nifty FMCG emerged as top gainers, while Nifty Auto, Nifty Metal, and Nifty PSU Bank are underperforming.
Top gainers in individual stocks are ITC, AXISBANK, and SUNPHARMA while, INDUSINDBK, M&M, and ADANIENT are among the top losers in the Nifty 50.
The broader market sentiment is negative, with 246 stocks advancing compared to 2,115 stocks declining.
Market Update at 9:45 AM: On Friday, Indian markets opened on a negative note, with both Nifty and Sensex showing negative movement. Nifty FMCG led the gains and Nifty Metal was the biggest laggard.
As of now, the Sensex is down by 0.24 per cent, hovering around 79,870, and Nifty is down by 0.36 per cent, trading near 24,310. Similarly, in the broader market, the Nifty Midcap declined about 1.30 per cent to about 55,600, and the Nifty Smallcap is down by 1.38 per cent, trading near 18,000.
India VIX up by 3.87 per cent and is trading at 14.51, indicating a rise in market volatility.
Within the sectoral landscape Nifty FMCG, Nifty IT and Nifty Pharma are among the top gainers while Nifty Metal, Nifty Media and Nifty Auto are underperforming.
ITC, ASIANPAINT, and BRITANNIA are among the top gainers within the Nifty 50 while INDUSINDBK, NTPC, and M&M are among the top losers.
About 322 stocks are advancing as against to 1,937 stocks that are declining, thus indicating a negative sentiment in the broader market.
Pre-Market Update at 7:45 AM: Global stocks bounced back on Thursday following three consecutive days of declines, as solid corporate earnings and stable U.S. Treasury yields helped calm fears about upcoming elections and potential interest rate reductions.
The Dow Jones dropped 0.33 per cent to 42,374.36, while the S&P 500 gained 0.21 per cent to 5,809.86, and the Nasdaq climbed 0.76 per cent to 18,415.49.
The GIFT Nifty is trading flat, indicating a muted start for the day. Nifty futures were trading at 24,615.00.
The U.S. 10-year Treasury yield stands at 4.196 per cent, while the 2-year bond yield at 4.07 per cent.
Oil prices climbed in Asian trading on Friday, set for a weekly gain as tensions over the Middle East conflict kept a risk premium in place. Israel's vow to strike Iran over an early-October attack raised fears of potential supply disruptions.
Brent crude futures for December rose 0.4 per cent to $74.70 a barrel, while West Texas Intermediate increased by 0.5 per cent to $70.55 a barrel.
On October 24 2024, foreign institutional investors (FII) sold shares worth Rs 5,062 crore, while domestic institutional investors (DII) bought shares worth Rs 3,620 crore.
Stocks that are banned for trading in the F&O segment on October 25, 2024, are AARTIIND, BANDHANBNK, ESCORTS, IEX, INDIAMART, MANAPPURAM, NMDC, PEL, RBLBANK.
Disclaimer: The article is for informational purposes only and not investment advice.