Stock Market : Closing Bell

Closing bell: Indian Markets close substantially lower amidst higher volatility - October 26, 2023

In Thursday’s trading session, the Indian stock markets experienced substantial declines with Nifty Metal among the top losers.

In Thursday’s trading session, the Indian stock markets experienced substantial declines, with the Sensex closing the day with a 1.41% decrease, falling below the 63,200 mark. Similarly, the Nifty registered a 1.39% decline, concluding below 18,900 level.

Broader indices also registered losses, with the Nifty Mid-cap and Nifty Small-cap both dipping by 1.16% and 0.34%, respectively.

Throughout the day, no major sectors traded positively, while Nifty Metal led the losses with a significant drop of over 1% followed by Nifty Auto, Nifty Financial Services, and Nifty Bank were among the top sectors facing losses.

Noteworthy gains were observed in stocks such as Axis Bank, ITC, HCL Technologies, and Adani Ports within the Nifty 50 index. In contrast, M&M witnessed a decline of over 4%, with Bajaj Finance, UPL, and Asian Paints leading the decliners in the index.

In the broader market, some stocks displayed positive movements, with JSWENERGY, SONACOMS, SONATASOFTW, and ANGELONE recording significant gains. Conversely, PAYTM, JUBLFOOD, WELSPUNIND, and CAMS faced losses.

Private sector lender Axis Bank reported a net profit of Rs 5,864 crore for the July-September FY24 quarter, surpassing market estimates. The net interest income (NII) was also higher than expected, at Rs 12,315 crore.

Overall, the market sentiment was predominantly pessimistic, with approximately 754 advancing stocks and 1,262 declining stocks, indicating a negative sentiment in the broader market.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

Indian Markets close substantially higher with Nifty Small-cap leading the way - 27 October

In the Friday market session, the Indian stock markets displayed significant gains. The Sensex closed the day with a substantial 1.01% increase, surpassing the 63,700 mark, while the Nifty registered a strong 1.01% surge, concluding above the 19,000 level.

The broader indices also experienced notable gains, with the Nifty Mid-cap and Nifty Small-cap both surging by 1.54% and 2.01%, respectively.

Throughout the trading day, all major sectors exhibited positive trends, with Nifty PSU Bank leading the way with an impressive 4% surge, followed by Nifty Media, Nifty Realty, and Nifty Energy.

Significant gains were evident in individual stocks, including Axis Bank, which rose by over 3%, along with HCL Technologies, Coal India, and Adani Enterprises within the Nifty 50 index. In contrast, Dr Reddy’s Laboratories, UPL, SBI Life, and Asian Paints were among the top decliners in the index.

In the broader market, several stocks displayed positive movements, with MAZDOCK, ADANIPOWER, WELSPUNIND, and IOB recording substantial gains. Conversely, PRESTIGE, IGL, APARINDS, and INTELLECT faced losses.

On the commodity front, oil prices rebounded on Friday, recovering from a previous drop of more than USD 2 per barrel. This recovery was attributed to receding concerns about an expanded conflict in the Middle East and signs of reduced demand from the United States, the world’s largest oil consumer. Brent crude futures increased by 45 cents, equivalent to 0.5%, reaching USD 88.38 per barrel.

Overall, market sentiment remained predominantly optimistic, with approximately 1,684 advancing stocks and 338 declining stocks, reflecting a positive outlook in the broader market.

Indian markets close moderately higher with Nifty Realty among the top gainers - October 30, 2023

In Monday’s session, the Indian stock markets posted moderate gains, with the Sensex rising by 0.52% to surpass the 64,100 mark, and the Nifty registering a 0.49% surge to close above 19,100.

The Indian stock markets posted moderate gains today, with the Sensex rising by 0.52% to surpass the 64,100 mark, and the Nifty registering a 0.49% surge to close above 19,100. The broader indices, including the Nifty Mid-cap and Nifty Small-cap, also saw slight gains, increasing by 0.09% and 0.15%, respectively.

Positive trends were observed across major sectors throughout the trading day, with Nifty Realty leading the way with a substantial 2% surge. Other sectors, including Nifty Energy, Nifty Bank, and Nifty Financial Services, also performed well.

Individual stocks made significant moves, with BPCL showing a remarkable increase of over 3%, along with Ultratech Cement, ONGC, and Reliance within the Nifty 50 index. Conversely, UPL, Tata Motors, Maruti Suzuki India, and Axis Bank were among the top decliners in the index.

In the broader market, several stocks displayed positive movements, including Vodafone Idea, PB Fintech Ltd, Finolex Cables, and Mangalore Refinery and Petrochemicals, which recorded substantial gains. However, M&M Financial Services, Petronet LNG, AAVAS Financiers, and Indiamart Intermesh faced losses.

