Stock Market : Closing Bell

Frontline indices closed on a negative note, while Broader indices outperformed!

On Monday, the Indian benchmark indices closed the trading day on a lower note, while broader indices outperformed.

Major Indices Performance:
On Monday, Indian markets concluded on a negative note as Benchmark indices experienced moderate declines, while the Broader indices closed on a higher note. The Sensex moderately plunged by 0.24%, closing at 71,315.10, while the Nifty also plummeted by 0.18%, closing at 21,418.65. Notably, Nifty Bank also experienced moderate declines of 0.57%, closing at 47,867.70. Whereas in the broader market, Nifty Midcap marginally surged by 0.22%, while Nifty Smallcap experienced a substantial gain of 0.56%.

Sectoral Performance:
In the sectoral landscape, Nifty Media emerged as the top performer, supported by Nifty Pharma, Nifty Metal, and Nifty Auto, while Nifty Realty, Nifty PSU Bank, Nifty Bank and Nifty Financial Services were among the major underperforming sectors.

Top Gainers and Losers:
Among the Nifty 50, Bajaj Auto stood out as the leading gainer with an impressive surge of over 3%, followed by Hindalco, Adani Ports, and Sun Pharma. Conversely, Power Grid, ICICI Bank, ITC, and JSW Steel found themselves among the top losers.

Broader Markets:
In the broader markets, which include the Nifty Midcap and Nifty Smallcap, Bharat Dynamics, Yes Bank, Tata Teleservices (Maharashtra), and Deepak Fertilizers and Petrochemicals Corp registered substantial gains, standing among the top gainers. On the flip side, Union Bank, Godrej Properties, SJVN, and Radico Khaitan have witnessed major declines, ranking among the top losers.

Adani Group Secures Majority Stake in News Agency IANS
Adani Group has acquired a majority stake of 50.50% in news agency IANS India Pvt Ltd for an undisclosed amount, as part of its media sector expansion. Adani Enterprises’ subsidiary, AMG Media Networks Ltd, completed the acquisition, following its entry into the media business last year with Quintillion Business Media and a subsequent 65% stake in NDTV.

Oil Prices:
In early Asian trading on Monday, oil prices experienced an almost 1% increase, buoyed by diminished exports from Russia and concerns over potential disruptions in oil supply due to attacks by the Houthis on ships in the Red Sea.

Brent crude futures rose by 69 cents, or 0.9%, reaching $77.24 a barrel, while US West Texas Intermediate crude stood at $72.08 a barrel, reflecting a 65-cent, or 0.9%, increase.

NSE Advance/Decline Ratio:
The broader market sentiment presents a nuanced trend, with 1099 advancing stocks compared to 945 declining stocks, signaling 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.

Frontline indices closed on a positive note, after reaching their all-time high levels!

On Tuesday, the Indian benchmark indices closed the trading day on a positive note after reaching their new all-time highs, whereas broader indices underperformed.

Major Indices Performance:
On Tuesday, Indian markets concluded on a positive note as Benchmark indices experienced moderate gains, making new all-time highs, whereas the Broader indices underperformed. The Sensex moderately surged by 0.17%, and made a new all-time high of 71,623.71, while the Nifty also gained moderately by 0.16%, after it reached its all-time high of 21,505.05. Notably, Nifty Bank also experienced marginal increase of 0.1%, closing at 47,870.90. Whereas in broader market, Nifty Midcap moderately declined by 0.28%, while Nifty Smallcap experienced a marginal decline of 0.12%.

Sectoral Performance:
In the sectoral landscape, Nifty Energy emerged as the top performer, supported by Nifty FMCG, Nifty PSU Bank and Nifty Pharma, while Nifty IT, Nifty Auto, Nifty Media and Nifty Metal were among the major underperforming sectors.

Top Gainers and Losers:
Among the Nifty 50, Coal India stood out as the leading gainer with an impressive surge of over 5%, followed by Nestle India, NTPC, and Tata Consumer Product. Conversely, Adani Ports, Hero Motocorp, SBI Life, and Wipro found themselves among the top losers.

Broader Markets:
In the broader markets, which include the Nifty Midcap and Nifty Smallcap, IRFC, Oil India, Hindustan Copper and Indian Overseas Bank registered substantial gains, standing among the top gainers. On the flip side, Steel Authority of India, Zee Entertainment, Tata Teleservices (Maharashtra) and National Aluminium have witnessed major declines, ranking among the top losers.

Net direct tax collections for FY24 surged by nearly 21% to reach Rs 13.70 lakh crore:
India’s provisional data from the Ministry of Finance indicates that net direct tax collections from April 1 to December 17 (FY23-24) increased by 20.7% year-on-year.
Breaking down the overall direct tax collections, corporate tax collection reached Rs 6.95 lakh crore, while personal income tax and securities transaction tax combined amounted to Rs 6.73 lakh crore.

Before accounting for refunds, gross direct tax collections for April 1 to December 17 totalled Rs 15.96 lakh crore, marking a 17% increase year-on-year. During the same period, gross corporate tax collections were Rs 7.90 lakh crore, and gross personal income tax and securities transaction tax amounted to Rs 8.03 lakh crore, as reported by the ministry on December 18.

Nestle India to consider January 5 as record date for Stock split:
Nestle India has set January 5 as the record date for its previously announced stock split. In October, the board of the FMCG giant approved a stock split at a ratio of 1:10.

Oil Prices:
On Monday, oil prices surged by almost 2% as concerns grew over potential disruptions to maritime trade and increased supply costs following an attack by the Iran-aligned Yemeni Houthi militant group on ships in the Red Sea.
A Norwegian-owned vessel was targeted in the Red Sea, prompting major oil company BP to temporarily halt all transit through the region. Other shipping companies also announced their decision to avoid the route over the weekend.
Brent crude futures concluded with a gain of $1.40, or 1.8%, reaching $77.95 per barrel, while U.S. West Texas Intermediate crude rose by $1.04, or 1.5%, settling at $72.47. Both benchmarks had experienced an earlier increase of nearly $3 in the session.

NSE Advance/Decline Ratio:
The broader market sentiment presents a nuanced trend, with 963 advancing stocks compared to 1084 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.

20th December, 2023: Frontline indices closed on a negative note with Nifty Media among the top losers!

On Wednesday, the Indian benchmark indices closed the trading day on a negative note after reaching their new all-time highs, whereas the broader indices also significantly underperformed.

Major Indices Performance:
On Wednesday, Indian markets concluded on a negative note as Benchmark indices experienced major declines, after making new all-time highs, whereas the Broader indices also significantly underperformed. The Sensex plunged by 1.3%, and closed at 70,506.31, while the Nifty also plummeted by 1.41%, closing at 21,150.15. Notably, Nifty Bank experienced a major decline of 0.89%, closing at 47,445.30. Whereas in broader market, Nifty Midcap substantially declined by 3.27%, while Nifty Smallcap experienced a major decline of 3.63%.

