Market Wrap: Benchmark indices close on a positive note with Nifty Realty and Nifty Bank among top losers!

Sensex closed up by 0.64 per cent at 78,540.17, while Nifty closed up by 0.70 per cent and closed at 23,753.45 level.

Market Update at 3:50 PM: On Monday, Benchmark indices concluded the trading day on a positive note as Sensex closed up by 0.64 per cent at 78,540.17, while Nifty closed up by 0.70 per cent and closed at 23,753.45 level. However, the Broader market, Nifty Midcap closed higher by 0.33 per cent at 57,092.90, while Nifty Smallcap closed lower by 0.14 per cent and closed at 18,687.80.

Market volatility, as indicated by India VIX, declined by 10.29 per cent and is trading at the level of 13.52 reflecting a fall in market volatility.

Within the sectoral landscape, Nifty Realty, Nifty Bank, and Nifty PSU Bank sector emerged as Top Gainers, while Nifty Media and Nifty Auto sector underperformed.

JSWSTEEL, ITC and HINDALCO were among the top gainers while on the other hand HEROMOTOCO, MARUTI and NESTLEIND were among the Top Losers.

About 950 stocks were advancing as against to 1,462 that were declining, thus indicating a negative sentiment in the broader market.

Market Update at 11:55 PM: During the ongoing trading session, benchmark indices are showing a positive trend, with the Sensex up by 0.87 per cent and the Nifty up by 0.98 per cent. However, in the broader market, the Nifty Midcap rose by 0.75 per cent, while the Nifty Smallcap rose by 0.07 per cent.

India VIX declined by 7.10 per cent and is trading around the mark of 14.00, indicating a fall in market volatility.

In the sectoral landscape Nifty Metal, Nifty Realty and Nifty MID SELECT emerged as top gainers, no sectors are underperforming.

Top gainers in individual stocks are JSWSTEEL, TRENT, and ITC while, TCS, HEROMOTOCO and BAJAJ-AUTO is among the top losers in the Nifty 50.

The broader market sentiment is negative, with 1,158 stocks advancing compared to 1,247 stocks declining.

Market Update at 9:40 AM: On Monday, markets opened on a positive note, with both Nifty and Sensex showing positive movement. Nifty Realty index led the gains, while Nifty Pharma index lagged behind.

As of now, the Sensex is up by 0.57 per cent, hovering around 78,490, and Nifty is up by 0.58 per cent, trading near 23,720. However, in the broader market, the Nifty Midcap declined about 0.27 per cent to about 56,750, and the Nifty Smallcap is down by 0.68 per cent, trading near 18,590.

India VIX is down by 3.58 per cent, trading at 14.53, indicating a fall in market volatility.

Within the sectoral landscape Nifty Realty, Nifty Bank and Nifty Fin Service sector is among the Top Gainers while Nifty Pharma and Nifty Media sector is underperforming.

SHRIRAMFIN, JSWSTEEL and HDFCBANK are among the top gainers within the Nifty 50 while HDFCLIFE, CIPLA, and SBILIFE are among the Top Losers.

About 942 stocks are advancing as against to 1,350 stocks that are declining, thus indicating a negative sentiment in the broader market.

Pre-Market Update at 7:45 AM: U.S. stocks surged on Friday, wrapping up the trading week on a strong note after two sluggish sessions. A softer-than-expected inflation report, coupled with remarks from Federal Reserve officials, helped alleviate concerns about the direction of interest rates.

The Dow Jones Industrial Average climbed 498.82 points, an increase of 1.18 per cent, closing at 42,841.06. Similarly, the S&P 500 advanced 63.82 points, or 1.09 per cent, to settle at 5,930.90. Meanwhile, the Nasdaq Composite rose 199.83 points, gaining 1.03 per cent to finish at 19,572.60.

The GIFT Nifty is indicating a positive start for the day. Nifty futures were trading at 23,793.40.

The U.S. 10-year Treasury yield stands at 4.526 per cent, while the 2-year bond yield at 4.315 per cent.

Since the start of 2024, Brent has fallen by 3.72 USD per barrel, representing a decrease of 4.84 per cent. Similarly, Crude Oil has dropped by 1.79 USD per barrel, marking a decline of 2.49 per cent. These figures are based on contract for difference (CFD) trading, which mirrors the benchmark market trends for this commodity. Historically, Crude Oil hit its peak price of 147.27 USD per barrel in July 2008.

On December 20 2024, foreign institutional investors (FII) sold shares worth Rs 3,597 crore, while domestic institutional investors (DII) bought shares worth Rs 1,374 crore.

Stocks that are banned for trading in the F&O segment on December 23, 2024, are BANDHANBNK, GRANULES, HINDCOPPER, MANAPPURAM, RBLBANK, SAIL.

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