Foreign Portfolio Investors (FPIs) have withdrawn over Rs 20,300 crore from Indian equities this month, primarily due to a sharp surge in the US treasury yield and the uncertainty resulting from the Israel-Hamas conflict. Interestingly, FPI activity in the Indian debt market has seen an infusion of Rs 6,080 crore during the same period.

Overall, market sentiment remained predominantly optimistic, with around 1033 advancing stocks and 988 declining stocks, reflecting a positive outlook in the broader market.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

Indian markets close moderately lower with Nifty Realty among the top gainers

On Wednesday, the Indian stock markets encountered modest setbacks, as the Sensex recorded a 0.44% decline, closing below the 63,600 mark, and the Nifty experienced a 0.47% drop, settling below the 19,000 level.

On Wednesday, the Indian stock markets encountered modest setbacks, as the Sensex recorded a 0.44% decline, closing below the 63,600 mark, and the Nifty experienced a 0.47% drop, settling below the 19,000 level. The broader indices, including the Nifty Mid-cap and Nifty Small-cap, also registered losses of 0.26% and 0.07%, respectively.

Despite the overall downward trend, certain sectors displayed positive momentum during the trading day. Notably, Nifty Realty took the lead with a substantial 1.5% surge, followed by Nifty Media and Nifty Pharma, while Nifty Metal, Nifty IT, and Nifty Auto found themselves among the day’s top losers.

Within the individual stock landscape, there were notable movements. Sun Pharma stood out with a remarkable gain of over 2.5%, along with BPCL, Hindalco, and Bajaj Auto within the Nifty 50 index. Conversely, Adani Enterprises, Coal India, SBI Life, and Asian Paints faced declines in the index.

In the broader market, several stocks exhibited positive performances, including Vodafone Idea, Indus Towers Ltd, Birlasoft, and Granules, all of which recorded substantial gains. However, Max Financial Services, Petronet LNG, Natco Pharma, and Indiamart Intermesh faced losses.

Furthermore, on October 31, India increased the windfall tax on petroleum crude to Rs 9,800/ton from Rs 9,050/ton, effective from November 1, as per a government notification. The windfall tax on aviation turbine fuel was reduced to nil from 1 rupee per litre, and diesel’s tax was lowered to Rs 2/litre from Rs 4/litre, according to the notification.

These changes were influenced by crude oil prices, which were trading around USD 85 per barrel due to supply constraints and geopolitical tensions. In the preceding fortnightly review on October 17, the government had decreased the special additional excise duty (SAED) on crude petroleum to Rs 9,050/ton, effective from October 18.
In summary, the prevailing market sentiment leaned towards pessimism, with approximately 737 advancing stocks compared to 1,267 declining stocks, signifying a negative outlook in the broader market.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

Indian markets close higher with Nifty Midcap among the top gainers!

On Thursday, the benchmark indices wrapped up the trading session on a positive note. The Sensex marked a remarkable gain of 0.77%, closing above the 64,000 level, while the Nifty surged by 0.76%, closing above the 19,100 level. Simultaneously, the broader indices, including the Nifty Midcap and Nifty Smallcap, also closed with substantial increases of 1.39% and 1.34%, respectively.

The top-performing sectors of the day included Nifty Realty, Nifty PSU Bank, Nifty Metal, and Nifty Energy, with no major sectors underperforming.

Individual stock movements were significant, with Britannia leading the gainers with an impressive surge of over 2.5%. Indusind Bank, Hindalco, and Apollo Hospitals within the Nifty 50 index also posted notable gains. In contrast, Hero Motocorp, Tech Mahindra, Bajaj Auto, and Bajaj Finance faced declines in the index.

In the broader market, several stocks exhibited positive performances, with Vodafone Idea, Rec Ltd, Triveni Turbine Ltd, and Krbl Ltd recording substantial gains. However, Gland Pharma, Fact, Deepak Fertilizers, and Jbm Auto faced losses.

Notably, the government’s Goods and Services Tax (GST) collections saw a robust 13% year-on-year increase in October, reaching Rs 1.72 lakh crore, marking the second-highest revenue collection ever.

Check: GST Collection in October 2023

The broader market sentiment remained optimistic, with approximately 1,438 advancing stocks compared to 589 declining stocks, underscoring a favourable outlook in the broader market.

Indian markets close higher with Nifty Smallcap leading the gains: November 1, 2023

In a recap of Friday’s market action, the benchmark indices concluded the trading session on a positive note.

In a recap of Friday’s market action, the benchmark indices concluded the trading session on a positive note. The Sensex made a moderate gain of 0.44%, closing above the 64,300 level, while the Nifty surged by 0.51%, closing above the 19,200 level. Simultaneously, the broader indices, including the Nifty Midcap and Nifty Smallcap, also closed with substantial increases of 0.7% and 1.21%, respectively.