Sectoral Performance:
In the sectoral landscape, none of the major sectors were trading positive, while Nifty Media, Nifty PSU Bank, Nifty Metal and Nifty Energy were among the major underperforming sectors.

Top Gainers and Losers:
Among the Nifty 50, ONGC stood out as the leading gainer with an impressive surge of over 1%, followed by Tata Consumer Product, Britannia, and HDFC Bank. Conversely, Adani Ports, Adani Enterprises, UPL, and Tata Steel found themselves among the top losers.

Broader Markets:
In the broader markets, which include the Nifty Midcap and Nifty Smallcap, Oil India, AU Small Finance Bank, Radico Khaitan and Kalyan Jewellers registered substantial gains, standing among the top gainers. On the flip side, Indus Towers, Piramal Enterprises, Indian Overseas Bank and UCO Bank have witnessed major declines, ranking among the top losers.

BSE to levy additional exposure margin on derivatives:
On Tuesday, the BSE (Bombay Stock Exchange) announced that its subsidiary, Indian Clearing Corporation, will introduce an extra exposure margin of 15% on securities falling under the market-wide position limit (MWPL). This decision comes against the backdrop of Indian benchmarks reaching new record highs this month, fuelled by heightened retail participation in the derivatives segment.

The additional exposure margin will be enforced starting January 1 and will be applicable to derivatives where the top 10 clients of brokerages contribute to over 20% of the MWPL.

Oil Prices:
On Wednesday, oil prices surged by over a dollar per barrel, building upon the gains from the preceding session. This uptick followed attacks by Yemen’s Iran-aligned Houthi militants on ships in the Red Sea, causing disruptions in maritime trade and compelling several companies to reroute vessels.

Brent crude futures experienced a rise of $1.28, equivalent to 1.6%, settling at $79.23 per barrel, marking the highest level since December 1. Concurrently, US West Texas Intermediate crude futures for January delivery, which expired after Tuesday’s settlement, increased by 97 cents, or 1.3%, concluding at $73.44 per barrel, also reaching the highest point in over two weeks.

NSE Advance/Decline Ratio:
The broader market sentiment presents a nuanced trend, with 194 advancing stocks compared to 1870 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.

Frontline indices closed on a positive note with Nifty Media among the top gainers!

On Thursday, the Indian benchmark indices concluded the trading day on a positive note, while the broader indices outperformed, erasing most of the previous day’s losses.

Major Indices Performance:
On Thursday, Indian markets concluded on a positive note as Benchmark indices experienced moderate gains, while the Broader indices outperformed erasing most of the previous day’s losses. The Sensex surged by 0.51%, and closed at 70,865.10, while the Nifty also gained by 0.5%, closing at 21,255.05. Notably, Nifty Bank experienced a substantial gain of 0.83%, closing at 47,840.15. Whereas in the broader market, Nifty Midcap substantially gained by 1.69%, while Nifty Smallcap soared by 1.94%.

Sectoral Performance:
Within the sectoral landscape, Nifty Media took the lead with gains exceeding 2.49%, followed by Nifty Energy, Nifty PSU Bank, and Nifty Metal. Notably, no major sectors exhibited underperformance during this period.

Top Gainers and Losers:
Among the Nifty 50, BPCL stood out as the leading gainer with an impressive surge of over 2%, followed by Power Grid, Britannia, and HDFC Bank. Conversely, Bajaj Auto, Bajaj Finance, Axis Bank, and HCL Technologies found themselves among the top losers.

Broader Markets:
In the broader markets, which include the Nifty Midcap and Nifty Smallcap, IRFC, Sona BLW Precision Forgings Ltd, Hindustan Copper and Zensar Technologies registered substantial gains, standing among the top gainers. On the flip side, Prestige Estates, Indian Bank, City Union Bank and IIFL Finance have witnessed major declines, ranking among the top losers.

RBI Model pegs India’s FY25 GDP growth at 6.0% vs official view of 6.5%:
A statistical model crafted by the Reserve Bank of India (RBI) indicates a GDP growth rate of 6.0% for India in the fiscal year 2024-25. This projection is 50 basis points lower than the central bank’s official forecast of 6.5%, as mentioned in the October edition of its Monetary Policy Report.

Oil Prices:
Oil prices concluded marginally higher after a volatile trading session on Wednesday, with concerns arising over potential global trade disruption and Middle East tensions following attacks on ships by Yemen’s Iran-aligned Houthi forces in the Red Sea.
However, the price gains were constrained by an unexpected increase in US crude inventories, larger-than-anticipated gains in fuel stocks, and record domestic oil production.

Brent crude futures settled with an increase of 47 cents, equivalent to 0.6%, reaching $79.70 per barrel, while US West Texas Intermediate crude settled higher by 28 cents, or 0.4%, closing at $74.22 per barrel.

NSE Advance/Decline Ratio:
The broader market sentiment presents a nuanced trend, with 1622 advancing stocks compared to 432 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: 22nd December, 2023

Frontline indices closed on a positive note with Nifty Realty among the top gainers!

On Friday, the Indian benchmark indices concluded the trading day on a positive note, while the broader indices outperformed, continuing previous day’s momentum.

Major Indices Performance:
On Friday, Indian markets concluded on a positive note as Benchmark indices experienced moderate gains, while the Broader indices outperformed continuing previous day’s momentum. The Sensex surged by 0.34%, and closed at 71,106.96, while the Nifty also gained by 0.44%, closing at 21,349.40. Whereas Nifty Bank experienced a substantial decline of 0.73%, closing at 47,491.85. Similarly in the broader market, Nifty Midcap substantially surged by 0.73%, while Nifty Smallcap soared by 1.08%.

Sectoral Performance:
Within the sectoral landscape, Nifty Realty took the lead with gains exceeding 2.5%, followed by Nifty IT, Nifty Metal, and Nifty Auto. Notably, Nifty Bank, Nifty PSU Bank and Nifty Financial Services were among the top losers.

Top Gainers and Losers:
Among the Nifty 50, Wipro stood out as the leading gainer with an impressive surge of over 6.5%, followed by HCL Technologies, Hindalco, and Tata Motors. Conversely, Grasim, SBI, ICICI Bank, and Bajaj Finance found themselves among the top losers.

Broader Markets:
In the broader markets, which include the Nifty Midcap and Nifty Smallcap, Gujarat Fluorochemicals, Patanjali Foods, Piramal Pharma and JB Chemicals and Pharma registered substantial gains, standing among the top gainers. On the flip side, Polycab India, Auro Pharma, IIFL Finance and Medplus Health Services have witnessed major declines, ranking among the top losers.

RBI Initiates 7-Day Variable Rate Repo Auction on December 22 to Address Liquidity Deficit

The Reserve Bank of India (RBI) declared on December 21 that it would conduct a seven-day variable rate repo auction, aiming for a specified amount of Rs 1.75 lakh crore on December 22. This decision comes in response to a significant liquidity deficit of around Rs 2.27 lakh crore in the banking system.

