Market Wrap: Benchmark indices close on a positive note with Nifty FMCG among the top gainers!

Sensex surged by 0.46 per cent and closed at 81,559.54, while Nifty surged by 0.34 per cent and closed at 24,936.40 level.

Market Update at 3:40 PM: On Monday, Benchmark indices concluded the trading day on a positive note as Sensex surged by 0.46 per cent and closed at 81,559.54, while Nifty surged by 0.34 per cent and closed at 24,936.40 level. However, the Broader market, Nifty Midcap closed lower by -0.26 per cent at 58,347.40, while Nifty Smallcap declined by -0.93 per cent and closed at 19,097.40.

Market volatility, as indicated by India VIX, has declined by 6.44 per cent and is trading at the level of 14.24 reflecting a decline in market volatility.

Within the sectoral landscape, Nifty FMCG, Nifty Bank, and Nifty Fin Service emerged as Top Gainers, while Nifty IT, Nifty Energy, and Nifty Metal are the sectors which underperformed.

HINDUNILVR, SHRIRAMFIN, and ICICIBANK were among the top gainers while on the other hand ONGC, TECHM, and HINDALCO were among the Top Losers.

About 845 stocks were advancing as against to 1,531 that were declining, thus indicating a negative sentiment in the broader market.

Market Update at 12:45 PM: In the current trading session benchmark indices have gained with Sensex trading higher by 0.10 per cent while Nifty trading higher by 0.02 per cent. Similarly, in the broader indices Nifty Midcap has declined by 0.80 per cent, while Nifty Smallcap declined by 1.67 per cent.

India VIX has declined by 3.29 per cent and is trading around the mark of 14.72 indicating a rise in market volatility.

European Stocks are set to open higher. European Futures; DAX (0.60 per cent), CAC (0.43 per cent), and FTSE (0.89 per cent).

Within the sectoral landscape only Nifty FMCG is among the top gainers while Nifty PSU Bank, Nifty Energy and Nifty Metal are the sectors which are underperforming.

HINDUNILVR, SHRIRAMFIN, and SBILIFE are among the top gainers within the Nifty 50 while, ONGC, HINDALCO, and TATAMOTORS are among the top losers.

About 695 stocks are advancing as against to 1,670 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 positive note with Sensex trading higher by 0.16 per cent, while Nifty trading higher by 0.09 per cent. However, in the broader indices Nifty Midcap experience a decline of 0.44 per cent, while Nifty Smallcap has declined by 1.20 per cent.

India VIX is has declined by 3.75 per cent and is trading around the mark of 14.65, indicating a decline in market volatility.

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

Top gainers in individual stocks are SBILIFE, CIPLA, and SHRIRAMFIN while, ONGC, HINDALCO, and TATAMOTORS are among the top losers in the Nifty 50.

The broader market sentiment is negative, with 797 stocks advancing compared to 1,554 stocks declining.

Market Update at 9:30 AM: On Monday, Indian markets opened on a negative note, with Nifty and Sensex experiencing losses while, the Broader indices also displayed negative performance. Nifty FMCG emerged as the top gainer, while Nifty Metal emerged as the top loser.

The Sensex is down by 0.25 per cent trading around 82,980 while the Nifty is also down by 0.27 per cent and is trading around 24,780. Whereas, in the broader, the Nifty Midcap declined by 0.55 per cent trading at 58,179 while the Nifty Smallcap declined by 0.87 per cent trading at 19,108.

India VIX has rose by 1.25 per cent and is trading at 15.41, indicating an increase in market volatility.

Within the sectoral landscape only Nifty FMCG is among the top gainers while Nifty Metal, Nifty Media, and Nifty Energy are the sectors which are underperforming.

SBILIFE, HDFCLIFE, and HINDUNILVR are among the top gainers within the Nifty 50 while ONGC, TATASTEEL, and HINDALCO are among the top losers.

About 504 stocks are advancing as against to 1,724 stocks that are declining, thus indicating a negative sentiment in the broader market.

Pre-Market Update at 8:30 AM: The S&P 500 and Dow saw their biggest weekly drops since March 2023, while the Nasdaq had its largest weekly fall since January 2022.U.S. Labor Department data showed 142,000 jobs were added in August, below expectations, with July's jobs growth revised down to 89,000.

The Dow dropped 410.34 points (1.01 per cent) to 40,345.41, the S&P 500 lost 94.99 points (1.73 per cent) to 5,408.42, and the Nasdaq fell 436.83 points (2.55 per cent) to 16,690.83.

The U.S. 10-year Treasury yield rose by 81 basis points to 3.73 per cent, while the 2-year bond yield increased by 79 basis points to 3.67 per cent.

The GIFT Nifty is trading slightly higher, indicating a positive start for the day. Nifty futures were trading at 24,906.

Oil prices inched higher in early Monday trading, rebounding slightly from the previous session's losses, following weaker-than-expected U.S. jobs data for August.

U.S. crude oil prices dropped by 8 per cent last week, marking their steepest decline since June 2023. West Texas Intermediate's October contract hit a low of $67.16 per barrel.

On September 06, 2024, foreign institutional investors (FII) sold shares worth Rs 620 crore, while domestic institutional investors (DII) bought shares worth Rs 2,121 crore.

Stocks that are banned for trading in the F&O segment on September 09, 2024, are ABFRL, BALRAMCHIN, BANDHANBNK, BIOCON, CHAMBLFERT, HINDCOPPER, RBLBANK

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