The top-performing sectors of the day encompassed Nifty Realty surging over 2.5% followed by Nifty Media, Nifty Bank, and Nifty IT, with no major sectors underperforming.

Notable individual stock movements included Apollo Hospitals leading the gainers with an impressive surge of over 5%. Adani Ports, Eicher Motors, and LTIMindtree within the Nifty 50 index also posted notable gains, while Bajaj Finserv, Dr Reddy’s Laboratories, SBI Life, and Indusind Bank faced declines.

In the broader market, several stocks exhibited positive performances, with Dr Lal Path Labs, L&T Finance Holdings, JK Laksmi Cement, and Amber Enterprises recording substantial gains. However, MRF, One 97 Communications, Kec International, and Aegis Logistics faced losses.

Moreover, oil prices experienced a 1% surge on Thursday, halting a three-day decline, as renewed risk appetite returned to the financial markets following the US Federal Reserve’s decision to maintain its benchmark interest rates. Brent crude futures rose by USD 1.77, or 2.1%, reaching USD 86.43 per barrel.

Check out: Oil Prices Rise Despite US Crude Stock Increases and Fed Rate Hold - #3

This increase in oil prices correlated with the broader rally in financial assets triggered by the Fed’s decision to keep its benchmark interest rate steady within the range of 5.25% to 5.50% during its recent meeting on Wednesday.

The broader market sentiment remained optimistic, with approximately 1,319 advancing stocks compared to 687 declining stocks, underscoring a favourable outlook in the broader market.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

Indian markets close higher with Nifty Metal among the top gainers | November 6, 2023!

Description: In a recap of Monday’s market performance, the benchmark indices concluded the trading session on a positive note.

In a recap of Monday’s market performance, the benchmark indices concluded the trading session on a positive note. The Sensex recorded a modest gain of 0.92 per cent, closing above the 64,900 level, while the Nifty surged by 0.94 per cent, closing above the 19,400 level. Concurrently, the broader indices, encompassing the Nifty Midcap and Nifty Smallcap, also ended the day with substantial increases of 0.88 per cent and 1.39 per cent, respectively.

The top-performing sectors of the day included Nifty Metal, which surged by over 1 per cent, followed by Nifty Energy, Nifty Pharma, and Nifty Realty, with Nifty PSU Bank being the sole sector underperforming.

Individual stock movements featured Divis Laboratories leading the gainers with a remarkable surge of over 4 per cent within the Nifty 50 index, followed by Hero Motocorp, Eicher Motors, and L&T, while SBI, Hindustan Unilever, Titan, and Tata Motors faced declines.

In the broader market, several stocks exhibited positive performances, with Deepak Nitrite, FSN E commerce Ventures, Amber Enterprises, and Metropolis Healthcare recording substantial gains. However, Zee Entertainment Ltd, One 97 Communications, Angel One and Triveni Turbine encountered losses.

The selling spree by Foreign Portfolio Investors (FPIs) continued, as they withdrew over Rs 3,400 crore from the Indian equity markets in the first three trading sessions of November. This trend is attributed to rising interest rates and geopolitical tensions in the Middle East, following withdrawals of Rs 24,548 crore in October and Rs 14,767 crore in September.

The broader market sentiment remained optimistic, with approximately 1,419 advancing stocks compared to 617 declining stocks, emphasizing a favourable outlook in the broader market.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

7 November, 2023: Indian markets close lower with Nifty Pharma among the top gainers!

On Tuesday, the benchmark indices concluded the trading session with a slight negative tone. Both the Sensex and Nifty witnessed a modest decline of 0.3% each, closing just below the levels of 65,000 and 19,500, respectively. In contrast, the broader indices, which encompass the Nifty Midcap and Nifty Smallcap, wrapped up the day with modest increases of 0.28% and 0.75%, respectively.

Sectoral performance exhibited noteworthy trends, with Nifty Pharma leading the gainers, surging by over 1%. Following closely were Nifty PSU Bank, Nifty Bank, and Nifty Energy. However, Nifty Realty, Nifty Media, and Nifty Auto saw declines.

Within the individual stock landscape, Sun Pharma stood out as the top gainer in the Nifty 50 index, with a remarkable surge of over 1.5%. It was followed by BPCL, NTPC, and Dr Reddy’s Laboratories. Conversely, Hero Motocorp, Bajaj Finance, Coal India, and JSW Steel faced declines.

In the broader market, several stocks showcased positive performances, with Hindustan Petroleum Corp, Alkem Laboratories, Jyothy Labs, and BSE recording substantial gains. However, Godrej Properties, Oberoi Realty, Kec International, and Angel One encountered losses.