The central bank, considering prevailing and evolving liquidity conditions, has scheduled this repo auction, to occur from 10:30 am to 11:00 am. The funds’ reversal is set to take place on December 29.

Oil Prices:
On December 21, oil prices declined by approximately $1 per barrel following Angola’s announcement that it would withdraw from the Organization of the Petroleum Exporting Countries (OPEC). This decision has raised uncertainties about the effectiveness of the producer group’s endeavours to bolster prices by restricting global supplies.
Brent futures dropped by 94 cents, or 1.18%, settling at $78.76 per barrel. Simultaneously, US West Texas Intermediate crude experienced a decrease of 96 cents, or 1.29%, closing at $73.26.

NSE Advance/Decline Ratio:
The broader market sentiment presents a nuanced trend, with 1384 advancing stocks compared to 654 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.

Frontline indices closed on a positive note with Nifty Energy among the top gainers!

On Tuesday, the Indian benchmark indices initiated the trading week on a positive note, while the broader indices continued previous week’s momentum.

Major Indices Performance:
On Tuesday, Indian markets concluded on a positive note as Benchmark indices experienced moderate gains, while the Broader indices also closed in green. The Sensex surged by 0.32%, and closed at 71,336.80, while the Nifty also gained by 0.43%, closing at 21,441.35. Whereas Nifty Bank experienced a moderate gain of 0.49%, closing at 47,724.85. Similarly in the broader market, Nifty Midcap substantially surged by 0.66%, while Nifty Smallcap marginally surged by 0.14%.

Sectoral Performance:
Within the sectoral landscape, Nifty Energy took the lead with gains exceeding 1%, followed by Nifty Metal, Nifty Pharma, and Nifty Auto. Notably, Nifty Media, Nifty IT and Nifty PSU Bank were among the top losers.

Top Gainers and Losers:
Among the Nifty 50, Divi’s Laboratories stood out as the leading gainer with an impressive surge of over 4.5%, followed by Hero Motocorp, NTPC, and Adani Enterprises. Conversely, Bajaj Finance, Bajaj Finserv, Infosys, and TCS found themselves among the top losers.

Broader Markets:
In the broader markets, which include the Nifty Midcap and Nifty Smallcap, Bharat Dynamics, Mazagon Dock Shipbuilders, NLC India and Balaji Amines registered substantial gains, standing among the top gainers. On the flip side, Bank of India, Sun TV Network, RBL Bank and Manappuram Finance have witnessed major declines, ranking among the top losers.

India’s forex reserves jump by $9.112 billion to $615.971 billion:
India’s foreign exchange reserves surged by $9.112 billion to reach $615.971 billion in the week ending December 15, marking one of the highest weekly increases, according to data from the Reserve Bank of India (RBI). In the preceding week, the total reserves had risen by $2.816 billion to $606.859 billion. The country’s forex reserves hit an all-time high of $645 billion in October 2021. The increase in reserves for the week ending December 15 was primarily attributed to a rise of $8.349 billion in foreign currency assets, a significant component of the reserves, reaching $545.048 billion, as per the RBI data released on December 22.

Oil Prices:
Oil prices showed minimal movement on Tuesday as investors directed their attention to geopolitical tensions in the Middle East and expressed optimism about the imminent initiation of interest rate cuts by the U.S. Federal Reserve. This sentiment was driven by expectations that such actions would boost global economic growth and, consequently, demand for fuel.

Brent crude futures declined by 26 cents, or 0.3%, reaching $79.13 a barrel, while U.S. West Texas Intermediate crude was priced at $73.59 a barrel, indicating a marginal increase of 3 cents.

NSE Advance/Decline Ratio:
The broader market sentiment presents a nuanced trend, with 1232 advancing stocks compared to 830 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.

Frontline indices close on a positive note after making new all-time highs!

On Wednesday, the Indian benchmark indices soared and reached new all-time highs, while broader indices also closed on a positive note, continuing previous day’s momentum.

Major Indices Performance:
On Wednesday, Indian markets concluded on a positive note and reached their new all-time highs as Benchmark indices experienced significant gains, while the Broader indices also experienced moderate gains. The Sensex surged by 0.98%, making a new all-time high of 72,119.85, while the Nifty also gained substantially by 1%, reaching its all-time high of 21,675.75. Similarly, Nifty Bank also experienced significant gains of 1.17%, closing at 48,282.20. Additionally, in the broader market, Nifty Midcap moderately surged by 0.38%, while Nifty Smallcap soared by 0.45%.

Sectoral Performance:
Within the sectoral landscape, Nifty PSU Bank took the lead with gains exceeding 2%, followed by Nifty Auto, Nifty Metal, and Nifty Bank. Notably, Nifty Energy was the only major sector which underperformed.

Top Gainers and Losers:
Among the Nifty 50, Hindalco stood out as the leading gainer with an impressive surge of over 4%, followed by Ultratech Cement, Bajaj Auto, and Tata Motors. Conversely, NTPC, ONGC, Adani Enterprises, and UPL found themselves among the top losers.

Broader Markets:
In the broader markets, which include the Nifty Midcap and Nifty Smallcap, Sona BLW Precision Forgings, Bharat Dynamics, Housing & Urban Development Corporation and Amara Raja Energy & Mobility registered substantial gains, standing among the top gainers. On the flip side, Cummins India, REC, Data Patterns and HFCL have witnessed major declines, ranking among the top losers.

India’s Current Account Deficit Contracts to $8.3 Billion:
The data released by the Reserve Bank of India (RBI) on December 26 reveals a reduction in India’s current account deficit (CAD) to $8.3 billion during the second quarter of 2023-24. This translates to 1.0% of India’s GDP. The decline in the CAD on a year-on-year basis for July-September 2023 can be attributed to the narrowing of the merchandise trade deficit, decreasing from $78.3 billion in the same period of 2022 to $61.0 billion. In the preceding quarter (April-June 2023), the CAD was $9.2 billion, representing 1.1 percent of the GDP. A noteworthy contrast is observed when compared to July-September 2022, where the deficit was significantly higher at $30.9 billion, accounting for 3.8 percent of the GDP.

Oil Prices:
Oil surged over 2% on Tuesday, reaching its highest level in nearly a month. This rise was fuelled by tensions in the Middle East and investor optimism regarding potential interest rate cuts by the U.S. Federal Reserve, which could stimulate global economic growth and increase fuel demand.
In thin trade due to public holidays in some markets, the rally added to the previous week’s gains of about 3%, following Houthi attacks on ships disrupting global shipping and the ongoing Israel-Hamas conflict. Brent crude futures rose by $1.79, or 2.3%, reaching $80.86 a barrel and hitting $81.23 earlier, the highest since December 1. US West Texas Intermediate crude increased by $1.89, or 2.6%, to $75.45.

Despite concerns about the Middle East and ship rerouting, actual supply has not been impacted yet. Maersk’s announcement on Sunday about the resumption of shipping routes through the Red Sea eased some concerns.

