Market Wrap: Benchmark indices closed higher while Broader indices underperformed!

On Monday, Benchmark indices concluded the trading day on a positive note as Sensex closed higher by 0.14 per cent closing at 72,748.42 level, while Nifty also surged by 0.15 per cent and closed at 22,055.70 level.

Market Update at 3:45 PM: On Monday, Benchmark indices concluded the trading day on a positive note as Sensex closed higher by 0.14 per cent closing at 72,748.42 level, while Nifty also surged by 0.15 per cent and closed at 22,055.70 level. Whereas the Broader market experienced losses as Nifty Midcap closed lower by 0.39 per cent, while Nifty Smallcap plunged by 0.57 per cent.

Market volatility, as indicated by India VIX, has surged by 1.50 per cent, reflecting a slight increase in market volatility.

Nifty Metal, Nifty Auto, Nifty Media and Nifty Energy are among the top gainers while Nifty IT, Nifty FMCG, Nifty Financial Services and Nifty Bank were among the top losers.

Tata Steel, M&M and JSW Steel were among the top gainers while Tata Consumer Product, UPL and Infosys were among the top losing stocks from the Nifty 50.

About 1128 stocks were advancing as against to 1144 stocks that were declining, thus indicating a neutral sentiment in the broader market.

Market Update at 2:20 PM: In the current trading session benchmark indices trade on a higher note with the Sensex trading moderately higher by 0.24 per cent, while Nifty trades higher by 0.22 per cent. Similarly, in the broader indices Nifty Midcap has plunged by 0.45 per cent, while Nifty Smallcap has moderately declined by 0.43 per cent.

India VIX is currently trading higher by 2.59 per cent, indicating a marginal increase in market volatility.

Nifty Metal Nifty Media and Nifty Auto are among the top gainers, while Nifty IT, Nifty FMCG and Nifty Financial Services are among the top losers.

Tata Steel, M&M and JSW Steel are among the top gainers while UPL, Tata Consumer Product and Adani Ports are among the top losing stocks from the Nifty 50.

About 1207 stocks are advancing as against 1052 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 12:40 PM: In the current trading session benchmark indices trade higher with the Sensex moderately surging by 0.23 per cent, while Nifty also gained by 0.23 per cent. Whereas, in the broader markets Nifty Midcap has plunged by 0.45 per cent, while Nifty Smallcap has plummeted by 0.58 per cent.

India VIX is currently trading higher by 3.56 per cent, indicating an increase in market volatility.

European markets are heading for a positive start to the trading week, with global investors looking ahead to the next Monetary Policy Meeting of the U.S. Federal Reserve. European futures DAX, CAC and FTSE trades higher by 0.07 per cent, 0.17 per cent and 0.10 per cent respectively.

Nifty Metal, Nifty Media and Nifty Auto are among the top gainers while Nifty IT, Nifty FMCG and Nifty Realty are among the top losers.

Tata Steel, JSW Steel and M&M are among the top gainers while UPL, Adani Ports and Tata Consumer Product are among the top losing stocks from the Nifty 50.

About 1159 stocks are advancing as against to 1093 stocks that are declining, thus indicating a positive sentiment in the broader market.

Market Update at 11:10 AM: In the ongoing trading session, benchmark indices are trading on a lower note, with Sensex trading marginally lower by 0.19 per cent while Nifty also trades lower by 0.23 per cent. Similarly, in the broader indices Nifty Midcap experiences moderate decline of 0.87 per cent, while Nifty Smallcap plummets by 0.89 per cent.

India VIX is trading higher by 4.36 per cent, indicating an increase in market volatility.

Nifty Media, Nifty Metal and Nifty Auto are among the top gainers while Nifty IT, Nifty Realty and Nifty FMCG are among the top losers.

Top gainers in individual stocks are Tata Steel, M&M and JSW Steel, whereas Adani Ports, Adani Enterprises and UPL are among the leading losers in the Nifty 50.

The broader market sentiment is negative, with 969 stocks advancing compared to 1288 stocks declining.

Market Update at 9:35 AM: On Monday, Indian markets initiated the trading week on a negative note with Sensex opening marginally lower by 0.16 per cent, while Nifty opened marginally lower by 0.25 per cent. Similarly in the broader indices Nifty Midcap opened moderatelty lower by 0.39 per cent, while Nifty Smallcap opened lower by 0.47 per cent.

India VIX has surged by 4.91 per cent, indicating an increase in market volatility.

Nifty Media and Nifty Auto are among the top gainers while Nifty Realty, Nifty Metal and Nifty IT are among the top losers.

M&M, Tata Steel and Coal India are among the top gainers while Adani Enterprises, Adani Ports and Asian Paints are among the top losing stocks from the Nifty 50.

About 1567 stocks are advancing as against to 602 stocks that are declining, thus indicating a positive sentiment in the broader market.

Pre-Market Update at 8:20 AM: On Friday, US stocks experienced a decline, primarily driven by technology-related mega caps that have been driving this year's rally, as investors assessed the interest rate outlook ahead of the Federal Reserve meeting scheduled for next week.

The Dow Jones Industrial Average decreased by 190.89 points, or 0.49 per cent, closing at 38,714.77. Similarly, the S&P 500 saw a loss of 33.39 points, or 0.65 per cent, ending at 5,117.09, while the Nasdaq Composite dropped by 155.36 points, or 0.96 per cent, to 15,973.17.

The GIFT Nifty trends suggest a negative opening for the benchmark indices, with a decline of 48 points or 0.22 per cent. Nifty futures were trading near the level of 22,048.50.

In early Asian trading on Monday, oil prices saw a slight increase, consolidating gains from the previous week, during which prices surged by almost 4 per cent amid perceptions of tightening supply.

Brent crude oil futures for May delivery edged up by 3 cents to USD 85.37 a barrel, while the April contract for U.S. West Texas Intermediate (WTI) crude rose by 10 cents to USD 81.14.

On March 15, 2024, foreign institutional investors (FII) bought shares worth Rs 848.56 crore, while domestic institutional investors (DII) offloaded shares worth Rs 682.26 crore.

Stocks that are banned for trading in the F&O segment on March 18, 2024, are ABFRL, BHEL, BIOCON, HINDCOPPER, MANAPPURAM, NATIONALUM, PEL, RBLBANK, SAIL, TATACHEM and ZEEL.