Market Wrap: Sensex and Nifty Finish Strong, Midcap and Smallcap Stocks Shine!

In the latest market recap, both the Sensex and Nifty concluded the trading session on a positive note, closing higher by 0.87 per cent and 0.91 per cent, respectively.

Market Update at 3:45 PM: In the latest market recap, both the Sensex and Nifty concluded the trading session on a positive note, closing higher by 0.87 per cent and 0.91 per cent, respectively. Notably, the Nifty Midcap surged by 1.36 per cent, while the Nifty Smallcap displayed robust growth, closing higher by 1.2 per cent.

Market volatility, as reflected by the India VIX, decreased by 1.14 per cent, indicating a calmer trading environment.

Key sectors driving the market's upward momentum included Nifty Realty, Nifty PSU Bank, and Nifty Metal, all of which stood out as top gainers. Encouragingly, there were no major sectors underperforming.

Among individual stocks, notable gainers included Coal India, Adani Ports, and Bharti Airtel. Conversely, within the Nifty 50, IndusInd Bank, Cipla, and Dr Reddy’s Laboratories experienced declines, emerging as the top losers.

The broader market sentiment remained positive, with approximately 1552 stocks advancing compared to 470 stocks declining, signalling an overall optimistic sentiment in the broader market.

Market Update at 2:10 PM: In the latest market report, the Sensex and Nifty are on an upward trajectory, with gains of 0.95 per cent and 0.97 per cent respectively. Notably, the Nifty Midcap is showing remarkable strength, surging by 1.31 per cent, while the Nifty Smallcap is making moderate gains, up by 1.16 per cent.

Market volatility, as indicated by the India VIX, has decreased by 1.05 per cent, reflecting a calmer trading environment.

Key sectors driving the market's upward momentum include Nifty Realty, Nifty PSU Bank, and Nifty Metal, all of which are among the top gainers. Currently, Nifty Pharma is the only major sector that is underperforming.

Among individual stocks, top gainers include Coal India, Adani Ports, and Bharti Airtel. Conversely, Dr. Reddy's Laboratories, Cipla, and TCS are among the top losers within the Nifty 50.

The broader market sentiment remains positive, with approximately 1623 stocks advancing compared to 403 stocks declining. This strong momentum underscores the prevailing optimism in the broader market.

Market Update at 12:40 PM: In the latest market update, the Sensex and Nifty are demonstrating strength, posting gains of 0.83 per cent and 0.82 per cent respectively. Notably, the Nifty Midcap is surging significantly, up by 1.19 per cent, while the Nifty Smallcap is making moderate gains, up by 1.13 per cent.

Despite ongoing geopolitical tensions and unrest in Israel and Gaza, European markets are poised for a positive opening on Tuesday. Futures for major European indices, including DAX, CAC, and FTSE, are trading higher by 0.15 per cent, 0.27 per cent, and 0.24 per cent respectively.

In addition, the India VIX has seen a notable decline of 2.28 per cent, signalling reduced market volatility.

Key sectors driving the market's upward momentum include Nifty Realty, Nifty PSU Bank, and Nifty Media, all of which are among the top gainers. Encouragingly, there are currently no major sectors underperforming.

Among individual stocks, some of the top gainers are Coal India, Adani Ports, and Bharti Airtel. Conversely, IndusInd Bank, Cipla, and Hindalco are among the top losers within the Nifty 50.

The broader market sentiment remains positive, with approximately 1635 stocks advancing in contrast to 389 stocks declining. This prevailing sentiment suggests a favourable outlook in the broader market, even in the face of geopolitical uncertainties.

Market Update at 11:10 AM: In the latest market update, the Sensex and Nifty are displaying upward movement, with gains of 0.54 per cent and 0.53 per cent respectively. Notably, the Nifty Midcap is seeing substantial growth, up by 0.97 per cent, while the Nifty Smallcap is moderately higher, up by 0.91 per cent.

Additionally, there has been a significant decrease of 4.04 per cent in India VIX, indicating reduced market volatility.

Key sectors driving the market's upward trend include Nifty Auto, Nifty Realty, and Nifty PSU Bank, all of which are among the top gainers. However, it's worth noting that Nifty Pharma is currently the only sector underperforming.

In terms of individual stocks, some of the top gainers include Coal India, Adani Ports, and Bharti Airtel. On the flip side, IndusInd Bank, Dr Reddy’s Laboratories, and Cipla are among the top losers within the Nifty 50.

The broader market sentiment appears positive, with approximately 1669 stocks advancing compared to 341 stocks declining. This suggests a prevailing optimism in the market, reflecting favourable conditions for investors and traders alike.

Market Update at 9:35 AM: In a promising start to the trading day, the Sensex and Nifty have opened higher, registering gains of 0.42 per cent and 0.4 per cent, respectively. The Nifty Midcap has also shown a moderate uptick, opening 0.66 per cent higher, while the Nifty Smallcap has started the day with a gain of 0.73 per cent.

Notably, India VIX has witnessed a significant drop of 3.77 per cent, reflecting a decrease in market volatility and potential investor confidence.

Key sectors making gains include Nifty Auto, Nifty Realty, and Nifty PSU Bank, signaling strength in these areas. On the other hand, Nifty Pharma and Nifty IT sectors have seen declines, being among the top losers in early trading.

In terms of individual stock movements within the Nifty 50 index, Adani Ports, Tata Motors, and Adani Enterprises are among the top gainers, while Dr. Reddy's Laboratories, TCS, and Divi's Laboratories are among the top losers.

Market breadth appears favorable, with approximately 1655 stocks advancing compared to 255 stocks declining. This positive breadth suggests an overall optimistic sentiment prevailing in the broader market, indicating a potentially promising trading day ahead.

Pre-Market Update at 7:45 AM: On Monday night, US stock futures hovered around the unchanged mark as Wall Street analysed the potential consequences and uncertainties arising from the prolonged Israel-Hamas conflict. In the initial stages of Monday's trading session, stocks faced a downward trend, with the Nasdaq experiencing a decline of over 1 per cent at its lowest point. However, as the session progressed, sentiment improved, and the entire market saw a positive shift. The Dow Jones Industrial Average, comprising 30 stocks, increased by 197 points, equivalent to a 0.6 per cent gain, while the Nasdaq Composite advanced by 0.4 per cent. The S&P 500 also registered a gain of 0.6 per cent.

On Monday, oil prices surged by approximately 4 per cent as the Israel-Hamas conflict entered its third day, sparked by an unexpected assault on Israel by Palestinian militants from Hamas. The worldwide benchmark, Brent crude, experienced a 3.9 per cent increase, reaching USD 87.85 per barrel. Simultaneously, the Dollar index showed a marginal uptick of 0.06 per cent in futures, reaching 106.08, while the value of one dollar remained close to Rs 83.29.

The GIFT Nifty suggests a slightly optimistic beginning for the Benchmark indices, showing an increase of 75 points. The GIFT Nifty futures settled at 19,580 points, having reached a peak of 19,698 points earlier.

On October 09, foreign institutional investors (FII) offloaded shares worth Rs 997.76 crore, while domestic institutional investors (DII) bought shares worth Rs 2,661.27 crore.

Stocks that are banned for trading in the F&O segment on October 10, 2023, are DELTACORP, IBULHSGFIN, L&TFH, MANAPPURAM, MCX and PNB.