Market Wrap: Benchmark indices close on a positive note with Nifty Metal and Nifty PSU Bank in top gainers
Sensex closed higher by 0.76 per cent and closed at 80,005.04, while Nifty closed higher by 0.65 per cent and closed at 24,339.15 level.
Market Update at 3:50 PM: On Monday, Benchmark indices concluded the trading day on a positive note as Sensex closed higher by 0.76 per cent and closed at 80,005.04, while Nifty closed higher by 0.65 per cent and closed at 24,339.15 level. Similarly, the Broader market, Nifty Midcap closed higher by 0.83 per cent at 55,736.60, while Nifty Smallcap closed higher by 1.20 per cent and closed at 18,062.30.
Market volatility, as indicated by India VIX, declined by 2.32 per cent and is trading at the level of 14.29 reflecting a fall in market volatility.
Within the sectoral landscape, Nifty PSU Bank, Nifty Metal, and Nifty Media sector emerged as Top Gainers, while no sector underperformed.
SHRIRAMFIN, ADANIENT, and ICICIBANK were among the top gainers while on the other hand COALINDIA, BAJAJ-AUTO, and AXISBANK were among the Top Losers.
About 1,670 stocks were advancing as against to 688 that were declining, thus indicating a positive sentiment in the broader market.
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Market Update at 1:35 PM: During the ongoing trading session, benchmark indices are showing a positive trend, with the Sensex up by 1.08 per cent and the Nifty up by 0.96 per cent. However, in the broader market, the Nifty Midcap up by 1.06 per cent, while the Nifty Smallcap rose by 1.44 per cent.
India VIX declined by 2.26 per cent and is trading around the mark of 14.30, indicating a fall in market volatility.
In the sectoral landscape Nifty PSU Bank emerged as top gainers, while no sector is underperforming.
Top gainers in individual stocks are SHRIRAMFIN, ADANIENT, and ICICIBANK while, COALINDIA, BEL, and AXISBANK are among the top losers in the Nifty 50.
The broader market sentiment is positive, with 1,776 stocks advancing compared to 586 stocks declining.
Market Update at 9:45 AM: On Monday, Indian markets opened on a positive note, with both Nifty and Sensex showing positive movement. Nifty PSU Banks led the gains and Nifty Energy was the biggest laggard.
As of now, the Sensex is up by 0.27 per cent, hovering around 79,620, and Nifty is up by 0.09 per cent, trading near 24,200. However, in the broader market, the Nifty Midcap declined about 0.05 per cent to about 55,250, and the Nifty Smallcap is down by 0.45 per cent, trading near 17,760.
India VIX up by 3.76 per cent and is trading at 15,19, indicating a rise in market volatility.
Within the sectoral landscape Nifty PSU Bank, Nifty Bank and Nifty Fin Service are among the top gainers while Nifty Energy, Nifty Realty and Nifty Pharma are underperforming.
SHRIRAMFIN, ICICIBANK, and SBIN are among the top gainers within the Nifty 50 while COALINDIA, ONGC, and LT are among the top losers.
About 854 stocks are advancing as against to 1,444 stocks that are declining, thus indicating a negative sentiment in the broader market.
Pre-Market Update at 8:25 AM: The Nasdaq rose on Friday, lifted by megacap stocks, as investors anticipated major earnings reports next week.
The Dow dropped 259.96 points (0.61%) to 42,114.40, the S&P 500 edged down 1.74 points (0.03%) to 5,808.12, while the Nasdaq climbed 103.12 points (0.56%) to 18,518.61.
The GIFT Nifty is trading flat, indicating a muted start for the day. Nifty futures were trading at 24,333.30.
The U.S. 10-year Treasury yield stands at 4.276 per cent, while the 2-year bond yield at 4.133 per cent.
Oil prices dropped in early Asian trading Monday as markets reacted to Israeli strikes in Iran that left oil facilities untouched.
December North Sea Brent fell 4.05 per cent to $72.97, while West Texas Intermediate slipped 4.19 per cent to $68.77.
On October 25 2024, foreign institutional investors (FII) sold shares worth Rs 3,036 crore, while domestic institutional investors (DII) bought shares worth Rs 4,159 crore.
Stocks that are banned for trading in the F&O segment on October 28, 2024, are AARTIIND, BANDHANBNK, DIXON, ESCORTS, IDFCFIRSTB, INDIAMART, LTF, MANAPPURAM, NMDC, RBLBANK.
Disclaimer: The article is for informational purposes only and not investment advice.