Market Wrap: Benchmark indices close on a positive note with Nifty Pharma and Nifty Auto among top gainers!
Sensex closed at 78,699.07, while Nifty closed up by 0.27 per cent and closed at 23,813.40 level.
Market Update at 3:40 PM: On Friday, Benchmark indices concluded the trading day on a positive note as Sensex closed at 78,699.07, while Nifty closed up by 0.27 per cent and closed at 23,813.40 level. However, the Broader market, Nifty Midcap closed lower by 0.27 per cent at 56,972.60, while Nifty Smallcap closed higher by 0.15 per cent and closed at 18,756.95.
Market volatility, as indicated by India VIX, declined by 5.70 per cent and is trading at the level of 13.24 reflecting a fall in market volatility.
Within the sectoral landscape, Nifty Auto, Nifty Pharma, and Nifty FMCG sector emerged as Top Gainers, while Nifty Metal, Nifty Realty and Nifty PSU Bank sector underperformed.
DRREDDY, M&M and INDUSINDBK were among the top gainers while on the other hand HINDALCO, COALINDIA and SBIN were among the Top Losers.
About 1,222 stocks were advancing as against to 1,160 that were declining, thus indicating a positive sentiment in the broader market.
Market Update at 2:30 PM: During the ongoing trading session, benchmark indices are showing a positive trend, with the Sensex up by 0.38 per cent and the Nifty up by 0.36 per cent. However, in the broader market, the Nifty Midcap rose by 0.06 per cent, while the Nifty Smallcap rose by 0.30 per cent.
India VIX declined by 6.55 per cent and is trading around the mark of 13.12, indicating a fall in market volatility.
In the sectoral landscape Nifty Auto, Nifty Pharma and Nifty Media emerged as top gainers, Nifty Metal and Nifty PSU Bank sectors are underperforming.
Top gainers in individual stocks are DRREDDY, M&M, and INDUSINDBK while, HINDALCO, ONGC and SBIN is among the top losers in the Nifty 50.
The broader market sentiment is positive, with 1,368 stocks advancing compared to 1,014 stocks declining.
Market Update at 9:45 AM: On Friday, markets opened on a positive note, with both Nifty and Sensex showing positive movement. Nifty Auto index led the gains, while Nifty Realty index lagged behind.
As of now, the Sensex is up by 0.50 per cent, hovering around 78,860, and Nifty is up by 0.52 per cent, trading near 23,870. However, in the broader market, the Nifty Midcap increased about 0.16 per cent to about 57,220, and the Nifty Smallcap is up by 0.25 per cent, trading near 18,770.
India VIX is down by 3.35 per cent, trading at 13.57, indicating a fall in market volatility.
Within the sectoral landscape Nifty Auto, Nifty Pharma and Nifty Media sector is among the Top Gainers while Nifty Realty sector is underperforming.
BAJAJ-AUTO, TATAMOTORS and DRREDDY are among the top gainers within the Nifty 50 while HCLTECH, ADANIPORTS, and BEL are among the Top Losers.
About 1,584 stocks are advancing as against to 688 stocks that are declining, thus indicating a negative sentiment in the broader market.
Pre-Market Update at 8:15 AM: Wall Street ended on a mixed note on Thursday, while the U.S. benchmark Treasury yield slightly eased after hitting its highest level since May. The session saw light and directionless trading as the holiday season continued.
The Dow Jones Industrial Average inched up by 0.07 per cent to 43,325.80, whereas the S&P 500 dipped by 0.04 per cent to 6,037.59. Meanwhile, the Nasdaq Composite slipped by 0.05 per cent to close at 20,020.357.
The GIFT Nifty is indicating a strong start for the day. Nifty futures were trading at 23,924.85.
The U.S. 10-year Treasury yield stands at 4.579 per cent, while the 2-year bond yield at 4.328 per cent.
Brent crude stayed above $73, and WTI near $69.6 on Friday, with modest weekly gains. Markets weighed China’s growth measures and OPEC+'s production cuts, but oil prices remained steady, heading for a 3 per cent annual drop.
On December 26 2024, foreign institutional investors (FII) sold shares worth Rs 2,376 crore, while domestic institutional investors (DII) bought shares worth Rs 3,336 crore.
As of December 27, 2024, no stocks are under the F&O segment trading ban.
Disclaimer: The article is for informational purposes only and not investment advice.