In the ongoing trading session, benchmark indices are witnessing significant gains, with the Sensex making an impressive leap of 0.8 percent. Simultaneously, Nifty is also on an upward trajectory, marking an increase of 0.81 percent.
As of 11:25 AM, benchmark indices continue their upward trend, with the Sensex showcasing a robust surge of 0.8 percent. Nifty, too, is following suit with a commendable gain of 0.81 percent. Additionally, Nifty Midcap has experienced a moderate uptick of 0.62 percent, while Nifty Smallcap has substantially surged by 0.78 percent.
India VIX is currently indicating a 2.79 percent decrease, suggesting a decline in market volatility.
Sectoral Highlights
Nifty Realty, Nifty IT, and Nifty Metal stand out as the top gainers, while Nifty Media is the sole major sector currently underperforming.
Among the top gainers in individual stocks are Adani Ports, Adani Enterprise, and Hero Motocorp, while Nestle India, ONGC, and UPL find themselves among the top losing stocks in the Nifty 50.
A positive sentiment pervades the broader market, with approximately 1640 stocks advancing compared to 588 stocks declining.
On Tuesday, Indian markets kicked off the trading day positively, with the Sensex opening moderately higher by 0.52 percent. Nifty mirrored this trend, opening higher by 0.53 percent. Nifty Midcap and Nifty Smallcap also displayed positive openings of 0.41 percent and 0.66 percent, respectively.
India VIX has seen a 3.01 percent drop, indicating a slight decrease in market volatility.
Sectoral Dynamics
Nifty IT, Nifty Realty, and Nifty PSU Bank emerge as the top gaining sectors, while Nifty Media remains the only major sector underperforming.
Top gainers among individual stocks include Adani Ports, Bajaj Auto, and L&T, while UPL, Britannia, and HDFC Life find themselves among the top losing stocks in the Nifty 50.
Positive market sentiment prevails, with around 1659 stocks advancing compared to 449 stocks in decline.
Pre-Market Overview at 8:00 AM
U.S. stock futures experienced marginal declines on Monday night following a positive start to the week. Dow Jones Industrial Average futures dipped by 41 points, representing a 0.11 percent decrease, while S&P 500 futures and Nasdaq 100 futures each saw a slight dip of nearly 0.1 percent.
Global Market Influences
These shifts followed a robust trading session for equities, with the S&P 500 and the Nasdaq Composite surging more than 1 percent and 2 percent, respectively. Even the 30-stock Dow closed the day over 200 points higher, reflecting a gain of 0.6 percent.
The GIFT Nifty signals a modestly favorable opening for the benchmark indices, reflecting an uptick of 125 points. GIFT Nifty futures settled at 21,701 points following a peak at 21,812 points.
Oil Market Dynamics
On Monday, U.S. crude oil experienced a 4 percent decline following Saudi Arabia’s decision to reduce its prices, reigniting concerns about an oversupplied market coinciding with weakening demand.
The Dollar index saw a 0.06 percent decrease in futures, settling at 102.32, while the exchange rate for one dollar remained around Rs 83.09.
Financial Insights
On January 8, 2024, foreign institutional investors (FII) bought shares worth Rs 16.03 crore, while domestic institutional investors (DII) purchased shares worth Rs 155.96 crore.
Stocks to Note
Stocks banned for trading in the F&O segment on January 9, 2024, include BALRAMCHIN, BANDHANBNK, CHAMBLFERT, DELTACORP, ESCORTS, GNFC, HINDCOPPER, IEX, INDIACEM, NATIONALUM, PEL, SAIL, and ZEEL.