The oil market experienced a slight uptick on Monday, driven by the commitment of top oil exporters Saudi Arabia and Russia to extend voluntary oil output cuts until the end of the year. Meanwhile, investors remained watchful regarding potential U.S. sanctions on Iranian oil. Brent crude futures increased by 41 cents, or 0.5%, reaching USD 85.30 a barrel.

The broader market sentiment remained optimistic, with approximately 1,082 advancing stocks compared to 946 declining stocks, emphasizing a favorable outlook in the broader market.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

Closing bell: Indian markets close higher with Nifty Realty among the top gainers!

On Wednesday, the Indian benchmark indices wrapped up the trading session on a positive note.

On Wednesday, the Indian benchmark indices wrapped up the trading session on a positive note, with the Sensex closing 0.05% higher above the 64,900 level, and the Nifty concluding higher by 0.19% above the 19,400 level. Similarly, the broader indices, including the Nifty Midcap and Nifty Smallcap, saw significant increases of 0.99% and 0.7%, respectively.

Sectoral performance exhibited notable trends, with Nifty Realty leading the gainers, surging by over 1.5%. Following closely were Nifty Pharma, Nifty Metal, and Nifty FMCG. However, Nifty Financial Services, Nifty IT, Nifty Bank, and Nifty Media witnessed declines.

Within the realm of individual stocks, BPCL emerged as the top gainer, with an impressive surge of over 3%, followed by Adani Ports, Asian Paints, and Cipla. Conversely, ICICI Bank, NTPC, Infosys, and Tech Mahindra were among the top losers within the Nifty 50.

In the broader market, several stocks displayed positive performances, with Hindustan Petroleum Corp, Poonawalla Fincorp, NLC India Ltd, and Angel One recording substantial gains. However, Bhel, Bharat Forge, Easy Trip Planners, and Affle (India) faced declines.

On Tuesday, oil prices reached new lows not seen in 2½ months, with mixed economic data from China countering the effects of Saudi Arabia and Russia extending output cuts. Brent crude futures experienced a significant decline of USD 2.64, equivalent to 3.11%, reaching USD 82.53 per barrel.

The broader market sentiment remained optimistic, with approximately 1,126 advancing stocks compared to 900 declining stocks, underscoring a favourable outlook in the broader market.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

Closing bell: Indian markets closed on a lower note with Nifty Realty among the top gainers - 9 November, 2023!

On Thursday, the Indian benchmark indices concluded the trading session on a negative trajectory.

On Thursday, the Indian benchmark indices concluded the trading session on a negative trajectory, witnessing the Sensex closing 0.22% lower below the 64,900 level and the Nifty finishing down by 0.25% below the 19,400 level. The broader market painted a mixed picture with Nifty Midcap registering a 0.22% increase and Nifty Smallcap recording a 0.24% decline.

Sectoral dynamics showcased significant movements, with Nifty Realty leading the gainers with an impressive surge of over 1%. Notable performers also included Nifty Auto and Nifty Bank. Conversely, sectors like Nifty FMCG, Nifty IT, Nifty Metal, and Nifty Energy experienced declines.

Individual stock movements featured M&M as the top gainer, boasting a remarkable surge of over 4%, followed by Apollo Hospitals, Coal India, and Power Grid. On the flip side, Adani Enterprises, Hindustan Unilever, Adani Ports, and Tata Consumer found themselves among the top losers within the Nifty 50.

In the broader market landscape, several stocks showcased positive performances, with Power Fin Corp, Prestige Estate, Aegis Logistics Ltd, and Metropolis Healthcare recording substantial gains. However, Tube Invest of India, Deepak Nitrite, Krbl Ltd, and Amber Enterprises faced declines.

Oil prices continued their downward trajectory on Wednesday, extending the decline to the lowest level in over three months. Concerns over weakening demand in the United States and China contributed to this decline. Brent crude futures experienced a decrease of 54 cents, reaching USD 81.07 per barrel. Simultaneously, the Dollar index registered a 0.06 percent increase in futures, reaching 105.61, and the value of one dollar remained around Rs 83.24.

The broader market sentiment remained pessimistic, with approximately 770 advancing stocks compared to 1246 declining stocks, indicating an unfavourable outlook in the broader market.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

Closing bell: Indian markets closed on a higher note with Nifty Energy among the top gainers - 10 November, 2023!

On Friday, the Indian benchmark indices concluded the trading session on a positive trajectory.

The week concluded on a positive note for the Indian benchmark indices, with the Sensex and Nifty both closing higher. The Sensex recorded a 0.11% gain, securing its position above the 64,900 level, while the Nifty ended the day 0.15% higher, surpassing the 19,400 level. Furthermore, the broader market displayed a positive trend, with Nifty Midcap and Nifty Smallcap both registering a 0.48% and 0.47% increase.