NSE Advance/Decline Ratio:
The broader market sentiment presents a nuanced trend, with 1071 advancing stocks compared to 975 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: 1st January, 2024 | Frontline indices close on a positive note with Nifty Media among the top gainers!

On Monday, the first trading session of 2024, the Indian Frontline indices surged and concluded on a positive note while, the broader indices outperformed.

Major Indices Performance:

On Monday, Indian markets concluded the first trading session of 2024 on a positive note as Frontline indices experienced moderate gains, while the Broader indices experienced substantial gains. The Sensex marginally surged by 0.04%, concluding at 72,271.94, while the Nifty also surged marginally by 0.05%, closing at 21,741.90. Nifty Bank experienced moderate declines of 0.12%, closing at 48,234.30. Additionally, in the broader market, Nifty Midcap surged by 0.63%, while Nifty Smallcap soared by 0.54%.

Sectoral Performance:

Within the sectoral landscape, Nifty Media took the lead with gains exceeding 1.5%, followed by Nifty PSU Bank, Nifty FMCG, and Nifty IT. Notably, Nifty Financial Services, Nifty Auto and Nifty Bank were among the major sectors which underperformed.

Top Gainers and Losers:

Among the Nifty 50, Nestle India stood out as the leading gainer with an impressive surge of over 2.5%, followed by Adani Enterprises, Adani Ports, and Tech Mahindra. Conversely, Eicher Motors, Bharti Airtel, M&M, and Bajaj Auto found themselves among the top losers.

Broader Markets:

In the broader markets, which include the Nifty Midcap and Nifty Smallcap, Vodafone Idea, Yes Bank, JBM Auto and Gujarat Narmada Valley Fertilizers & Chemicals registered substantial gains, standing among the top gainers. On the flip side, Dixon Technologies, Alkem Laboratories, Sonata Software and Birlasoft have witnessed major declines, ranking among the top losers.

Foreign Portfolio Investors (FPIs) infuse Rs 1.7 lakh crore into Indian equity markets in 2023.

In a striking turnaround, foreign portfolio investors (FPIs) injected Rs 1.7 lakh crore into Indian equity markets in 2023, showcasing confidence in the country’s economic resilience amid global challenges.

December alone witnessed a notable Rs 66,134 crore surge in FPI investments, contributing to the substantial inflows throughout the year.

In 2023, FPIs exhibited a keen interest, making a net investment of Rs 1.71 lakh crore in equities and Rs 68,663 crore in debt markets. The combined infusion of Rs 2.4 lakh crore into the capital market underscores the enduring appeal of the Indian investment landscape for foreign investors.

Oil Prices:

Closing the year with a more than 10% dip, US crude oil faces bearish sentiment driven by concerns of oversupply from record production outside OPEC.

On Friday, the West Texas Intermediate contract for February edged down by 12 cents (0.17%), settling at $71.65 per barrel, while the Brent contract for March experienced an 11-cent loss (0.14%), closing at $77.04. Despite ongoing geopolitical risks in the Middle East, attributed to the devastating war in Gaza, both US crude and the global benchmark marked their first annual decline since 2020. WTI concluded the year with a 10.73% decrease, and Brent faced a 10.32% loss.

Earlier in the week, oil prices had briefly risen nearly 3% due to concerns that militant attacks on shipping in the Red Sea could disrupt global trade and crude supplies. However, the overarching focus among traders remains on the delicate balance between supply and demand, overshadowing intermittent spikes driven by Middle East tensions.

NSE Advance/Decline Ratio:

The broader market sentiment presents a nuanced trend, with 1399 advancing stocks compared to 664 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: 02nd January, 2024 | Frontline indices close on a negative note with Nifty Pharma among the top gainers!

Major Indices Performance:
On Tuesday, Indian markets concluded the trading session on a negative note as Frontline indices experienced substantial declines, while the Broader indices experienced moderate losses. The Sensex substantially declined by 0.53%, concluding at 72,892.48, while the Nifty also plunged by 0.35%, closing at 21,665.80. Similarly, Nifty Bank experienced significant declines of 0.98%, closing at 47,761.65. Additionally, in the broader market, Nifty Midcap moderately declined by 0.18%, while Nifty Smallcap plunged by 0.24%.

Sectoral Performance:
Within the sectoral landscape, Nifty Pharma took the lead with gains exceeding 2%, followed by Nifty Media, Nifty Energy, and Nifty Metal. Notably, Nifty Auto, Nifty IT, Nifty Realty and Nifty Bank were among the major sectors which underperformed.

Top Gainers and Losers:
Among the Nifty 50, Adani Ports stood out as the leading gainer with an impressive surge of over 2.5%, followed by Divi’s Laboratories, Sun Pharma, and Coal India. Conversely, Eicher Motors, M&M, Ultratech Cement and L&T found themselves among the top losers.

Broader Markets:
In the broader markets, which include the Nifty Midcap and Nifty Smallcap, Aditya Birla Fashion and Retail, Mankind Pharma, JBM Auto and Glenmark Pharmaceuticals registered substantial gains, standing among the top gainers. On the flip side, Vodafone Idea, Lodha, NLC India and Balaji Amines have witnessed major declines, ranking among the top losers.

Car sales surpass the 40-lakh milestone in 2023:
Car sales surpass the 40-lakh milestone in 2023, registering a 4.4% increase in the typically slow month of December. Despite it being a period when Original Equipment Makers (OEMs) typically engage in inventory clearances and dispatch limited units to dealers, the Passenger Vehicle (PV) industry experienced a YoY rise to 2,87,904 units, in comparison to PV dispatches in December 2022 which amounted to 2,75,653 units.

The cumulative sales from April to December in the fiscal year witnessed a notable increase of 7.6%, reaching 30,90,026 units, compared to 28,71,695 units a year earlier. Throughout the calendar year 2023, the total units sold reached 41,08,000, marking an 8.3% growth from the 37,92,000 units in 2022. Industry observers highlight that, for the first time, the domestic PV market achieved sales exceeding the 40-lakh mark in a calendar year.

Oil Prices:
Closing the year with a notable decline of more than 10%, US crude oil succumbed to bearish sentiment, fuelled by concerns of oversupply from record production outside OPEC. The West Texas Intermediate contract for February witnessed a loss of 12 cents (0.17%), settling at $71.65 per barrel on Friday, while the Brent contract for March dipped by 11 cents (0.14%), settling at $77.04.

Despite enduring geopolitical risks, notably the devastating war in Gaza, both US crude and the global benchmark, Brent, registered their first annual decline since 2020. WTI concluded the year with a 10.73% decrease, and Brent faced a 10.32% loss.

On Tuesday, oil prices experienced a brief uptick of nearly 3% amid concerns that militant attacks on shipping in the Red Sea could disrupt global trade and crude supplies. However, the prevailing focus among traders remains on the delicate balance between supply and demand in the oil market.

NSE Advance/Decline Ratio:
The broader market sentiment presents a nuanced trend, with 931 advancing stocks compared to 1124 declining stocks, signalling a pessimistic sentiment in the broader market.

