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On Friday, blue-chip indices concluded the day on a positive note as Sensex closed 0.61 per cent higher and concluded at 72,085.64 level, while Nifty soared 0.72 per cent and closed at the level of 21,853.80.
Market update at 3:35 pm: On Friday, blue-chip indices concluded the day on a positive note as Sensex closed 0.61 per cent higher and concluded at 72,085.64 level, while Nifty soared 0.72 per cent and closed at the level of 21,853.80. Similarly, the broader market saw moderate gains as Nifty Midcap closed moderately higher by 0.37 per cent, while Nifty Smallcap soared by 0.93 per cent.
Market volatility, as indicated by India’s VIX, has increased marginally by 1.68 percent, reflecting a slight increase in market volatility.
Nifty Energy, Nifty Metal, Nifty PSU Bank and Nifty IT were among the top gainers, while Nifty Bank, Nifty Financial Services and Nifty FMCG were among the top losers.
BPCL, Power Grid and ONGC were among the biggest gainers, while Eicher Motors, Axis Bank and HDFC Life were among the Nifty 50 losers.
Around 1,249 stocks rose as against 991 stocks fell, indicating a bearish sentiment in the overall market.
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Market update at 2:10 pm: In the current trading session, benchmark indices are trading higher with the Sensex up 0.75 per cent, while the Nifty soared 0.88 per cent. Similarly, on the broader indices, Nifty Midcap rose moderately by 0.6 per cent, while Nifty Smallcap gained substantially by 1.16 per cent.
India VIX is currently trading slightly higher at 1.57 percent, indicating a slight increase in market volatility.
Nifty Energy, Nifty PSU Bank and Nifty Metal are among the top gainers, while Nifty FMCG is the only major sector to underperform.
BPCL, Power Grid and ONGC are among the biggest gainers, while Eicher Motors, HDFC Life and Hindustan Unilever are among the Nifty 50 losers.
Around 1,379 stocks are rising as against 858 stocks that are falling, indicating positive sentiment in the overall market.
Market update at 12:45 pm: In the current trading session, benchmark indices are trading higher with the Sensex up 1.18 per cent, while the Nifty soared 1.15 per cent. Similarly, on the broader indices, Nifty Midcap rose 0.56 per cent, while Nifty Smallcap gained marginally 0.89 per cent.
India VIX is currently trading slightly higher at 1.07 percent, indicating an increase in market volatility.
European markets are expected to open on a positive note on Friday as weak US economic data pressured bond yields and tech giants delivered strong financial results. European futures, DAX, CAC and FTSE are trading up 0.26 percent, 0.67 percent and 0.8 percent respectively.
Nifty Energy, Nifty PSU Bank and Nifty IT are among the top gainers, although no major sector is currently trading positively.
BPCL, Power Grid and Adani Ports are among the biggest gainers, while Eicher Motors, HDFC Life and Hindustan Unilever are among the biggest losers in the Nifty 50.
Around 1,372 stocks are rising as against 854 stocks that are falling, indicating positive sentiment in the overall market.
Market update at 11:20 am: In the ongoing trading session, benchmark indices are trading on a bullish note with Sensex up 1.09 per cent and Nifty also showing a gain of 1.15 per cent. Similarly, on the broader indices, Nifty Midcap sees a moderate gain of 0.82 per cent, while Nifty Smallcap rose substantially by 1.47 per cent.
India VIX is trading slightly lower at 0.99 per cent, indicating a marginal decline in market volatility.
Notable gainers include Nifty Energy, Nifty PSU Bank and IT, while no major sector underperformed.
The top gainers in individual stocks are BPCL, Power Grid and Adani Ports, while Eicher Motors and HDFC Life are among the top losers in the Nifty 50.
Overall market sentiment remains slightly positive, with 1,651 stocks rising versus 580 falling.
Market update at 9:35 am: On Friday, Indian markets started the trading day on a positive note: Sensex opened substantially higher by 1.2 percent, while Nifty also opened significantly higher by 1.2 percent. Similarly, Nifty Midcap opened moderately higher with 0.47 per cent, while Nifty Smallcap opened with a rise of 1.04 per cent.
India’s VIX has declined by 1.07 percent, indicating a marginal decline in market volatility.
Nifty Energy, Nifty Realty and Nifty Media are among the top gainers, although there are no major underperforming sectors currently.
Adani Ports, BPCL and Power Grid are among the top gainers, while Eicher Motors, HDFC life and Axis Bank are among the top losers in the Nifty 50.
Around 1675 stocks are rising as against 425 stocks that are falling, indicating positive sentiment in the overall market.
Premarket update at 8:25 am: U.S. stocks staged a recovery on Thursday as investors shifted their attention to upcoming high-profile earnings and Friday’s jobs report, following the Federal Reserve’s announcement that rate cuts are not imminent, dispelling previous expectations for March.
In a broad rally, all three major indexes rose, with the Nasdaq leading the gains. The S&P 500 rose 1.25 percent to close at 4,906.19 points, the Nasdaq rose 1.30 percent to 15,361.64 points and the Dow Jones Industrial Average rose 0.97 percent to 38,519.84 points. .
The latest GIFT Nifty data suggests a neutral opening for the benchmark indices, with a marginal rise of 10 points. Nifty futures were seen trading near the 21,915.50 mark.
DSIJ’s weekly ‘Flash News Investment’ newsletter recommends profit-making ideas based on fundamental and technical analysis. If this interests you, download the service details here.
Oil prices fell more than 2 percent on Thursday following unverified reports of a ceasefire between Israel and Hamas, along with a power outage that led to the closure of a major US refinery.
While a Qatari official denied an actual ceasefire, stating that Hamas had positively received a ceasefire proposal earlier in the week, Brent crude oil futures fell $1.85 (2.5 percent) to settle at $78. .70 a barrel, and US West Texas Intermediate crude oil futures fell $2.03 (2.7 percent) to $73.82.
Amid positive risk sentiment driven by strong earnings from big tech companies on Wall Street, the dollar saw a broad decline on Friday. The dollar index stood at 103.02, about to suffer its first weekly decline of the year.
On February 1, 2024, Foreign Institutional Investors (FII) offloaded shares worth Rs 1,879.58 crore, while Domestic Institutional Investors (DII) bought shares worth Rs 872.49 crore.
The stocks whose trading is prohibited in the F&O segment on February 2, 2024 are INDIACEM and INDUSTOWER, SAIL, ZEEL.