Market Wrap: Benchmark indices finish strong, while volatility decreases!

In today's market session, both the Sensex and Nifty closed the trading session with substantial gains of 1.01 per cent and 1.01 per cent, respectively.

Market Update at 3:30 PM: In today's market session, both the Sensex and Nifty closed the trading session with substantial gains of 1.01 per cent and 1.01 per cent, respectively. The positive trend extended to the broader market as well, with the Nifty Midcap closing higher by 1.54 per cent and the Nifty Smallcap soaring by 2.01 per cent.

Market volatility showed a significant drop, with the India VIX declining by 7.03 per cent, reflecting reduced uncertainty in the market.

Throughout the trading day, all major sectors displayed positive trends. The Nifty PSU Bank sector took the lead in terms of gains, closely followed by Nifty Media, Nifty Energy, and Nifty Realty.

Among individual stocks within the Nifty 50, top gainers included Axis Bank, HCL Technologies, and Coal India, while UPL, Dr Reddy's Laboratories, and SBI Life were among the leading decliners.

The broader market sentiment remained upbeat, with 1684 stocks advancing compared to 338 stocks declining, indicating an overall positive sentiment among investors and in the broader market landscape.

Market Update at 2:15 PM: In the latest market developments, the Sensex and Nifty are showing substantial gains, with increases of 1.07 per cent and 1.05 per cent, respectively. Impressively, the Nifty Midcap and Nifty Smallcap indices are performing even better, surging by 1.48 per cent and 2 per cent, respectively.

Market volatility is on the decline, as indicated by a significant 7.65 per cent plunge in the India VIX.

Regarding sector performance, all major sectors are currently in the green. Notably, Nifty PSU Bank is leading the gains, closely followed by Nifty Media, Nifty Realty, and Nifty Auto.

Top gainers within the Nifty 50 include Coal India, Cipla, and Maruti, while Hindalco, Asian Paints, and Tata Steel are among the leading decliners.

Broadly, market sentiment remains positive, with 1,734 stocks advancing, compared to 298 stocks declining, reflecting an optimistic outlook in the broader market.

Market Update at 12:40 PM: In the current market scenario, the Sensex and Nifty are displaying notable upward trends, with gains of 0.94 per cent and 0.93 per cent, respectively. The Nifty Midcap and Nifty Smallcap indices are also performing impressively, registering significant increases of 1.52 per cent and 1.97 per cent, respectively.

Moreover, there has been a substantial reduction in market volatility, as indicated by the 6.84 per cent decline in the India VIX.

European markets are poised for a mixed opening on Friday. European futures, represented by DAX and FTSE, are trading marginally higher with gains of 0.05 per cent and 0.07 per cent, respectively. However, the CAC index is exhibiting a 1 per cent decline.

In terms of sector performance, the majority of major sectors are currently experiencing positive trends. Notably, Nifty PSU Bank is at the forefront of these gains, closely followed by Nifty Media, Nifty Realty, and Nifty Energy.

Among individual stocks, Coal India, NTPC, and Bajaj Auto stand out as the top gainers, while Dr. Reddy’s Laboratories, UPL, and Asian Paints are leading the decliners within the Nifty 50.

The broader market sentiment is notably positive, with approximately 1,744 stocks advancing, in contrast to 273 stocks declining. This indicates an overall optimistic outlook in the broader market landscape.

Market Update at 11:10 AM: In today's market update, the Sensex and Nifty have displayed notable gains, with increases of 0.84 per cent and 0.81 per cent respectively. Additionally, Nifty Midcap and Nifty Smallcap have surged significantly, rising by 1.76 per cent and 2.09 per cent respectively.

Market volatility, as measured by India VIX, has decreased by 5.9 per cent, signaling a noteworthy reduction in market turbulence.

Furthermore, a positive sentiment prevails across major sectors, with Nifty PSU Bank leading the way in terms of gains, closely followed by Nifty Media, Nifty Realty, and Nifty Energy.

The top gainers in the Nifty 50 index include Coal India, SBI, and Adani Enterprises, while leading decliners within the Nifty 50 include Dr Reddy's Laboratories, Hindustan Unilever, and ITC.

It is worth noting that 1,771 stocks are advancing, outnumbering the 239 stocks that are declining, underscoring an overall positive sentiment in the broader market.

Market Update at 9:30 AM: In the latest market developments, the Sensex and Nifty have commenced the trading session with a notable upswing, opening higher by 0.62 per cent and 0.61 per cent, respectively. The broader indices are displaying substantial gains, with the Nifty Midcap surging by 1.38 per cent and the Nifty Smallcap registering a 1.81 per cent increase.

Concurrently, the India VIX has witnessed a 4.16 per cent surge, pointing towards a reduction in market volatility.

A closer look at sector performance reveals a predominantly positive landscape, with Nifty PSU Bank at the forefront of the gains, closely followed by Nifty Media, Nifty Realty, and Nifty Realty sectors.

Key gainers in the Nifty 50 index include Infosys, Apollo Hospitals, and Maruti, while Asian Paints and Ultratech Cement are notable decliners.

The overall market sentiment appears optimistic, with approximately 1698 stocks advancing and only 165 stocks declining, indicating a favorable outlook in the broader market.

Pre-Market Update at 7:50 AM: U.S. stocks took a tumble on Thursday, with technology and tech-adjacent megacap shares leading the decline. This drop came as investors processed a mix of quarterly earnings reports and signs of economic resilience, which could potentially result in the Federal Reserve maintaining higher interest rates for a longer duration than anticipated.

The Dow Jones Industrial Average saw a decline of 251.63 points, or 0.76 per cent, closing at 32,784.3. The S&P 500 lost 49.54 points, or 1.18 per cent, ending at 4,137.23, while the Nasdaq Composite dropped 225.62 points, or 1.76 per cent, closing at 12,595.61.

All three major U.S. stock indices closed in negative territory, and they are all set to register weekly declines. The Nasdaq, which has a significant tech focus, experienced the most substantial percentage decrease. This was primarily due to concerns about uncertain earnings outlooks and the possibility of prolonged high-interest rates.

Oil prices rebounded on Friday, recovering from a more than USD 2 per barrel drop in the previous session. This recovery came as worries about an expanded Middle East conflict subsided and as the United States, the largest oil consumer globally, exhibited indications of reduced demand. Brent crude futures increased by 45 cents, equivalent to 0.5 per cent, reaching USD 88.38 per barrel.

The U.S. dollar index, which reached a three-week high of 106.89 in the prior session, stabilized at 106.57. It is poised for a weekly increase of approximately 0.4 per cent.

The GIFT Nifty trends suggest a positive opening for India's benchmark indices, with an increase of 44.50 points or 0.23 percent. Nifty futures were at around 19,005.50.

On October 26, foreign institutional investors (FII) offloaded shares worth Rs 7,702.53 crore, while domestic institutional investors (DII) purchased shares worth Rs 6,558.45 crore.