Market Recap: Sensex and Nifty Conclude Session with Declines Amidst Negative Sentiment

Sensex

In the face of cautious global sentiment, the Sensex and Nifty indices have closed lower, experiencing declines of 0.31 percent and 0.44 percent, respectively. These drops are attributed to ongoing evaluations of Monetary Policy and renewed concerns regarding China’s Real Estate sector.

Market Trends at 3:45 PM

Sensex and Nifty indices conclude with 0.31 percent and 0.44 percent declines.
Nifty Midcap records a 0.33 percent dip.
Nifty Smallcap experiences a more significant decrease, closing lower by 0.6 percent.
Volatility and Sector Performances
The India VIX, an indicator of market volatility, sees a decline of 0.82 percent, signifying a slight reduction in market volatility.

Nifty PSU Bank, Nifty FMCG, and Nifty Metal segments emerge as top performers.
Nifty IT, Nifty Realty, and Nifty Pharma sectors face losses and rank among top losers.
Notable Gainers and Losers
Within the Nifty 50 index:

Top Gainers:
Adani Enterprises
Adani Ports
Eicher Motors
Top Losers:
Coal India
Hero Motocorp
TCS
Broader Market Sentiment
An analysis of broader market sentiment reveals that approximately 918 stocks advance, while 1047 stocks decline. This disparity highlights the prevailing negative sentiment within the broader market landscape.

The Day’s Market Updates

x and Nifty encounter declines of 0.41 percent and 0.37 percent, respectively.
Nifty Midcap follows suit with a 0.3 percent drop.
Nifty Smallcap faces a more substantial decline, falling by 0.58 percent.
Global sentiment remains cautious, and European markets are expected to start trading lower due to ongoing Monetary Policy evaluations and concerns over China’s Real Estate sector. DAX and FTSE futures are projected to open with declines of 0.16 percent and 0.13 percent, respectively.

The India VIX witnesses a decrease of 0.41 percent, indicating a shift in market volatility.

Nifty Media, Nifty FMCG, and Nifty Metal emerge as top gainers.
Nifty IT, Nifty Realty, and Nifty Pharma face setbacks as top losers.
Late Morning Update: 11:00 AM
Sensex and Nifty experience declines of 0.48 percent and 0.49 percent, respectively.
Nifty Midcap mirrors the trend, dipping by 0.28 percent.
Nifty Smallcap also observes a downtrend, falling by 0.36 percent.
The India VIX registers a slight surge of 0.65 percent, indicating an uptick in market volatility.

Nifty PSU Bank and Nifty Media emerge as top gainers.
Nifty IT, Nifty Realty, and Nifty Metal face challenges as top losers.
Early Morning Update: 9:25 AM
Sensex and Nifty commence with a decline of 0.25 percent.
Nifty Midcap displays slight gains, edging up by 0.21 percent.
Nifty Smallcap showcases a stronger opening, rising by 0.24 percent.
The India VIX surges by 1.23 percent, reflecting increased market volatility.

Nifty PSU Bank, Nifty Media, and Nifty Pharma emerge as top gainers.
Nifty IT, Nifty Realty, and Nifty Energy face challenges as top losers.
Pre-Market Update: 7:50 AM
During Thursday’s regular session in the US, the Dow closes below the 50-day moving average for the first time since June 1, indicating bearish sentiment. The Nasdaq Composite declines by 1.17 percent, while the S&P 500 experiences a 0.77 percent decline. Simultaneously, the 10-year US Treasury yield hits its highest level since October 2022. This follows the Federal Reserve’s July meeting minutes, hinting at possible future interest rate hikes due to inflation concerns.

Oil prices surge over 1 percent on Thursday following China’s central bank’s efforts to counter pessimism surrounding the property market and the overall economy. Brent crude futures experience a USD 1.15 increase, reaching USD 84.60 per barrel. The Dollar index trades slightly lower in futures at 103.35, as the dollar’s value remains close to Rs 83.10.

GIFT suggests a slightly negative opening for the Nifty benchmark indices, showing a fall of 65 points after Nifty’s fall of 99 points to settle at 19,365 on August 17. GIFT Nifty futures is at 19,317.

On August 17, foreign institutional investors (FIIs) sold shares worth Rs 1,510.86 crore, while domestic institutional investors (DIIs) sold shares worth Rs 313.97 crore.

The restricted stocks for trading in the F&O segment on August 18, 2023 include Chambal Fertilizers & Chemicals Ltd, Delta Corp, GNFC, Granules, Hindustan Copper, Indiabulls Housing Finance, India Cements, PNB, SAIL and Zee Entertainment.

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