Disclaimer: This blog 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: Frontline indices close on a lower note with Nifty Realty among the top gainers | 3rd January, 2024

On Wednesday, the Indian Frontline indices plummeted and concluded on a negative note while, the broader indices outperformed.

Major Indices Performance:
On Wednesday, Indian markets concluded the trading session on a negative note as Frontline indices experienced substantial declines, while the Broader indices experienced moderate gains.

The Sensex substantially declined by 0.75%, concluding at 71,356.60, while the Nifty also plunged by 0.69%, closing at 21,517.35. Similarly, Nifty Bank experienced moderate declines of 0.12%, closing at 47,704.95. Additionally, in the broader market, Nifty Midcap marginally surged by 0.3%, while Nifty Smallcap marginally declined by 0.01%.

Sectoral Performance:
Within the sectoral landscape, Nifty Realty took the lead with gains exceeding 1%, followed by Nifty PSU Bank, Nifty Pharma, and Nifty Media. Notably, Nifty IT, Nifty Metal, Nifty Financial Services and Nifty Bank were among the major sectors which underperformed.

Top Gainers and Losers:
Among the Nifty 50, Bajaj Auto stood out as the leading gainer with an impressive surge of over 4.5%, followed by Adani Enterprises, Indusind Bank, and Adani Ports. Conversely, Hindalco, JSW Steel, Tata Steel and LTIMindtree found themselves among the top losers.

Broader Markets:
In the broader markets, which include the Nifty Midcap and Nifty Smallcap, Biocon, Adani Power, NBCC (India) and JB Chemical and Pharma registered substantial gains, standing among the top gainers. On the flip side, Bharat Heavy Electricals, Mphasis, National Aluminium and NLC India have witnessed major declines, ranking among the top losers.

UPI Transactions Skyrocket, Surpassing 100 billion in 2023:
In a significant milestone, transactions facilitated through the unified payments interface (UPI) platform surged past the 100-billion mark in the calendar year 2023, reaching approximately 118 billion, as reported by the National Payments Corporation of India (NPCI).

This reflects a remarkable 60 per cent growth compared to the 74 billion UPI transactions recorded in 2022. Notably, in August 2023, UPI achieved the unprecedented feat of exceeding 10 billion transactions in a single month, maintaining this momentum in the subsequent months. December witnessed UPI recording an impressive 12 billion transactions with a cumulative value of Rs 18.23 lakh crore.
The total value of UPI transactions in 2023 reached around Rs 182 lakh crore, indicating a substantial 44 per cent increase compared to the Rs 126 lakh crore recorded in 2022.

Oil Prices:
On Tuesday, oil prices exhibited volatility as Iran deployed a warship to the Red Sea, intensifying the already tense situation in the crucial waterway for global shipments, which has witnessed attacks by Yemen’s Houthi rebels.

In the trading session, the West Texas Intermediate contract for February saw a marginal gain of 1 cent (0.01%), reaching $71.66 per barrel. Meanwhile, the Brent contract for March experienced a slightly larger increase of 14 cents (0.18%), trading at $77.18.

Earlier in the session, crude prices had surged more than 2%. Iran’s announcement on Monday regarding the dispatch of the Alborz destroyer through the strategic Bab al-Mandeb Strait added to the geopolitical tensions. While details of the warship’s mission were not provided, Iran’s state media reported that such operations are periodically conducted in the Red Sea to secure shipping routes.

This development followed the US Navy’s destruction of three boats belonging to Iran-backed Houthi rebels, resulting in the death of 10 militants, as reported by AP. The Navy’s actions were in response to a distress call from the Singapore-flagged vessel Maersk Hangzhou, which had come under Houthi fire, according to the US Central Command’s statement.

NSE Advance/Decline Ratio:
The broader market sentiment presents a nuanced trend, with 1097 advancing stocks compared to 965 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: Frontline indices close on a positive note with Nifty Realty among the top gainers | 4th January, 2024

On Thursday, the Indian Frontline indices surged and concluded on a positive note while, the broader indices substantially outperformed.

Major Indices Performance:
On Thursday, Indian markets concluded the trading session on a positive note as Frontline indices experienced substantial gains, while the Broader indices also experienced significant gains, outperforming the frontline indices. The Sensex substantially surged by 0.69%, concluding at 71,847.57, while the Nifty also soared by 0.66%, closing at 21,658.60. Similarly, Nifty Bank experienced substantial gain of 1.03%, closing at 48,195.85. Additionally, in the broader market, Nifty Midcap significantly surged by 1.68%, while Nifty Smallcap substantially gained by 0.99%.

Sectoral Performance:
Within the sectoral landscape, Nifty Realty took the lead with gains exceeding 6.5%, followed by Nifty Financial Services, Nifty Energy, and Nifty Bank, while there were no major sectors which underperformed.

Top Gainers and Losers:
Among the Nifty 50, Bajaj Finance stood out as the leading gainer with an impressive surge of over 4%, followed by Tata Consumer Product, NTPC, and ONGC. Conversely, BPCL, LTIMindtree, Dr Reddy’s Laboratories and HCL Technologies found themselves among the top losers.

Broader Markets:
In the broader markets, which include the Nifty Midcap and Nifty Smallcap, Lodha, Godrej Properties, Century Textiles and Hindustan Copper registered substantial gains, standing among the top gainers. On the flip side, Mankind Pharma, Gland Pharma, PVR Inox and JB Chemical and Pharmaceuticals have witnessed major declines, ranking among the top losers.

Jio Financial-BlackRock and Abira Securities Seek SEBI Approval for Mutual Fund Launch:
Jio Financial Services Ltd and BlackRock Financial Management have jointly applied for an in-principal approval from the Securities and Exchange Board of India (SEBI) to establish a mutual fund business in India. The application, submitted on October 19, 2023, is currently under SEBI’s consideration, as indicated by the latest list of mutual fund applications updated on December 31, 2023. Additionally, Abira Securities, a Kolkata-based stockbroking house, has refiled for a mutual fund license after an initial application in April 2022.

Oil Prices:
Oil prices experienced an increase on Wednesday following reports of a disruption to Libya’s primary oilfield, adding to supply concerns amid tensions in the Red Sea. Brent crude saw a rise of 93 cents, or 1.23%, reaching $76.82 per barrel. Meanwhile, US West Texas Intermediate crude futures gained 81 cents, or 1.15%, trading at $71.15 per barrel.

Protests in Libya have led to a partial reduction in production at the Sharara oilfield, which produces 300,000 barrels per day. Earlier in the week, oil prices had surged by approximately $2 following attacks on vessels in the Red Sea by Houthi rebels over the weekend and the reported arrival of an Iranian warship on Monday. Concerns loom over the potential closure of crucial waterways for oil transportation and disruptions to trade flows in the event of a wider conflict.

However, the market experienced a decline in the previous session as optimism waned regarding early and aggressive U.S. interest rate cuts, ahead of the release of Federal Reserve meeting minutes and jobs data.