Sectoral performance showcased significant movements, with Nifty Energy leading the gainers, closely followed by Nifty Metal, Nifty Financial Services, and Nifty Bank. However, sectors such as Nifty Media, Nifty IT, and Nifty Auto experienced declines.

Individual stock movements were notable, with NTPC emerging as the top gainer, boasting a remarkable surge of over 2%. ONGC, Tech Mahindra, and Tata Consumer Product also delivered strong performances. On the flip side, Hero Motocorp, M&M, HCL Technologies, and Titan found themselves among the top losers within the Nifty 50.

In the broader market landscape, several stocks showcased positive performances, with Fortis Healthcare Ltd, KPIT Technologies, MCX, and Global Health recording substantial gains. However, Zee Entertainment, Piramal Enterprises, Data Patterns, and Amber Enterprises faced declines.

The equity market continued to attract investors in October, as data from the Association of Mutual Funds of India (AMFI) indicated increased net flows across all categories of equity funds. Notably, small-cap mutual fund schemes received substantial inflows, totalling Rs 4,495 crore in October 2023, up from Rs 2,678 crore in the previous month.

Overall, equity funds received inflows worth Rs 19,957 crore, a significant increase from September’s Rs 14,091 crore. October marked the third-highest monthly inflow into equity funds in 2023, and the fourth consecutive month where all equity fund categories recorded positive net inflows.

The broader market sentiment remained optimistic, with approximately 1029 advancing stocks compared to 978 declining stocks, underscoring a favourable outlook in the broader market.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

Closing bell: November 13, 2023 - Benchmark indices close lower with Nifty PSU Bank among the top gainers!

On Monday, the Indian benchmark indices wrapped up the trading session on a downward trend.

On Monday, the Indian benchmark indices wrapped up the trading session on a downward trend, with the Sensex closing 0.5% lower, slipping below the 65,000 mark, while the Nifty concluded down by 0.42%, settling below 19,500. In contrast, the broader market, including the Nifty Midcap and Nifty Smallcap, recorded gains of 0.07% and 0.68%, respectively.

Sectoral dynamics saw significant movements, with Nifty PSU Bank leading the gainers with an impressive surge of over 2.5%. Notable performers also included Nifty Energy and Nifty Metal. However, sectors like Nifty Financial Services, Nifty IT, and Nifty Media experienced declines.

Among individual stock movements, Coal India emerged as the top gainer, with a remarkable surge of over 5%, followed by Eicher Motors and Hindalco. On the flip side, SBI Life, Bajaj Finance, and Infosys found themselves among the top losers within the Nifty 50.

In the broader market landscape, several stocks delivered positive performances, with Union Bank, Indian Bank, BSE, and Hindustan Copper recording substantial gains. On the other hand, Page Industries, Prestige Estate, Glenmark Pharmaceuticals, and Global Health faced declines.

On the auspicious occasion of Diwali, during the Muhurat trading session on Sunday evening, Dalal Street witnessed a surge in buyers, leading to a surge in benchmark indices, albeit with lower trading volume. The BSE Sensex climbed 354.77 points (0.55%) to 65,259.45, and the NSE Nifty 50 rose by 100.20 points (0.52%) to 19,525.55.

Additionally, broader markets outperformed, with the Nifty Smallcap 100 gaining 1.14%, the Nifty Midcap rising 0.61%, and the Nifty 500, increasing by 0.61%.

The broader market sentiment exhibited a degree of pessimism, with approximately 762 advancing stocks compared to 1,276 declining stocks, suggesting a less favourable outlook in the broader market.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

Closing bell: 15 November, 2023: Benchmark indices close higher with Nifty Realty among the top gainers!

On Wednesday, the Indian benchmark indices wrapped up the trading session on a positive note.

On Wednesday, Indian benchmark indices witnessed a bullish trend, with the Sensex climbing 1.14%, surpassing the 65,600 mark, and the Nifty rising 1.19%, closing above 19,600. The broader market mirrored this enthusiasm, as Nifty Midcap and Nifty Smallcap notched up gains of 0.96% and 1.32%, respectively.

In the sectoral arena, Nifty Realty stole the spotlight, leading gainers with an impressive surge of over 2.5%. Nifty IT and Nifty Metal also contributed to the positive momentum.

Eicher Motors took the lead among individual stocks, experiencing a remarkable surge of over 5%, followed by Tech Mahindra and Hindalco. Conversely, Bajaj Finance, Indusind Bank, and Power Grid were among the top losers within the Nifty 50.

