Market Wrap: Benchmark indices close higher with Nifty Smallcap among the top gainers!

In a recap of Monday's market action, the benchmark indices closed the trading session with positive gains.

Market Update on 3:45 PM: In a recap of Monday's market action, the benchmark indices closed the trading session with positive gains. The Sensex registered a notable increase of 0.92 per cent, closing higher, while the Nifty surged by 0.94 per cent, also concluding on a positive note. Simultaneously, the broader indices, encompassing the Nifty Midcap and Nifty Smallcap, closed higher, with gains of 0.88 per cent and 1.39 per cent, respectively.

Market volatility displayed an increase, with India VIX surging by 2.27 per cent.

The top-performing sectors of the day included Nifty Metal, Nifty Energy, and Nifty Pharma, while Nifty PSU Bank was the sole major sector underperforming.

Notable individual stock movements featured Divi's Laboratories, Hero Motocorp, and Eicher Motors as the top gainers, while SBI, Hindustan Unilever, and Titan faced declines within the Nifty 50 index.

The broader market sentiment remained optimistic, with around 1,419 advancing stocks compared to 617 declining stocks, highlighting a positive outlook in the broader market.

Market Update at 2:15 PM: In the latest market developments, the Sensex and Nifty are exhibiting noteworthy gains of 0.66 per cent and 0.68 per cent, respectively. Simultaneously, the Nifty Midcap and Nifty Smallcap segments are displaying robust performance with substantial increases of 0.77 per cent and 1.37 per cent, respectively.

Market volatility has seen a rise, as reflected by a 2.21 per cent surge in India VIX, indicating an increase in market turbulence.

The leading sectors for the day include Nifty Realty, Nifty Energy, and Nifty Media, while Nifty PSU Bank is the singular major sector underperforming at this juncture.

Individual stocks are making significant moves, with Eicher Motors, Hero Motocorp, and Axis Bank ranking among the top gainers, while SBI, Titan, and Cipla are leading decliners within the Nifty 50.

A positive market sentiment prevails, with approximately 1,503 advancing stocks compared to 548 stocks in decline, signifying an optimistic outlook in the broader market.

Market Update at 12:35 PM: In the latest market update, the Sensex and Nifty are showing strong performance with gains of 0.6 per cent and 0.63 per cent, respectively. Simultaneously, the Nifty Midcap and Nifty Smallcap segments are demonstrating substantial increases of 0.79 per cent and 1.06 per cent, respectively.

Market volatility is on the rise, as indicated by a 2.23 per cent surge in India VIX, signifying an increase in market turbulence.

European markets are poised for a positive start, with European futures for DAX, FTSE, and CAC trading higher by 0.02 per cent, 0.11 per cent, and 0.03 per cent, respectively.

The top-performing sectors of the day encompass Nifty Realty, Nifty Energy, and Nifty Media, while Nifty PSU Bank is the sole major sector underperforming.

Within individual stocks, Eicher Motors, Hero Motocorp, and Axis Bank are among the top gainers, while SBI, Titan, and Tata Motors lead the decliners within the Nifty 50.

A positive market sentiment prevails, with around 1,528 advancing stocks compared to 507 stocks in decline, highlighting an optimistic outlook in the broader market.

Market Update at 11:15 AM: In the latest market developments, the Sensex and Nifty are trading with gains of 0.5 per cent and 0.52 per cent, respectively. Meanwhile, the Nifty Midcap and Nifty Smallcap segments are displaying robust performance, with notable increases of 0.55 per cent and 0.92 per cent, respectively.

Market volatility has seen an uptick, as the India VIX has surged by 3.01 per cent, indicating an increase in market turbulence.

The top-performing sectors of the day encompass Nifty Realty, Nifty Energy, and Nifty Media, while Nifty PSU Bank is the sole major sector underperforming at this juncture.

Individual stock movements feature Eicher Motors, Hero Motocorp, and Axis Bank among the top gainers, while SBI, Cipla, and Tata Motors are leading decliners within the Nifty 50.

The broader market sentiment remains positive, with around 1,485 advancing stocks compared to 531 stocks in decline, reflecting a favourable outlook in the broader market.

Market Update at 9:35 AM: In the latest market developments, the week commences with the Sensex and Nifty opening moderately higher, displaying gains of 0.57 per cent and 0.58 per cent, respectively. Simultaneously, the Nifty Midcap also initiated the week on a positive note with a 0.45 per cent increase, while the Nifty Smallcap exhibited even stronger performance with an opening surge of 0.83 per cent.

Market volatility has seen a slight uptick, with the India VIX surging by 3.24 per cent, indicating a minor increase in market turbulence.

Notable sectors leading the way include Nifty Realty, Nifty Metal, and Nifty Energy, with Nifty PSU Bank being the only major sector underperforming on this particular day.

Within individual stocks, Coal India, Eicher Motors, and Hero Motocorp are among the top gainers, while Titan, ONGC and UPL are the among the top losers from the Nifty 50.

A positive sentiment prevails in the broader market, with approximately 1,579 stocks advancing compared to 334 stocks in decline, indicating an optimistic outlook for the week ahead.

Pre-Market Update at 7:50 AM: On Sunday evening, US equity futures displayed little movement after the major averages wrapped up their most impressive week of the year. Futures linked to the Dow Jones Industrial Average edged up by 0.04 per cent increase. S&P 500 futures saw a slight uptick of 0.03 per cent, while Nasdaq 100 futures remained nearly flat, with a marginal 0.01 per cent change.

The major averages all concluded their best weeks of the year, setting a positive tone for the beginning of November trading. The Dow closed the week at 34,061.32, marking a remarkable 5.07 per cent increase, making it the most successful week since October 2022. Similarly, the S&P advanced by 5.85 per cent to reach 4,358.34, and the Nasdaq Composite posted a weekly gain of 6.61 per cent, closing at 13,478.28. These performances represented the best week for both indexes since November 2022.

The GIFT Nifty suggests a slightly optimistic beginning for the benchmark indices, displaying a modest gain of 15 points. GIFT Nifty futures settled at 19,445 points, having reached a peak at 19,458 points.

On Friday, oil prices concluded the day with a decline of over 2 per cent, primarily due to a reduction in supply concerns linked to easing tensions in the Middle East. Furthermore, the release of job-related data heightened expectations that the U.S. Federal Reserve might refrain from further interest rate hikes in the largest oil-consuming economy. Brent crude futures witnessed a drop of 2.3 per cent, settling at USD 84.89 per barrel.

The Dollar index in futures exhibited a slight 0.06 per cent decrease, reaching 105.07, while the exchange rate for one US dollar remained approximately at Rs 83.16.

On November 03, 2023, foreign institutional investors (FII) offloaded shares worth Rs 12.43 crore, while domestic institutional investors (DII) purchased shares worth Rs 402.69 crore.

Stock that is banned for trading in the F&O segment on November 06, 2023, is GNFC.