NSE Advance/Decline Ratio:
The broader market sentiment presents a nuanced trend, with 1342 advancing stocks compared to 722 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: Frontline indices close on a positive note with Nifty IT among the top gainers | 5th January, 2024

On Friday, the Indian Frontline indices surged and concluded on a positive note while the broader indices substantially outperformed.

Major Indices Performance:
On Friday, Indian markets concluded the trading session on a positive note as Frontline indices experienced moderate gains, while the Broader indices also experienced significant gains, outperforming the frontline indices. The Sensex moderately surged by 0.25%, concluding at 72,026.15, while the Nifty also soared by 0.24%, closing at 21,710.80. Similarly, Nifty Bank experienced a marginal decline of 0.08%, closing at 48,159. Additionally, in the broader market, Nifty Midcap moderately surged by 0.18%, while Nifty Smallcap substantially gained by 0.65%.

Sectoral Performance:
Within the sectoral landscape, Nifty IT took the lead with gains exceeding 1%, followed by Nifty Auto, Nifty Realty, and Nifty Media, while Nifty PSU Bank, Nifty Pharma, Nifty Metal and Nifty Bank were among the top losers.

Top Gainers and Losers:
Among the Nifty 50, Adani Ports stood out as the leading gainer with an impressive surge of over 2.5%, followed by TCS, L&T, and SBI Life. Conversely, Nestle India, Britannia, UPL, and Sun Pharma found themselves among the top losers.

Broader Markets:
In the broader markets, which include the Nifty Midcap and Nifty Smallcap, Motherson Sumi Wiring India, Tube Invest of India, and CreditAccess Grameen registered substantial gains, standing among the top gainers. On the flip side, Gujarat Fluorochemicals, Aditya Birla Fashion and Retail, Gujarat Narmada Valley Fertilizers & Chemicals, and Chambal Fertilisers & Chemicals have witnessed major declines, ranking among the top losers.

Vodafone Idea receives Rs 10.76 crore penalty order under GST Act, seeks rectification:
Vodafone Idea Limited (VIL) disclosed on January 4 that it received an order under the Central Goods and Services Tax Act, 2017, imposing a penalty of Rs 10.76 crore. The telecom company, in compliance with SEBI Listing Regulations, expressed its disagreement with the order and stated its intention to take appropriate action for rectification or reversal. The penalty pertains to the alleged improper transfer of CENVAT credit to the GST regime, as per the order received on January 3, 2024.

Oil Prices:
On Thursday, oil prices retreated by 2%, reversing an earlier surge, driven by substantial weekly builds in gasoline and distillate stocks that overshadowed a larger-than-anticipated drawdown in crude stocks. Brent crude declined by $1.57, or 2%, settling at $79.01 per barrel, following an initial increase of over $1.

Similarly, US West Texas Intermediate crude futures dropped $1.47, or 2%, reaching $73.57. The decline was influenced by diminished fuel demand and significant inventory expansions reported by the US Energy Information Administration, particularly a 10.9 million-barrel rise in gasoline stocks, marking the highest week-on-week increase in over three decades.

NSE Advance/Decline Ratio:
The broader market sentiment presents a nuanced trend, with 1051 advancing stocks compared to 1008 declining stocks, signalling a slightly 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: Frontline indices close on a negative note with Nifty PSU Bank among the top losers | 8th January, 2024

On Monday, the Indian Frontline indices started the trading week on a negative note, while the broader indices also significantly underperformed.

Major Indices Performance:
On Monday, the Indian Frontline indices started the trading week on a negative note, while the broader indices also significantly underperformed. The Sensex plummeted by 0.93%, concluding at 71,355.22, while the Nifty also plunged by 0.91%, closing at 21,513. Similarly, Nifty Bank experienced major decline of 1.47%, closing at 47,450.25. Additionally, in the broader market, Nifty Midcap substantially declined by 1.06%, while Nifty Smallcap moderately declined by 0.62%.

Sectoral Performance:
Within the sectoral landscape, Nifty Realty took the lead with marginal gains, followed by Nifty Media, while Nifty PSU Bank, Nifty FMCG, Nifty Metal and Nifty Bank were among the top losers.

Top Gainers and Losers:
Among the Nifty 50, Adani Ports stood out as the leading gainer with an impressive surge of over 1%, followed by HCL Technologies, ONGC, and NTPC. Conversely, UPL, SBI, SBI Life and Divi’s Laboratories found themselves among the top losers.

Broader Markets:
In the broader markets, which include the Nifty Midcap and Nifty Smallcap, Macrotech Developers, Hindustan Petroleum, JBM Auto and Century Textiles registered substantial gains, standing among the top gainers. On the flip side, Bandhan Bank, Navin Fluorine International, Hindustan Copper and Cochin Shipyard have witnessed major declines, ranking among the top losers.

Q3 earnings, Red Sea crisis, US & India inflation among factors to watch:
Following a stagnant performance in the previous week, the current trading week is poised to be influenced by crucial factors such as the commencement of Q3 earnings season, inflation data, and stock-specific catalysts.

In the week concluding on January 5, the Nifty experienced a marginal decline of 0.1 percent, closing at 21,710, while the Sensex dipped by 0.3 percent, ending at 72,026. Sector-wise, Nifty Realty (up 7.8%) and Nifty Media (up 3.3%) emerged as the top gainers, while IT (down 1.9%) and Metal (down 1.3%) faced notable losses.
The broader market continued its strong performance for the second consecutive week, with Nifty Midcap 100 recording a gain of 2.5%, and Nifty Smallcap 100 registering a 1.9% increase. Despite this positive trend, investors should remain cautious as the results season unfolds, coupled with lingering uncertainties in the Red Sea.

Oil Prices:
On Friday, oil prices increased as U.S. Secretary of State Antony Blinken geared up for a visit to the Middle East, aiming to prevent the escalation of the Israel-Gaza conflict. Brent crude futures rose by $1.42 (1.83%) to reach $79.01 per barrel, while U.S. West Texas Intermediate crude futures saw a gain of $1.78 (2.47%), reaching $73.97.
In response to the ongoing conflict, Israeli forces are planning a more targeted approach in the north and intensifying efforts to pursue Hamas leaders in the south, as stated by the defence minister on Thursday. As the potential for the conflict to escalate persists, Blinken is scheduled to embark on a week of diplomatic efforts in the Middle East, according to the State Department.

NSE Advance/Decline Ratio:
The broader market sentiment presents a nuanced trend, with 751 advancing stocks compared to 1493 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.

Closing bell: Frontline indices close on a positive note with Nifty Realty among the top gainers | 9th January, 2024

On Tuesday, the Indian Frontline indices closed the trading day on a positive note, while the broader indices outperformed.

Major Indices Performance:
On Tuesday, the Indian Frontline indices closed the trading day on a positive note, while the broader indices outperformed. The Sensex marginally surged by 0.04%, concluding at 71,386.21, while the Nifty also surged by 0.15%, closing at 21,544.85. Similarly, Nifty Bank experienced a moderate decline of 0.44%, closing at 47,242.65. Additionally, in the broader market, Nifty Midcap moderately surged by 0.16%, while Nifty Smallcap moderately surged by 0.44%.

