Market Wrap: Benchmark indices achieve record highs, with the Nifty leaping above 23800
Nifty leaping above 23800 : Market Update @ 3:45 PM: On Wednesday, benchmark indices ended the trading day on a strong note, with the Sensex rising by 0.8% to a record high of 78,759.40, and the Nifty rising by 0.6% to a new high of 23,889.90. The Broader market had a mixed performance, with Nifty Midcap closing down 0.16 percent and Nifty Smallcap up 0.29%.
Market volatility, as measured by the India VIX, has decreased by 1.87 percent and is trading near the level of 14, indicating a minor fall in market volatility.
Within the sectoral landscape, the biggest gainers were Nifty Media, Nifty Energy, and Nifty Bank, while the top losers were Nifty Metal, Nifty Realty, and Nifty Auto.
The biggest gainers included Reliance, Bharti Airtel, and Ultratech Cement, while Apollo Hospitals, M&M, and Bajaj Auto were among the top losers.
Approximately 1060 equities were increasing compared to 1235 that were decreasing, reflecting a bearish attitude in the overall market.
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Market Update at 2:15 PM: In the current trading session, key indices are on a bullish note, with the Sensex up 0.8% and the Nifty up 0.61 percent. Similarly, in the broader indexes, Nifty Midcap has gained 0.03 percent, while Nifty Smallcap has risen by 0.19 percent.
The India VIX has fallen by 0.63 percent and is currently trading around 14, indicating a minor decrease in market volatility.
Within the sectoral landscape, Nifty Media, Nifty Energy, and Nifty Bank are among the top gainers, whereas Nifty Metal, Nifty Realty, and Nifty Auto are among the big underperformers.
The top gainers in the Nifty 50 are Bharti Airtel, Reliance, and Ultratech Cement, while the top losers are Apollo Hospitals, Hindalco, and Bajaj Auto.
About 1198 equities are advancing, compared to 1094 stocks that are decreasing, reflecting a favorable sentiment in the overall market.
Market Update @ 12:50 PM: In the current trading session, key indices are trading at all-time highs, with the Sensex up 0.62 percent and the Nifty up 0.52 percent. Similarly, in the broader indexes, Nifty Midcap has gained 0.09 percent, while Nifty Smallcap has increased by 0.27%.
The India VIX has increased by 0.31 percent and is currently trading around 14, indicating a minor increase in market volatility.
European equities are projected to open higher on Wednesday, correcting negative mood from the previous trading day. European futures DAX, CAC, and FTSE are trading up 0.7%, 0.71 percent, and 0.43 percent, respectively.
Within the sectoral landscape, the biggest gainers are Nifty Media, Nifty Energy, and Nifty FMCG, while the top losers are Nifty Metal, Nifty Realty, and Nifty Auto.
Ultratech Cement, Reliance, and Bharti Airtel are among the top gainers in the Nifty 50, while Hindalco, Apollo Hospitals, and Bajaj Auto are among the biggest losses.
Approximately 1265 equities are increasing compared to 1024 stocks that are decreasing, reflecting a favorable attitude in the overall market.
Market Update at 11:15 AM: In the current trading session, benchmark indices are trading on a bullish note, with the Sensex up 0.34 percent and reaching a new record high of 78,349.90, and the Nifty up 0.24 percent and reaching an all-time high of 23,791.70. Similarly, in the broader indexes, Nifty Midcap gained 0.02 percent, while Nifty Smallcap increased by 0.27 percent.
The India VIX has fallen by 0.91 percent and is currently trading around 14, indicating a minor decrease in market volatility.
Within the sectoral landscape, the biggest gainers are Nifty Media, Nifty Energy, and Nifty FMCG, while the top losers are Metal, Nifty Realty, and Nifty Auto.
The top gainers in individual stocks are Ultratech Cement, Reliance, and Shriram Finance, while the top losers in the Nifty 50 are Bjaj Auto, Tata Steel, and Apollo Hospitals.
The overall market mood is favorable, with 1320 stocks advancing and 942 stocks decreasing.
Nifty leaping above 23800
Market Update at 9:40 AM: On Wednesday, Indian markets began the trading day on a mixed tone, with the Nifty beginning lower and the Sensex slightly higher; similarly, the broader indices followed the pattern. Furthermore, Nifty Media was one of the top gainers, while Nifty Metal was the largest loser.
The Sensex is up 0.04%, while the Nifty is down 0.02%. Similarly, in the broader indices, Nifty Midcap is down 0.07 percent, while Nifty Smallcap is up 0.12%.
The India VIX has increased by 0.05 percent and is now trading above the level of 14, indicating a small increase in market volatility.
Within the sectoral landscape, Nifty Media, Nifty Energy, and Nifty IT were among the top gainers, while Nifty Metal, Nifty Realty, and Nifty Auto were the major sectors that traded badly.
The biggest gainers in the Nifty 50 include Ultratech Cement, BPCL, and Grasim Industries, while the top losers are Hindalco, M&M, and Apollo Hospitals.
About 1093 equities are rising compared to 1099 stocks that are falling, reflecting a neutral attitude in the broader market.
Pre-market update at 8:15 a.m. The majority of US indexes climbed on Tuesday, powered by a rebound in Nvidia shares following a three-day drop.
The Dow Jones Industrial Average fell 299.05 points, or 0.76 percent, to 39,112.16. The S&P 500 rose 21.43 points, or 0.39 percent, to 5,469.30, while the Nasdaq Composite gained 220.84 points, or 1.26 percent, to close at 17,717.65.
Early Wednesday trading saw the US 10-year yield fall modestly, while 2-year Treasury yields fell by 73 basis points.
The GIFT Nifty predicts a solid start for the Indian benchmark indices, up 0.09 percent or 22 points. Nifty futures are currently trading around the 23,840 level.
Oil prices fell in early Asian trading on Wednesday after an industry organization reported an unexpected increase in U.S. stocks, stoking fears about lower-than-expected demand in the world’s top oil consumer.
Brent crude futures fell 19 cents, or 0.2%, to USD 84.82 per barrel. Meanwhile, US West Texas Intermediate (WTI) crude futures fell by 11 cents, or 0.1%, to USD 80.72 per barrel.
On June 25, 2024, foreign institutional investors (FII) purchased shares worth Rs 1,175.91 crore and domestic institutional investors (DII) sold shares worth Rs 149.45 crore.
