Markets open positive; Nifty PSU Banks lead gains, energy lags behind!
Sensex is up by 0.27 per cent, hovering around 79,620, and Nifty is up by 0.09 per cent, trading near 24,200.
Market Update at 9:45 AM: On Monday, Indian markets opened on a positive note, with both Nifty and Sensex showing positive movement. Nifty PSU Banks led the gains and Nifty Energy was the biggest laggard.
As of now, the Sensex is up by 0.27 per cent, hovering around 79,620, and Nifty is up by 0.09 per cent, trading near 24,200. However, in the broader market, the Nifty Midcap declined about 0.05 per cent to about 55,250, and the Nifty Smallcap is down by 0.45 per cent, trading near 17,760.
India VIX up by 3.76 per cent and is trading at 15,19, indicating a rise in market volatility.
Within the sectoral landscape Nifty PSU Bank, Nifty Bank and Nifty Fin Service are among the Top Gainers while Nifty Energy, Nifty Realty and Nifty Pharma are underperforming.
SHRIRAMFIN, ICICIBANK, and SBIN are among the top gainers within the Nifty 50 while COALINDIA, ONGC, and LT are among the Top Losers.
About 854 stocks are advancing as against to 1,444 stocks that are declining, thus indicating a negative sentiment in the broader market.
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Pre-Market Update at 8:25 AM: The Nasdaq rose on Friday, lifted by megacap stocks, as investors anticipated major earnings reports next week.
The Dow dropped 259.96 points (0.61%) to 42,114.40, the S&P 500 edged down 1.74 points (0.03%) to 5,808.12, while the Nasdaq climbed 103.12 points (0.56%) to 18,518.61.
The GIFT Nifty is trading flat, indicating a muted start for the day. Nifty futures were trading at 24,333.30.
The U.S. 10-year Treasury yield stands at 4.276 per cent, while the 2-year bond yield at 4.133 per cent.
Oil prices dropped in early Asian trading Monday as markets reacted to Israeli strikes in Iran that left oil facilities untouched.
December North Sea Brent fell 4.05 per cent to $72.97, while West Texas Intermediate slipped 4.19 per cent to $68.77.
On October 25 2024, foreign institutional investors (FII) sold shares worth Rs 3,036 crore, while domestic institutional investors (DII) bought shares worth Rs 4,159 crore.
Stocks that are banned for trading in the F&O segment on October 28, 2024, are AARTIIND, BANDHANBNK, DIXON, ESCORTS, IDFCFIRSTB, INDIAMART, LTF, MANAPPURAM, NMDC, RBLBANK.
Disclaimer: The article is for informational purposes only and not investment advice.