Sectoral Performance:
Within the sectoral landscape, Nifty Realty took the lead with substantial gains of over 2.5%, followed by Nifty Auto, Nifty Pharma and Nifty Metal while Nifty Media, Nifty Financial Services, Nifty Bank and Nifty FMCG were among the top losers.

Top Gainers and Losers:
Among the Nifty 50, Hero Motocorp stood out as the leading gainer with an impressive surge of over 2.5%, followed by Adani Ports, Apollo Hospital, and SBI Life. Conversely, Britannia, Nestle India, Asian Paints, and Bajaj Finserv found themselves among the top losers.

Broader Markets:
In the broader markets, which include the Nifty Midcap and Nifty Smallcap, JSW Energy, FSN E-Commerce Ventures, IRB Infrastructure Developers and NBCC (India) registered substantial gains, standing among the top gainers. On the flip side, Polycab India, Zee Entertainment, Anupam Rasayan India and JK Lakshmi Cement have witnessed major declines, ranking among the top losers.

After JPMorgan, Indian government bonds might find a place in Bloomberg indices in 2024.

In 2024, Indian government bonds could receive further recognition, as Bloomberg suggests their inclusion in its indices commencing September 2024.

According to the proposal, the integration of Indian government bonds will be executed over five months, commencing in September 2024. Each month will witness the addition of 20% of the full-market value of the bonds falling under the Fully Accessible Route (FAR) category, with the process scheduled for completion in January 2025.

Oil Prices:
On Monday, U.S. crude oil experienced a 4% decline following Saudi Arabia’s decision to reduce its prices, reigniting concerns about an oversupplied market coinciding with weakening demand.

The West Texas Intermediate futures contract for February dropped by $3.04, or 4.12%, closing at $70.77 per barrel. Simultaneously, the Brent futures contract for March decreased by $2.64, or 3.35%, settling at $76.12 per barrel. This downward trend ensued after Saudi Aramco significantly slashed the price of Arab Light Crude for Asian customers by $2 per barrel on Sunday.

The Saudi price reduction occurs against the backdrop of sustained market vulnerabilities, primarily attributed to record U.S. crude production and a softening demand in China. In an attempt to restore market equilibrium, OPEC and its allies are implementing a production cut of 2.2 million barrels per day this quarter.

NSE Advance/Decline Ratio:
The broader market sentiment presents a nuanced trend, with 1256 advancing stocks compared to 969 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: Frontline indices close on a positive note with Nifty Media among the top gainers | 10th January, 2024

On Wednesday, the Indian Frontline indices closed the trading day on a positive note, while the broader indices concluded on a mixed note.

Major Indices Performance:
On Wednesday, the Indian Frontline indices closed the trading day on a positive note, while the broader indices closed on a mixed note. The Sensex moderately surged by 0.38%, concluding at 71,657.71, while the Nifty also surged by 0.24%, closing at 21,618.70. Similarly, Nifty Bank experienced moderate gain of 0.25%, closing at 47,360.85. Additionally, in the broader market, Nifty Midcap moderately surged by 0.29%, while Nifty Smallcap marginally declined by 0.15%.

Sectoral Performance:
Within the sectoral landscape, Nifty Media took the lead with substantial gains of over 3%, followed by Nifty Metal, Nifty IT and Nifty Pharma while Nifty FMCG, Nifty PSU Bank and Nifty Realty were among the top losers.

Top Gainers and Losers:
Among the Nifty 50, Cipla stood out as the leading gainer with an impressive surge of over 3%, followed by Adani Enterprises, Reliance, and HCL Technologies. Conversely, ONGC, Divi’s Laboratories, NTPC and BPCL found themselves among the top losers.

Broader Markets:
In the broader markets, which include the Nifty Midcap and Nifty Smallcap, Rail Vikas Nigam, Delhivery, Cochin Shipyard and Tanla Platforms registered substantial gains, standing among the top gainers. On the flip side, Sona BLW Precision Forgings, NMDC, Anupam Rasayan India and Manappuram Finance have witnessed major declines, ranking among the top losers.

Surge in SIP Registrations Hits Record High in December:
In December, an unprecedented 4.032 million individuals enrolled for systematic investment plans (SIPs), propelled by the enduring bull market. This marked a 31% surge compared to November and an impressive 73.5% increase from the previous year.

The Association of Mutual Funds in India (AMFI) reported a consistent monthly addition of 3 million new SIP registrations since July. This has propelled the total SIP registrations for the fiscal year 2023 above the combined figures for fiscal years 2022 and 2023. From April to December 2023, there were 28.5 million new registrations, surpassing the cumulative totals of 25.1 million and 26.6 million for the entire fiscal years 2023 and 2022, respectively.

Oil Prices:
On January 9, oil prices rebounded after a decline in the previous session, with market dynamics balancing Middle East tensions against concerns about demand and increasing OPEC supply. Brent crude futures saw an increase of $1.47, equivalent to 1.93%, settling at $77.59 per barrel. Similarly, US West Texas Intermediate crude futures experienced a gain of $1.47, or 2.08%, settling at $72.24 per barrel.
In response to maritime attacks by Yemeni Houthi militants, significant shipping companies, such as Germany’s Hapag-Lloyd, continue to reroute vessels around the Cape of Good Hope, avoiding the Red Sea.

NSE Advance/Decline Ratio:
The broader market sentiment presents a nuanced trend, with 1194 advancing stocks compared to 1033 declining stocks, signalling a slight 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: Frontline indices close on a positive note with Nifty Energy among the top gainers | 11th January, 2024

On Thursday, the Indian Frontline indices closed the trading day on a positive note, while the broader indices outperformed.

Major Indices Performance:
On Thursday, the Indian Frontline indices closed the trading day on a positive note, while the broader indices outperformed. The Sensex marginally surged by 0.09%, concluding at 71,721.18, while the Nifty also marginally surged by 0.13%, closing at 21,647.20. Similarly, Nifty Bank experienced a minimal gain of 0.16%, closing at 47,438.35. Additionally, in the broader market, Nifty Midcap moderately surged by 0.49%, while Nifty Smallcap moderately gained by 0.15%.

Sectoral Performance:
Within the sectoral landscape, Nifty Energy took the lead with substantial gains of over 1%, followed by Nifty Auto, Nifty PSU Bank and Nifty Bank while Nifty Media, Nifty IT, Nifty FMCG and Nifty Pharma were among the top losers.

Top Gainers and Losers:
Among the Nifty 50, Hero Motocorp stood out as the leading gainer with an impressive surge of over 4.5%, followed by Bajaj Auto, Reliance, and Axis Bank. Conversely, Infosy, Dr Reddy’s Laboratories, SBI Life and Hindustan Unilever found themselves among the top losers.

