Market Wrap: Sensex and Nifty close higher with Auto sector in the spotlight!

In May, foreign portfolio investors (FPIs) recorded a 9-month high investment of Rs 43,838 crore, driven by a robust domestic macro-outlook and attractive valuations.

Market Update at 3:30 PM: Sensex closes higher by 256 points above 62,700 level while Nifty closes higher by 64.4 points above 18,500 level.

Nifty Midcap and Smallcap closes higher by 0.14 and 0.36 per cent respectively.

India VIX closes higher by 1.44 per cent towards the end of the day.

Nifty Auto, Media and Energy were among the top performing sectors whereas Nifty PSU Bank, FMCG and IT were among the top losing sectors towards the end of the day.

M&M, Axis Bank and Tata Motors were among the top gainers from the Nifty 50 and Tech Mahindra, Divi’s Laboratories and Asian Paints were among the top losers from the Nifty 50 towards the end of the day.

Market Update at 2:15 PM: Sensex trades higher by 337 points while Nifty trades higher by 88 points.

Nifty Midcap and Smallcap trade higher by 0.3 and 0.5 per cent respectively.

India VIX has plunged by 0.27 per cent.

Nifty Media, Auto and Bank are among the top gaining sectors and Nifty FMCG and Nifty PSU bank and IT are among the top losing sectors.

M&M, Axis Bank and Tata Motors are among the top gainers from the Nifty 50 and Tech Mahindra, Divi’s Laboratories and Nestle India are among the top losers from the Nifty 50 as of now.

Market Update at 12:25 PM: Sensex trades higher by 320 points while Nifty trades higher by 84 points.

European markets look set for a muted start to the trading week.

Nifty Midcap and Smallcap trade higher by 0.35 and 0.45 per cent.

India VIX has plunged by 0.45 per cent.

Nifty Media, Auto and Financial Services are among the top gaining sectors and Nifty FMCG and Nifty PSU bank are among the top losing sectors.

M&M, Axis Bank and Tata Motors are among the top gainers from the Nifty 50 and Tech Mahindra, Divi’s Laboratories and BPCL are among the top losers from the Nifty 50 as of now.

Market update at 10:55 AM: Sensex trades higher by 0.5 per cent above 62,800 level whereas Nifty 50 trades higher by 0.44per cent above 18,600 level.

Nifty Midcap and Smallcap trade higher by 0.26 and 0.3 per cent.

India VIX has marginally surged by 0.09 per cent.

Nifty Media, Auto and Financial Services are among the top gaining sectors and Nifty Realty, FMCG and IT are among the top losing sectors as of now.

M&M, Axis Bank and Adani Enterprises are among the top gaining stocks from the Nifty 50 and Divi’s laboratories, Tech Mahindra and BPCL are among the top losing companies from Nifty 50 as of now.

Market update at 9:30 AM: Sensex open higher by 0.49 per cent above 62,800 level whereas Nifty 50 opens higher by 0.44 per cent above 18,600 level.

Nifty Midcap and Smallcap open higher by 0.43 and 0.63 per cent.

India VIX has surged by 0.90 per cent.

Nifty Media, Auto and Financial Services are among the top gaining sectors and currently there are no underperforming sectors as of now.

Market Update at 8:30 AM: In May, foreign portfolio investors (FPIs) recorded a 9-month high investment of Rs 43,838 crore, driven by a robust domestic macro-outlook and attractive valuations.

On Sunday evening, US equity futures showed minimal change following a widespread rally during the previous week, which resulted in the S&P 500 experiencing its strongest performance since March and reaching its highest level since August of the previous year. Futures linked to the Dow Jones Industrial Average increased by 75 points, while S&P 500 futures registered a 0.09 per cent increase, and Nasdaq-100 futures remained just below the neutral line.

Oil prices surged over 2 per cent on Friday as the US debt ceiling deal was passed and favourable jobs data sparked hopes for a pause in interest rate hikes ahead of the OPEC+ meeting. In futures trading, the Dollar index showed a 0.47 per cent increase, reaching 103.99, while the value of one dollar remained close to Rs 82.40. Gold and Silver have plunged by 1.07 and 0.86 per cent respectively.

On June 2, foreign institutional investors (FIIs) sold shares worth Rs 658.88 crore, while domestic institutional investors (DIIs) bought shares worth Rs 581.85 crore.

On Monday, it is expected that the market will open slightly higher based on the indication from the SGX Nifty. The broader index is anticipated to begin with a positive note, showing a gain of 88.5 points after initiating the session at 18,715.