Markets open lower: Sensex and Nifty slide as volatility rises!
Sensex is down by 0.77 per cent, hovering around 79,110, and Nifty is down by 0.85 per cent, trading near 24,100.
Market Update at 9:40 AM: On Thursday, markets opened on a negative note, with both Nifty and Sensex showing negative movement. No sector led the gains and Nifty Media was the biggest laggard.
As of now, the Sensex is down by 0.77 per cent, hovering around 79,110, and Nifty is down by 0.85 per cent, trading near 24,100. Similarly, in the broader market, the Nifty Midcap declined about 0.85 per cent to about 56,010, and the Nifty Smallcap is down by 1.18 per cent, trading near 18,570.
India VIX up by 5.72 per cent and is trading at 16.81, indicating a rise in market volatility.
Within the sectoral landscape no sector is among the Top Gainers while Nifty Media, Nifty Energy and Nifty Pharma are underperforming.
M&M, TECHM, and HCLTECH are among the top gainers within the Nifty 50 while BAJAJ-AUTO, SUNPHARMA, and HEROMOTOCO are among the Top Losers.
About 405 stocks are advancing as against to 1,876 stocks that are declining, thus indicating a negative sentiment in the broader market.
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Pre-Market Update at 8:20 AM: Wall Street's main indexes closed higher on Friday, bouncing back from Thursday's dip. Amazon's strong earnings helped offset October’s major drop in U.S. job growth.
The Dow rose 288.73 points (0.69 per cent) to 42,052.19, the S&P 500 added 23.35 points (0.41 per cent) to 5,728.80, and the Nasdaq gained 144.77 points (0.80 per cent) to 18,239.92.
The GIFT Nifty is trading flat, indicating a muted start for the day. Nifty futures were trading at 24,383.65.
The U.S. 10-year Treasury yield stands at 4.386 per cent, while the 2-year bond yield at 4.212 per cent.
U.S. crude futures rose more than 1 per cent on Monday after OPEC+ members decided to postpone a planned output increase by one month. West Texas Intermediate increased by 1.42 per cent to $70.47 per barrel, while Brent went up 1.37 per cent to $74.10.
On November 1 2024, foreign institutional investors (FII) sold shares worth Rs 211 crore, while domestic institutional investors (DII) sold shares worth Rs 377 crore.
As of November 4, 2024, no stocks are under the F&O segment trading ban.
Disclaimer: The article is for informational purposes only and not investment advice.