Markets open in red: Nifty and Sensex slide, Realty lags behind!
Sensex is down by 0.66 per cent, hovering around 85,000, and Nifty is down by 0.63 per cent, trading near 26,000.
Market Update at 9:40 AM: On Monday, Indian markets opened on a negative note, with both Nifty and Sensex showing negative movement. Nifty Metal led the gains, while Nifty Realty was the biggest laggard.
As of now, the Sensex is down by 0.66 per cent, hovering around 85,000, and Nifty is down by 0.63 per cent, trading near 26,000. Similarly, in the broader market, the Nifty Midcap declined by 0.73 per cent to approximately 59,940, and the Nifty Smallcap declined by 0.55 per cent, trading near 19,130.
India VIX rose by 6.52 per cent and is trading at 12.74, indicating a rise in market volatility.
Within the sectoral landscape Nifty Metal is the sector which is among the Top Gainers while Nifty Realty, Nifty Auto, and Nifty Energy are the sectors which are underperforming.
HINDALCO, TATASTEEL, and JSWSTEEL are among the top gainers within the Nifty 50 while HEROMOTOCO, COALINDIA, and BEL are among the Top Losers.
About 706 stocks are advancing as against to 1,604 stocks that are declining, thus indicating a negative sentiment in the broader market.
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Pre-Market Update at 8:25 AM: Treasury yields and the dollar dropped, while the Dow reached a record high on Friday. A lower-than-expected U.S. inflation report boosted hopes for a large interest rate cut by the Federal Reserve at its November meeting.
The Dow Jones Industrial Average climbed 137.89 points, or 0.33 per cent, to 42,313.00. Meanwhile, the S&P 500 dipped 7.20 points, or 0.13 per cent, to 5,738.17, and the Nasdaq Composite declined 70.70 points, or 0.39 per cent, to 18,119.59.
The GIFT Nifty is trading lower, signaling a negative opening for the day. Nifty futures are currently trading at 26,459.15.
Oil prices rose slightly on Monday as worries grew about possible supply disruptions from the Middle East after Israel intensified attacks on Iranian-backed forces.
Brent crude futures for November rose by 16 cents, or 0.22 per cent, to $72.14 a barrel. The December contract, which is more actively traded, increased by 10 cents, or 0.14 per cent, to $71.64. U.S. West Texas Intermediate crude futures went up 8 cents, or 0.12 per cent, to $68.26 a barrel.
On September 27, 2024, foreign institutional investors (FII) sold shares worth Rs 1,209 crore, while domestic institutional investors (DII) bought shares worth Rs 6,886 crore.
As of September 30, 2024, no stocks are under the F&O segment trading ban.
Disclaimer: The article is for informational purposes only and not investment advice.