Broader Markets:
In the broader markets, which include the Nifty Midcap and Nifty Smallcap, Gujarat Gas, Gujarat Fluorochemicals, Mangalore Refinery and Petrochemicals and Easy Trip Planners registered substantial gains, standing among the top gainers. On the flip side, Polycab India, Zee Entertainment, KEI Industries and Cochin Shipyard have witnessed major declines, ranking among the top losers.

Finance Minister Sitharaman Sets Sights on a $30-Trillion Economy by 2047:
Finance Minister Nirmala Sitharaman considers the target of achieving a $30-trillion Indian economy by 2047 to be conservative. She believes that India is on track to become the third-largest economy by 2027-28, with Gujarat playing a pivotal role in driving growth towards the nation’s development. During the Vibrant Gujarat Global Summit on January 10, Sitharaman expressed confidence in surpassing a $ 5 trillion GDP by 2027-28 and reiterated that reaching $30 trillion by 2047 is a cautious projection.

Oil Prices:
On Wednesday, oil stabilized, relinquishing a significant portion of its earlier gains. Concerns over Middle East supply, stemming from the Israel-Hamas conflict and the shutdown of a major Libyan oilfield, were counterbalanced by increased U.S. output and apprehensions about sluggish economic growth.

While the Organization of the Petroleum Exporting Countries (OPEC) and its allies are implementing production cuts to support the market, the Energy Information Administration indicated on Tuesday that U.S. crude production is set to reach a record high in 2024. Brent crude futures saw a modest increase of 10 cents, reaching $77.69 per barrel, while U.S. West Texas Intermediate crude futures rose by 21 cents, or 0.3%, reaching $72.48.

NSE Advance/Decline Ratio:
The broader market sentiment presents a nuanced trend, with 1368 advancing stocks compared to 843 declining stocks, signalling a slightly 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: The domestic indices reached new all-time highs, spearheaded by a rally in IT stocks | 12th January, 2024

Real estate and energy sectors witnessed increased buying interest from investors, while power and auto sectors reported modest declines.

Major Indices Performance:
The Indian benchmark indices concluded the trading session with a significant upswing, reaching new record highs on the bourses. The indices witnessed heightened optimism throughout the session, with IT stocks roaring on the charts. The BSE Sensex soared 1.18% to 72,568 level at the close. The Nifty 50 index climbed 1.14% to a level of 21,894.

Top Gainers and Losers:
On the Sensex, Infosys, Tech Mahindra and Tata Consultancy Services were among the top gainers, whereas Bajaj Finserv, Power Grid Corporation of India and UltraTech Cement Company were among the market draggers.

Sectoral Performance:
Most sectors reaped the benefits of the prevailing optimism, with the BSE Information Technology index, a sectoral gauge for the IT industry, surging by more than 5% and spearheading the gains. Real estate, oil & gas, and energy sectors witnessed increased buying interest from investors, while power, utilities, and auto sectors reported modest declines.

Broader Markets:
The broader indices also saw gains but trailed behind the main indices. The BSE Midcap index recorded an increase of 0.36%, whereas the BSE Smallcap index added 0.41%. Leading the mid-cap gains were Oracle Financial Services Software Ltd and Macrotech Developers Ltd, while Ashiana Housing Ltd and Accelya Solutions India Ltd emerged as the top small-cap gainers.

BSE Advance/Decline Ratio:
The broader market sentiment indicates a positive trend, with 2,112 advancing stocks compared to 1,742 declining stocks, signalling an optimistic sentiment in the overall market.

Oil Prices:
Oil prices increased on Thursday following Iran’s seizure of an oil tanker off the coast of Oman, heightening the possibility of escalating conflict in the Middle East. Brent crude futures rose by 0.79%, reaching USD 77.41 per barrel. Earlier in the morning, the benchmark was up by more than USD 2 per barrel, but it has since retreated in response to an unexpected surge in US inflation and indications that China is seeking fewer Saudi imports.

Disclaimer: This blog 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: Frontline indices close on a negative note with Nifty Metal among the top gainers | 16th January, 2024

On Tuesday, the Indian Frontline indices closed the trading day on a negative note while broader indices underperformed.

Major Indices Performance:
On Tuesday, the Indian Frontline indices closed the trading day on a negative note while the broader indices underperformed. The Sensex moderately declined by 0.27%, concluding at 73,128.78 level, while the Nifty also plunged by 0.29%, closing at 22,032.30 level. Similarly, Nifty Bank experienced marginal decline of 0.07%, closing at 48,125.10. Additionally, in the broader market, Nifty Midcap moderately declined by 0.36%, while Nifty Smallcap moderately plummeted by 0.48%.

Sectoral Performance:
Within the sectoral landscape, Nifty Metal took the lead with substantial gains of over 0.9%, followed by Nifty Media, Nifty PSU Bank and Nifty FMCG while Nifty Realty, Nifty IT Nifty Pharma and Nifty Energy were among the top losers.

Top Gainers and Losers:
Among the Nifty 50, BPCL stood out as the leading gainer with an impressive surge of over 2.5%, followed by Tata Steel, Titan and ITC. Conversely, Divi’s Laboratories, HCL Technologies, Wipro and NTPC found themselves among the top losers.

Broader Markets:
In the broader markets, which include the Nifty Midcap and Nifty Smallcap, Indian Railway Finance Corporation, One 97 Communications, PNB Housing Finance and Hindustan Copper registered substantial gains, standing among the top gainers. On the flip side, Vodafone Idea, FSN E- Commerce, Angel One and Kalyan Jewellers India have witnessed major declines, ranking among the top losers.

Trade Deficit Shrinks as India’s Exports Surge to $38.45 Billion in December:
In December 2023, India witnessed a reduction in its merchandise trade deficit, narrowing down to $19.8 billion from $23.14 billion in the corresponding month the previous year, as reported by the commerce ministry on January 15.

Following several months of contraction, goods exports marked a turnaround, entering positive territory at $38.45 billion in December 2023, surpassing the $38.08 billion recorded in the same month the previous year. Concurrently, merchandise imports experienced a 4.9 percent year-on-year decline.

Oil Prices:
Oil prices declined on Monday as traders monitored the risk of supply disruptions in the Middle East. This concern arose after U.S. and British forces conducted strikes to thwart Houthi militia attacks on ships in the Red Sea.

Brent crude futures dropped by 31 cents, or 0.4%, to $77.98 per barrel, following a 1.1% increase on Friday. U.S. West Texas Intermediate crude stood at $72.36 per barrel, down 32 cents, or 0.4%, after experiencing nearly a 1% gain in the previous session.

Last week, the benchmarks recorded a more than 2% surge, reaching their highest intraday levels this year. This uptick occurred in response to numerous air strikes launched by U.S. and British forces against Houthi forces, retaliation for months of attacks on Red Sea shipping, which the Iran-backed fighters justified as a response to the conflict in Gaza.

NSE Advance/Decline Ratio:
The broader market sentiment presents a nuanced trend, with 627 advancing stocks compared to 1603 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.