Market Wrap: Benchmark indices close on a negative note with Nifty Realty and Nifty Energy among top losers!
Sensex closed lower by 1.18 per cent and closed at 78,782.24, while Nifty closed lower by 1.27 per cent and closed at 23,995.35 level.
Market Update at 3:40 PM: On Monday, Benchmark indices concluded the trading day on a negative note as Sensex closed lower by 1.18 per cent and closed at 78,782.24, while Nifty closed lower by 1.27 per cent and closed at 23,995.35 level. Similarly, the Broader market, Nifty Midcap closed lower by 1.26 per cent at 55,784.55, while Nifty Smallcap closed lower by 1.97 per cent and closed at 18,424.65.
Market volatility, as indicated by India VIX, rose by 4.97 per cent and is trading at the level of 16.69 reflecting a slight rise in market volatility.
Within the sectoral landscape, no sector emerged as Top Gainers, while Nifty Realty, Nifty Energy, and Nifty Media underperformed.
M&M, TECHM, and CIPLA were among the top gainers while on the other hand HEROMOTOCO, GRASIM, and BAJAJ-AUTO were among the Top Losers.
About 472 stocks were advancing as against to 1,879 that were declining, thus indicating a negative sentiment in the broader market.
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Market Update at 12:40 PM: During the ongoing trading session, benchmark indices are showing a negative trend, with the Sensex down by 1.60 per cent and the Nifty down by 1.75 per cent. However, in the broader market, the Nifty Midcap down by 1.45 per cent, while the Nifty Smallcap declined by 2.14 per cent.
India VIX rose by 8.11 per cent and is trading around the mark of 17.19, indicating a rise in market volatility.
European futures: DAX (+0.12 per cent); CAC (+0.09 per cent); FTSE (-0.05 per cent).
In the sectoral landscape no sector emerged as top gainers, while Nifty Energy, Nifty Realty, and Nifty Media sectors are underperforming.
Top gainers in individual stocks are TECHM, CIPLA, and M&M while, HEROMOTOCO, BAJAJ-AUTO and GRASIM are among the top losers in the Nifty 50.
The broader market sentiment is negative, with 382 stocks advancing compared to 1,972 stocks declining.
Market Update at 9:40 AM: On Thursday, markets opened on a negative note, with both Nifty and Sensex showing negative movement. No sector led the gains and Nifty Media was the biggest laggard.
As of now, the Sensex is down by 0.77 per cent, hovering around 79,110, and Nifty is down by 0.85 per cent, trading near 24,100. Similarly, in the broader market, the Nifty Midcap declined about 0.85 per cent to about 56,010, and the Nifty Smallcap is down by 1.18 per cent, trading near 18,570.
India VIX up by 5.72 per cent and is trading at 16.81, indicating a rise in market volatility.
Within the sectoral landscape no sector is among the top gainers while Nifty Media, Nifty Energy and Nifty Pharma are underperforming.
M&M, TECHM, and HCLTECH are among the top gainers within the Nifty 50 while BAJAJ-AUTO, SUNPHARMA, and HEROMOTOCO are among the top losers.
About 405 stocks are advancing as against to 1,876 stocks that are declining, thus indicating a negative sentiment in the broader market.
Pre-Market Update at 8:20 AM: Wall Street's main indexes closed higher on Friday, bouncing back from Thursday's dip. Amazon's strong earnings helped offset October’s major drop in U.S. job growth.
The Dow rose 288.73 points (0.69 per cent) to 42,052.19, the S&P 500 added 23.35 points (0.41 per cent) to 5,728.80, and the Nasdaq gained 144.77 points (0.80 per cent) to 18,239.92.
The GIFT Nifty is trading flat, indicating a muted start for the day. Nifty futures were trading at 24,383.65.
The U.S. 10-year Treasury yield stands at 4.386 per cent, while the 2-year bond yield at 4.212 per cent.
U.S. crude futures rose more than 1 per cent on Monday after OPEC+ members decided to postpone a planned output increase by one month. West Texas Intermediate increased by 1.42 per cent to $70.47 per barrel, while Brent went up 1.37 per cent to $74.10.
On November 1 2024, foreign institutional investors (FII) sold shares worth Rs 211 crore, while domestic institutional investors (DII) sold shares worth Rs 377 crore.
As of November 4, 2024, no stocks are under the F&O segment trading ban.
Disclaimer: The article is for informational purposes only and not investment advice.