Market Wrap: Benchmark indices close on a positive note with Nifty FMCG among the top gainers!

Market Wrap: Benchmark indices close on a positive note with Nifty FMCG among the top gainers!

Siddharth Mane
/ Categories: Trending, Mkt Commentary

On Wednesday, Benchmark indices concluded trading day on a positive note as Sensex moderately gained by 0.36 per cent and closed at 74,221.06 level, while Nifty gained by 0.31 per cent and closed at 22,597.80 level.

Market Update at 3:50 PM: On Wednesday, Benchmark indices concluded trading day on a positive note as Sensex moderately gained by 0.36 per cent and closed at 74,221.06 level, while Nifty gained by 0.31 per cent and closed at 22,597.80 level. Whereas the Broader market experienced mixed performance as Nifty Midcap closed higher by 0.19 per cent, while Nifty Smallcap plunged by 0.35 per cent.

Market volatility, as indicated by India VIX, has declined 1.57 per cent but is trading above the level of 21 reflecting heightened market volatility.

Nifty FMCG, Nifty Realty and Nifty Energy closed positively while Nifty Metal, Nifty Bank and Nifty Financial Services were the only major sectors which underperformed.

Cipla, Hindustan Unilever and Tata Consumer Product were among the top gainers while Shriram Finance, SBI and Apollo Hospitals were among the top losing stocks from the Nifty 50.

About 1017 stocks were advancing as against to 1081 stocks that were declining, thus indicating a slight negative sentiment in the broader market.

DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.

 

Market Update at 2:15 PM: In the current trading session benchmark indices trade on a positive note with the Sensex trading slightly higher by 0.22 per cent, while Nifty gained by 0.18 per cent. Similarly, in the broader indices Nifty Midcap has gained by 0.04 per cent, while Nifty Smallcap has plunged by 0.42 per cent.

India VIX is currently trading lower by 1.79 per cent, indicating a slight declined in market volatility.

Nifty FMCG, Nifty IT and Nifty Realty are the major sectors which are trading positively while Nifty Metal, Nifty Bank and Nifty Financial Services are among the top losers.

Cipla, Hindustan Unilever and Coal India are among the top gainers while Hindalco, SBI and BPCL are among the top losing stocks from the Nifty 50.

About 1011 stocks are advancing as against 1080 stocks that are declining, thus indicating a slight negative sentiment in the broader market.

 

Market Update at 12:40 PM In the current trading session benchmark indices trade marginally higher as Sensex has gained by 0.18 per cent, while Nifty has gained by 0.12 per cent. Whereas, in the broader indices Nifty Midcap has gained by 0.14 per cent, while Nifty Smallcap has plunged by 0.32 per cent.

India VIX is down by 1.13 per cent but is trading above the level of 21, indicating heightened market volatility.

European stocks are heading for a higher open on Wednesday as regional markets continue to have mixed views over the inflation outlook and trajectory of interest rates. European futures CAC trades marginally higher by 0.01 per cent, while DAX and FTSE trades lower by 0.07 per cent and 0.65 per cent respectively.

Nifty FMCG, Nifty Realty and Nifty Energy are trading positively while Nifty Bank, Nifty Financial Services and Nifty PSU Bank are among the top losers.

Cipla, Hindustan Unilever and Coal India are among the top gainers while BPCL, Hero Motocorp and SBI are among the top losing stocks from the Nifty 50.

About 1053 stocks are advancing as against to 1042 stocks that are declining, thus indicating a slight positive sentiment in the broader market.

 

Market Update at 11:10 AM: In the ongoing trading session, Benchmark indices are trading on a higher note with Sensex trading marginally higher by 0.13 per cent, while Nifty gained by 0.07 per cent. Whereas, in the broader indices Nifty Midcap experience marginal gains of 0.07 per cent, while Nifty Smallcap has declined by 0.34 per cent.

India VIX is has slightly declined by 0.13 per cent and is trading above the mark of 21, indicating heightened market volatility.

Nifty FMCG, Nifty Realty and Nifty Energy are trading positively while Nifty Bank, Nifty Financial Services and Nifty Metal are among the top losers.

Top gainers in individual stocks are Hindustan Unilever, Coal India and Reliance, whereas SBI, BPCL and Sun Pharma are among the top losers in the Nifty 50.

The broader market sentiment is positive, with 1055 stocks advancing compared to 1022 stocks declining.

 

Market Update at 9:35 AM: On Wednesday, Indian markets initiated the trading day on a positive note with Sensex opening marginally higher by 0.22 per cent, while Nifty also opened higher by 0.18 per cent. Whereas, in the broader indices Nifty Midcap opened on a higher note by 0.25 per cent, while Nifty Smallcap has plunged by 0.09 per cent.

India VIX has surged by 0.17 per cent and is trading above the level of 21, indicating heightened market volatility.

Nifty Realty, Nifty Energy and Nifty FMCG are trading positively while Nifty Auto, Nifty Bank and Nifty Financial Services are among the top losers.

Reliance, Coal India and NTPC are among the top gainers while Sun Pharma, SBI and Apollo Hospitals are among the top losing stocks from the Nifty 50.

About 1162 stocks are advancing as against to 807 stocks that are declining, thus indicating a positive sentiment in the broader market.

 

Pre-Market Update at 8:40 AM: Wall Street closed slightly higher on Tuesday, and U.S. Treasury yields dipped amid a quiet period before the holiday weekend and a lack of significant market drivers.

All three major U.S. indexes rose, with the S&P 500 and the Nasdaq achieving all-time closing highs ahead of Nvidia Corp's Quarterly Results and the release of the U.S. Federal Reserve's latest monetary policy meeting minutes, both expected on Wednesday.

The GIFT Nifty indicates a positive start for the Indian Benchmark indices, with a gain of 0.1 per cent or 23 points. Nifty futures are currently trading near the 22,590 mark.

DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.

Oil prices declined for the third consecutive session on Wednesday, driven by expectations that the Federal Reserve might maintain higher U.S. interest rates for an extended period due to persistent inflation, which could potentially affect fuel consumption in the world's largest oil consumer.

On May 21, 2024, foreign institutional investors (FII) offloaded shares worth Rs 1,874.54 crore, while domestic institutional investors (DII) bought shares worth Rs 3,548.97 crore.

Stocks that are banned for trading in the F&O segment on May 22, 2024, are ABCAPITAL, BALRAMCHI, BANDHANBNK, BIOCO, GMRINFRA, GRANULES, IDEA, IEX, INDIACEM, NATIONALUM, PEL, PNB and ZEEL.

Previous Article Multibagger cable stock at Rs 75.62 with Rs 443.5 crore order book hit upper circuit on May 22; Spurt in volume by more than 5 times on BSE
Next Article Shares below Rs 100: Only buyers were seen in these stocks on May 22
Rate this article:
5.0

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR