Market Wrap: Benchmark indices close on a positive note with Nifty Realty and Nifty Bank among the top gainers!
Sensex closed higher by 0.73 per cent and closed at 81,973.05, while Nifty closed higher by 0.66 per cent and closed at 25,127.95 level.
Market Update at 3:35 PM: On Monday, Benchmark indices concluded the trading day on a positive note as Sensex closed higher by 0.73 per cent and closed at 81,973.05, while Nifty closed higher by 0.66 per cent and closed at 25,127.95 level. Similarly, the Broader market, Nifty Midcap closed higher by 0.45 per cent at 59,476.25, while Nifty Smallcap closed higher by 0.41 per cent and closed at 19,087.45.
Market volatility, as indicated by India VIX, fell by 1.66 per cent and is trading at the level of 13.00 reflecting a fall in market volatility.
Within the sectoral landscape, Nifty Realty, Nifty Bank, and Nifty IT emerged as Top Gainers, while Nifty Media and Nifty Metal are the sectors which underperformed.
WIPRO, TECHM, and HDFCLIFE were among the top gainers while on the other hand ONGC, MARUTI, and TATASTEEL were among the Top Losers.
About 1,223 stocks were advancing as against to 1,135 that were declining, thus indicating a positive sentiment in the broader market.
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Market Update at 11:30 AM: During the ongoing trading session, benchmark indices are showing a positive trend, with the Sensex up by 0.68 per cent and the Nifty up by 0.61 per cent. However, in the broader market, the Nifty Midcap is flat, while the Nifty Smallcap rose by 0.10 per cent.
India VIX declined by 0.08 per cent and is trading around the mark of 13.21, indicating a flattish move in market volatility.
In the sectoral landscape Nifty Realty, Nifty Bank, and Nifty Fin Service emerged as top gainers, while Nifty Media and Nifty Pharma, and Nifty MID SELECT are the sectors which are underperforming.
Top gainers in individual stocks are WIPRO, TECHM, and LT while, MARUTI, CIPLA, and ULTRACEMCO are among the top losers in the Nifty 50.
The broader market sentiment is positive, with 1,230 stocks advancing compared to 1,117 stocks declining.
Market Update at 9:20 AM: On Monday, Indian markets opened on a positive note, with both Nifty and Sensex showing positive movement. Nifty Media led the gains, while no sector was the biggest laggard.
As of now, the Sensex is up by 0.35 per cent, hovering around 81,650, and Nifty is up by 0.31 per cent, trading near 25,040. Similarly, in the broader market, the Nifty Midcap is gained about 0.23 per cent to about 59,340, and the Nifty Smallcap is up by 0.39 per cent, trading near 19,080.
India VIX rose by 2.19 per cent and is trading at 13.51, indicating a rise in market volatility.
Within the sectoral landscape Nifty Media, Nifty FMCG, and Nifty Energy are among the top gainers while no sectores underperforming.
WIPRO, JSWSTEEL, and LT are among the top gainers within the Nifty 50 while M&M, ULTRATECEMCO, and POWERGRID are among the top losers.
About 1,595 stocks are advancing as against to 555 stocks that are declining, thus indicating a positive sentiment in the broader market.
Pre-Market Update at 8:40 AM: The S&P 500 and Dow reached record highs on Friday, driven by strong financial stocks after banks reported solid Quarterly Results. Inflation data also boosted hopes for a potential U.S. Federal Reserve rate cut in November.
The Dow Jones Industrial Average climbed 409.74 points, or 0.97 per cent, to 42,863.86. The S&P 500 rose 34.98 points, or 0.61 per cent, to 5,815.03, while the Nasdaq Composite added 60.89 points, or 0.33 per cent, to 18,342.94.
The GIFT Nifty is trading higher, indicating a positive start for the day. Nifty futures were trading at 25,189.30.
The US 10-year Treasury yield remained steady at 4.10 per cent, while the 2-year bond yield at 3.95 per cent.
Oil prices fell by a dollar in early Asian trading on Monday after weak Chinese inflation data raised demand concerns. Brent crude dropped to $77.92, while U.S. West Texas Intermediate fell to $74.49 per barrel, amid uncertainty over potential economic stimulus.
On October 11, 2024, foreign institutional investors (FII) sold shares worth Rs 4,162 crore, while domestic institutional investors (DII) bought shares worth Rs 3,730 crore.
Stocks that are banned for trading in the F&O segment on October 14, 2024, are CHAMBLFERT, GNFC, GRANULES, HINDCOPPER, IDFCFIRSTB, MANAPPURAM, PNB, RBLBANK, SAIL.
Disclaimer: The article is for informational purposes only and not investment advice.