Markets opened on a positive note; WIPRO, JSWSTEEL and LT among the top gainers!
Sensex is up by 0.35 per cent, hovering around 81,650, and Nifty is up by 0.31 per cent, trading near 25,040.
Market Update at 9:20 AM: On Monday, Indian markets opened on a positive note, with both Nifty and Sensex showing positive movement. Nifty Media led the gains, while no sector was the biggest laggard.
As of now, the Sensex is up by 0.35 per cent, hovering around 81,650, and Nifty is up by 0.31 per cent, trading near 25,040. Similarly, in the broader market, the Nifty Midcap is gained about 0.23 per cent to about 59,340, and the Nifty Smallcap is up by 0.39 per cent, trading near 19,080.
India VIX rose by 2.19 per cent and is trading at 13.51, indicating a rise in market volatility.
Within the sectoral landscape Nifty Media, Nifty FMCG, and Nifty Energy are among the Top Gainers while no sectores underperforming.
WIPRO, JSWSTEEL, and LT are among the top gainers within the Nifty 50 while M&M, ULTRATECEMCO, and POWERGRID are among the Top Losers.
About 1,595 stocks are advancing as against to 555 stocks that are declining, thus indicating a positive sentiment in the broader market.
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Pre-Market Update at 8:40 AM: The S&P 500 and Dow reached record highs on Friday, driven by strong financial stocks after banks reported solid Quarterly Results. Inflation data also boosted hopes for a potential U.S. Federal Reserve rate cut in November.
The Dow Jones Industrial Average climbed 409.74 points, or 0.97 per cent, to 42,863.86. The S&P 500 rose 34.98 points, or 0.61 per cent, to 5,815.03, while the Nasdaq Composite added 60.89 points, or 0.33 per cent, to 18,342.94.
The GIFT Nifty is trading higher, indicating a positive start for the day. Nifty futures were trading at 25,189.30.
The US 10-year Treasury yield remained steady at 4.10 per cent, while the 2-year bond yield at 3.95 per cent.
Oil prices fell by a dollar in early Asian trading on Monday after weak Chinese inflation data raised demand concerns. Brent crude dropped to $77.92, while U.S. West Texas Intermediate fell to $74.49 per barrel, amid uncertainty over potential economic stimulus.
On October 11, 2024, foreign institutional investors (FII) sold shares worth Rs 4,162 crore, while domestic institutional investors (DII) bought shares worth Rs 3,730 crore.
Stocks that are banned for trading in the F&O segment on October 14, 2024, are CHAMBLFERT, GNFC, GRANULES, HINDCOPPER, IDFCFIRSTB, MANAPPURAM, PNB, RBLBANK, SAIL.
Disclaimer: The article is for informational purposes only and not investment advice.