Market Wrap: Nifty ends higher by 0.19 per cent; Sensex ends higher by 0.2 per cent!

India has regained its position in the global stock market tally, securing the 5th spot with a valuation of $3.31 trillion.

Market Update at 3:30 PM: Nifty ends 0.19 per cent higher above 18,600 levels and Sensex ends 0.2 per cent higher above 62,900 levels.

Nifty Midcap and Smallcap ends on a higher note by 0.25 per cent and 0.22 per cent respectively.

Nifty Media, FMCG and Financial Services were the top performers towards the closing of the market and Nifty Metal, Auto and Realty were among the top losing sectors towards the closing of the market.

Bajaj Finserv, kotak Bank, and Bajaj Finance were among the top gainers and hindalco, Adani Enterprises and Tech Mahindra were among the top losers.

Market Update at 2:15 PM: Nifty trades marginally higher by 0.16 percent above 18,600 levels, whereas Sensex trades marginally higher by 0.14 per cent above 62,900 levels.

Nifty Smallcap is up by 0.16 per cent whereas Nifty Midcap has surged by 0.19 per cent.

Nifty media, FMCG, Media and IT are among the top performers and Nifty Metal, Energy and Auto are among the top losing sectors as of now.

India VIX has plunged by 1.87 per cent.

Hikal Ltd, TCI Express, and Aurobindo Pharma, emerge as the leading gainers within the Nifty 500 index, while Jubiliant Pharmova, Campus, and Adani transmission are positioned as the top losers.

Market Update at 12:25 PM: Nifty trades marginally higher by 0.06 per cent above 18,600 levels, whereas Sensex trades marginally higher by 0.03 per cent above 62,900 levels.

Tuesday is expected to see European stock markets opening slightly higher, as investors closely monitor the latest developments regarding the US Debt Ceiling. Nasdaq 100 futures trade higher by 0.47 per cent.

Nifty Smallcap and midcap have surged by 0.15 per cent each.

Nifty FMCG, Media and Auto are among the top performers and Nifty Metal, Energy and PSU bank are among the top losing sectors as of now.

India VIX has plunged by 1.06 per cent.

Hikal Ltd, Aia Engineering, and Aurobindo Pharma emerge as the leading gainers within the Nifty 500 index, while Jubiliant Pharmova, Campus, and Adani transmission are positioned as the top losers.

Market Update at 11:10: Nifty trades above 18,600 level with a surge of 0.11 per cent whereas Sensex trades higher by 0.03 per cent above 62,800 level.

The Nifty Midcap has witnessed a marginal increase of 0.11 percent, while the Nifty Small cap surged by 0.07 per cent.

Nifty FMCG, Media and Auto are among the top performers and Nifty Pharma, Metal and PSU bank are among the top losing sectors until now.

India VIX is down by 0.16 per cent.

Apollo Hospitals, ONGC, and JSW Steel emerge as the leading gainers within the Nifty 50 index, while HDFC Life, Dr. Reddy's, and Adani Ports are positioned as the top losers.

Market Update at 9:30 AM: The Nifty begins trading with a 0.19 percent increase above the 18,600 level, while the Sensex starts the day with a 0.18 percent gain above the 62,800 level.

Nifty Midcap opens higher by 0.31 per cent. Similarly, Nifty small cap opens higher by 0.07 per cent.

India VIX plunged by 3.9 per cent.

Pre Maket Update at 8:30 AM: India has regained its position in the global stock market tally, securing the 5th spot with a valuation of $3.31 trillion.

Monday night witnessed an optimistic outlook for stock futures following a tentative agreement between the Biden administration and Republican lawmakers to raise the US debt ceiling. Futures associated with the Dow Jones Industrial Average saw an increase of 0.2 per cent, while S&P 500 futures recorded a gain of 0.3 per cent. Similarly, Nasdaq-100 futures rose by 0.5 per cent.

Gold was up by 0.16 per cent whereas Silver was down by 0.17 per cent. Brent crude futures rose by 0.9 per cent, reaching $77.61 per barrel. The Dollar index, in futures trading, saw a slight uptick of 0.05 per cent, reaching 104.26. Simultaneously, the value of one dollar remained close to Rs 82.62.

Tuesday's market is expected to have a slight positive opening as indicated by the SGX Nifty, which shows a small positive start for the broader index. The SGX Nifty initially opened the session at 18,689 and is currently up by 15.5 points.

On May 29, foreign institutional investors (FIIs) acquired shares valued at Rs 1758.16 crore, while domestic institutional investors (DIIs) bought shares worth Rs 853.57 crore.

Important earnings to watch for the day: Adani Ports and Special Economic Zones, Apollo Hospitals, 3M India, Aegis Logistics, Graphite India, India Bulls Real Estate, Indo Count Industries, Kiri Industries.