In the broader market scene, several stocks posted positive performances, with Oberoi Realty, Mphasis, Angel One, and Manappuram Finance recording substantial gains. On the flip side, Nmdc, Fortis Healthcare, Natco Pharma, and Creditaccess Grameen faced declines.

Oil prices strengthened on Tuesday, buoyed by the International Energy Agency’s upward revision of demand growth forecasts, coupled with positive signals from OPEC and a U.S. inflation slowdown. Brent crude contracts for January rose by USD 1.06, or 1.28%, reaching USD 83.58 a barrel.

The broader market sentiment suggests an optimistic trend, with 1293 advancing stocks compared to 736 declining stocks, signalling an overall positive sentiment in the broader market.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

Closing bell: Benchmark indices close higher with Nifty IT among the top gainers - 16.11.2023 !

Description: On Thursday, the Indian benchmark indices wrapped up the trading session on a positive note.

Thursday marked a bullish trend for Indian benchmark indices, with the Sensex climbing 0.47% to surpass 65,900, and the Nifty rising 0.46%, closing above 19,700. This positive momentum extended to the broader market, as Nifty Midcap and Nifty Smallcap recorded gains of 0.78% and 0.58%, respectively.

In the sectoral landscape, Nifty IT stole the spotlight, leading gainers with an impressive surge of over 2.5%. Contributing to the positive momentum were Nifty Realty and Nifty Pharma, while Nifty PSU Bank, Nifty FMCG, and Nifty Bank faced losses.

Hero Motocorp emerged as the leader among individual stocks, experiencing a remarkable surge of over 3%, followed by Tech Mahindra and TCS. On the flip side, Axis Bank, Power Grid, and Coal India were among the top losers within the Nifty 50.

In the broader market scene, positive performances were noted, with Coforge Ltd, KPIT Technologies, Manappuram Finance, and Cesc Ltd recording substantial gains. Conversely, Poonawalla Fincorp, Union Bank, Kalyan Jewellers, and Jyothy Labs Ltd faced declines.

Oil prices experienced a decline on Wednesday, with indications suggesting that the United States, the world’s largest oil producer, may have reached peak production. This offset positive signals for crude demand from China, leading to a decrease in Brent futures by 92 cents, reaching USD 81.55 per barrel. In the futures market, the Dollar index traded 0.30% higher at 104.36, while the value of one dollar remained around Rs 83.18.

The broader market sentiment indicates an optimistic trend, with 1045 advancing stocks compared to 967 declining stocks, signalling an overall positive sentiment in the broader market.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

Closing bell: 17.11.2023 - Benchmark indices close lower with Nifty Pharma among the top gainers!

On Friday, the Indian benchmark indices wrapped up the trading session on a lower note.
Friday witnessed a bearish trend in Indian benchmark indices, with the Sensex declining by 0.28%, closing below 65,800, and the Nifty plunged by 0.17%, closing below 19,800. Conversely, in the broader market, Nifty Midcap and Nifty Smallcap recorded gains of 0.2% and 0.09%, respectively.
In the sectoral landscape, Nifty Pharma took the spotlight, leading gainers. Contributing to the positive momentum were Nifty FMCG and Nifty Auto, while Nifty PSU Bank, Nifty Bank, and Nifty Financial Services faced losses.

SBI Life emerged as the leader among individual stocks, experiencing a remarkable surge of over 3.5%, followed by HDFC Life and Apollo Hospitals. On the flip side, Axis Bank, SBI, and ONGC were among the top losers within the Nifty 50.

In the broader market scene, positive performances were noted, with FSN E-Commerce Ventures Ltd, Rail Vikas Nigam, IRB Infra Dev, and RITES Ltd recording substantial gains. Conversely, L&T Finance Holdings, Aditya Birla Capital, RBL Bank, and IDBI Bank Ltd faced declines.
US crude prices experienced a decline of over 4% on Thursday, driven by an increase in inventories coupled with a decrease in industrial production. The Brent January contract saw a significant drop of USD 3.59, equivalent to 4.42%, settling at USD 77.59 per barrel. Both US crude and the global benchmark were trading at their lowest levels since early July.

In October, US industrial production contracted by 0.6%, attributed to the impact of the United Auto Workers strike on motor vehicle output, as indicated by data released by the Federal Reserve on Thursday. Simultaneously, the Dollar index traded 0.06% lower in futures at 104.40, while the value of one dollar remained close to Rs 83.23.

The broader market sentiment indicates an optimistic trend, with 1027 advancing stocks compared to 1008 stocks, signalling an overall positive sentiment in the broader market.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

20th November, 2023: Benchmark indices close lower with Nifty IT among the top gainers!

On Monday, the Indian benchmark indices wrapped up the trading session on a lower note.

