Markets open in green as Nifty Media leads gains, Metal Lags behind!
Sensex is up by 0.24 per cent, hovering around 82,170, and Nifty is up by 0.22 per cent, trading near 25,180.
Market Update at 9:30 AM: On Tuesday, Indian markets opened on a positive note, with both Nifty and Sensex showing positive movement. Nifty Media led the gains and Nifty Metal was the biggest laggard.
As of now, the Sensex is up by 0.24 per cent, hovering around 82,170, and Nifty is up by 0.22 per cent, trading near 25,180. Similarly, in the broader market, the Nifty Midcap gained about 0.19 per cent to about 59,570, and the Nifty Smallcap is up by 0.59 per cent, trading near 19,200.
India VIX rose by 3 per cent and is trading at 12.61, indicating a fall in market volatility.
Within the sectoral landscape Nifty Media, Nifty IT, and Nifty MID SELECT are among the Top Gainers while Nifty Metal and Nifty Auto are underperforming.
BPCL, BHARTIARTL, and ASIANPAINT are among the top gainers within the Nifty 50 while ONGC, TATASTEEL, and HINDALCO are among the Top Losers.
About 1,410 stocks are advancing as against to 830 stocks that are declining, thus indicating a positive sentiment in the broader market.
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Pre-Market Update at 8:00 AM: Wall Street closed higher on Monday, with the S&P 500 and Dow reaching new records. Investors focused on tech stocks ahead of a busy week of earnings and key economic data.
The S&P 500 rose 0.77 per cent to 5,859.85, the Nasdaq gained 0.87 per cent to 18,502.69, and the Dow added 0.47 per cent to 43,065.22.
The GIFT Nifty is trading higher, indicating a positive start for the day. Nifty futures were trading at 25,368.00.
The US 10-year Treasury yield dropped by 38 basis points, settling at 4.08 per cent, while the 2-year bond yield decreased by 16 basis points, ending at 3.94 per cent.
Oil prices dropped sharply in Asian trade on Tuesday, continuing recent losses due to growing concerns over weak demand. A report suggesting Israel will not target Iranian oil facilities also pressured prices.
Brent futures fell 3 per cent to $75.16 a barrel, while WTI crude dropped 3 per cent to $71.03, as China's declining imports and OPEC's reduced demand forecast fueled market worries.
On October 14 2024, foreign institutional investors (FII) sold shares worth Rs 3,731 crore, while domestic institutional investors (DII) bought shares worth Rs 2,278 crore.
Stocks that are banned for trading in the F&O segment on October 15, 2024, are CHAMBLFERT, GNFC, GRANULES, HINDCOPPER, IDFCFIRSTB, IEX, MANAPPURAM, NATIONALUM, PNB, RBLBANK, SAIL, TATACHEM.
Disclaimer: The article is for informational purposes only and not investment advice.