Monday marked a bearish trend for Indian benchmark indices, with the Sensex declining by 0.21% and the Nifty falling by 0.19%, closing below 65,700 and 19,700, respectively. Conversely, in the broader market, Nifty Midcap recorded gains of 0.11%, while Nifty Smallcap saw a marginal decline of 0.07%.

In the sectoral landscape, Nifty IT took the spotlight as the leading gainer, supported by Nifty PSU Bank and Nifty Pharma, while Nifty Auto, Nifty Media, and Nifty Metal faced losses. Individual stock performances featured Divi’s Laboratories as the top gainer, with a surge of over 2%, followed by Bharti Airtel and HCL Technologies. Conversely, Adani Enterprises, Bajaj Finance, and M&M found themselves among the top losers within the Nifty 50.

In the broader market scene, positive performances were noted, with KPIT Technologies, Mankind Pharma, Latent View Analytics, and Cyient Ltd recording substantial gains. On the flip side, Balkrishna Industries, Yes Bank, BSE, and Easy Trip Planners faced declines.

Oil prices rebounded on Friday, recovering from a four-month low reached the previous day, witnessing a 5% decline amid concerns over increasing non-OPEC supply and a demand slowdown. The Brent contract for January posted a gain of 3.2%, equivalent to USD 2.49, reaching USD 79.91 a barrel. In the futures market, the Dollar index traded 0.51% lower at 103.82, while the value of one dollar remained close to Rs 83.29.

The broader market sentiment indicates a nuanced trend, with 949 advancing stocks compared to 1089 declining stocks, signalling a mixed sentiment in the broader market, reflecting the ongoing complexities in market dynamics.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

21st November, 2023: Benchmark indices outperform with Nifty Metal among the top gainers!

On Tuesday, the Indian benchmark indices wrapped up the trading session on a lower note.

Tuesday witnessed a bullish trend in Indian benchmark indices, with the Sensex surging by 0.42% and the Nifty rising by 0.45%, closing above 65,900 and 19,700, respectively. However, in the broader market, Nifty Midcap recorded gains of 0.06%, while Nifty Smallcap saw a marginal decline of 0.11%.

In the sectoral landscape, Nifty Metal took the spotlight as the leading gainer, supported by Nifty Realty and Nifty Pharma, while Nifty PSU Bank, Nifty IT, and Nifty FMCG faced losses. Among individual stocks, SBI Life emerged as the top gainer with a surge of over 2.5%, followed by HDFC Life and Adani Enterprises. On the flip side, Coal India, ONGC, and BPCL found themselves among the top losers within the Nifty 50.

In the broader market scene, positive performances were noted, with Oberoi Realty Ltd, Ashok Leyland, SJVN, and KEI Industries recording substantial gains. Conversely, KPIT Technologies, Mankind Pharma, BSE, and Suzlon Energy Ltd faced declines.

Oil futures surged by over 2% on Monday, extending their gains on the possibility of OPEC+ implementing deeper supply cuts to stabilize prices. This comes after four weeks of declining prices due to concerns over demand and disruptions in Middle East supply arising from the Israel-Hamas conflict.

The Brent crude contract for January experienced a significant increase of USD 2.12, equivalent to 2.63%, reaching USD 82.73 per barrel. In the futures market, the Dollar index traded 0.06% lower at 103.52, while the value of one dollar remained close to Rs 83.37.

The broader market sentiment indicates a positive trend, with 1086 advancing stocks compared to 928 declining stocks, signalling an optimistic sentiment in the broader market.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

22 November, 2023: Benchmark indices close higher with Nifty IT among the top gainers!

On Wednesday, the Indian benchmark indices wrapped up the trading session on a positive note.

Wednesday marked a bullish trend in Indian benchmark indices, with the Sensex surging by 0.14%, closing above 66,000, and the Nifty rising by 0.14%, reaching over 19,800. However, in the broader market, Nifty Midcap recorded gains of 0.34%, while Nifty Smallcap saw a decline of 1.21%.

In the sectoral landscape, Nifty IT took the spotlight as the leading gainer, supported by Nifty Auto and Nifty Pharma, while Nifty PSU Bank, Nifty Metal, and Nifty Media faced losses. Among individual stocks, BPCL emerged as the top gainer with a surge of over 3.5%, followed by Cipla and NTPC. On the flip side, Indusind Bank, Hindalco, and Kotak Bank found themselves among the top losers within the Nifty 50.

In the broader market scene, positive performances were noted, with CG Power, Tube Invest of India, Aegis Logistics, and Balrampur Chini Mills recording substantial gains. Conversely, KPIT Technologies, Delhivery, Sonata Software, and Suzlon Energy Ltd faced declines.

Oil prices retreated on Tuesday, reversing the significant gains observed in the previous two sessions, as investors adopted a cautious stance ahead of an upcoming OPEC+ meeting this Sunday. During the meeting, the producer group may deliberate on the prospect of deepening supply cuts in response to the decelerating global economic growth.

The Brent crude contract for January declined by 32 cents, or 0.39%, settling at USD 82 per barrel on Tuesday. In the futures market, the Dollar index traded 0.06 percent lower at 103.69, while the value of one dollar remained close to Rs 83.28.
The broader market sentiment indicates a nuanced trend, with 811 advancing stocks compared to 1227 declining stocks, signalling a pessimistic sentiment in the broader market.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

23 November, 2023 : Benchmark indices close marginally lower with Nifty Realty among the top gainers!

Description: On Thursday, the Indian benchmark indices wrapped up the trading session marginally lower.

Thursday witnessed a subdued trend in Indian benchmark indices, with the Sensex experiencing a marginal decline of 0.01%, closing just below the 66,100 mark, and the Nifty slipping by 0.05%, concluding below 19,900. However, the broader market displayed mixed performance , as Nifty Midcap closed flat, while Nifty Smallcap surged by a notable 0.7%.

In the sectoral landscape, Nifty Realty took center stage as the leading gainer, supported by Nifty Metal and Nifty Media, while Nifty Pharma, Nifty IT, and Nifty PSU Bank faced losses. Individual stock performances featured Hero Motocorp as the top gainer, with an impressive surge of over 4.5%, followed by Bajaj Auto and BPCL. On the contrary, Cipla, Ultra Tech Cement, and LTI Mindtree found themselves among the top losers within the Nifty 50.

In the broader market scene, positive performances were noted, with Hindustan Petroleum, Aditya Birla Fashion, Praj Industries, and Suzlon Energy recording substantial gains. Conversely, Tube Invest of India, Persistent Systems, J B Chemicals and Pharma, and Century Textiles Ltd faced declines.

Wednesday saw a significant decline in U.S. crude prices, as the Organization of the Petroleum Exporting Countries (OPEC) postponed a crucial meeting on production cuts originally scheduled for the weekend. The West Texas Intermediate contract for January dropped by USD 3.87, or 4.98%, closing at USD 73.90 per barrel. Concurrently, the Brent contract for January fell by USD 3.85, or 4.67%, settling at USD 78.60 per barrel. OPEC’s announcement indicated a delay in the meeting of energy ministers until the following Thursday.

The broader market sentiment reveals a nuanced trend, with 1092 advancing stocks compared to 927 declining stocks, signalling an optimistic sentiment in the broader market.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

Closing bell: Benchmark indices close higher with Nifty Energy among the top gainers!

On Tuesday, November 28th, 2023, the Indian benchmark indices wrapped up the trading session marginally lower.

Tuesday marked a positive trajectory for Indian benchmark indices, with the Sensex witnessing a robust surge of 0.31%, crossing the 66,100 threshold, and the Nifty advancing by 0.48%, closing above 19,800. The broader market mirrored this optimism, with Nifty Midcap gaining 0.54%, and Nifty Smallcap showing a notable 0.3% uptick.

Within the sectoral landscape, Nifty Energy emerged as the standout performer, bolstered by Nifty Metal and Nifty PSU Bank, while Nifty Pharma and Nifty FMCG faced setbacks. Adani Enterprises took the spotlight as the top gainer among individual stocks, experiencing an impressive surge of over 8%, followed by Adani Ports and Tata Motors. Conversely, Apollo Hospitals, Eicher Motors, and ITC were among the top losers in the Nifty 50.

In the broader market scenario, positive performances were observed, with Adani Power, Hindustan Petroleum, BSE, and MCX registering substantial gains. On the flip side, JSW Energy, Lodha, Raymond, and Suzlon Energy Ltd witnessed declines.

Oil prices retreated on Monday as investors awaited an imminent OPEC+ meeting scheduled for later in the week, anticipating an agreement to constrain supplies through 2024. Brent crude futures declined by 40 cents, or 0.5%, settling at USD 80.13 per barrel, while US West Texas Intermediate crude futures stood at USD 75.16 per barrel, marking a decrease of 34 cents, or 0.45%.

Both contracts experienced a modest increase last week, representing their first weekly gain in five, driven by expectations of potential extensions of voluntary supply cuts by Saudi Arabia and Russia into early 2024, and discussions within OPEC+ about additional output reduction plans. The Dollar index exhibited a 0.06% decrease in futures, settling at 103.32, while the value of one dollar remained close to Rs 83.09.

The broader market sentiment depicts a nuanced trend, with 1022 advancing stocks compared to 1022 declining stocks, signalling a neutral sentiment in the broader market.


Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.