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Market Wrap: Benchmark indices shut on a optimistic word whereas Nifty Smallcap outperformed!

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Market Wrap: Benchmark indices shut on a optimistic word whereas Nifty Smallcap outperformed!

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On Friday, Frontline indices concluded the day on a optimistic word as Sensex closed increased by 0.61 per cent concluding at 72,085.64 degree, whereas Nifty soared by 0.72 per cent and closed at 21,853.80 degree.





Market Update at 3:35 PM: On Friday, Frontline indices concluded the day on a optimistic word as Sensex closed increased by 0.61 per cent concluding at 72,085.64 degree, whereas Nifty soared by 0.72 per cent and closed at 21,853.80 degree. Similarly, the Broader market skilled average beneficial properties as Nifty Midcap closed reasonably increased by 0.37 per cent, whereas Nifty Smallcap soared by 0.93 per cent.


Market volatility, as indicated by India VIX, has marginally surged by 1.68 per cent, reflecting a slight enhance in market volatility.


Nifty Energy, Nifty Metal, Nifty PSU Bank and Nifty IT have been among the many high gainers whereas Nifty Bank, Nifty Financial Services and Nifty FMCG have been among the many high losers.


BPCL, Power Grid and ONGC have been among the many high gainers whereas Eicher Motors, Axis Bank and HDFC Life have been among the many high dropping shares from the Nifty 50.


About 1249 shares have been advancing as in opposition to to 991 shares that have been declining, thus indicating a pessimistic sentiment within the broader market.


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Market Update at 2:10 PM: In the present buying and selling session benchmark indices commerce on the next word with the Sensex surging by 0.75 per cent, whereas Nifty soared by 0.88 per cent. Similarly, within the broader indices Nifty Midcap reasonably surged by 0.6 per cent, whereas Nifty Smallcap considerably gained by 1.16 per cent.


India VIX is presently buying and selling marginally increased by 1.57 per cent, indicating a slight enhance in market volatility.


Nifty Energy, Nifty PSU Bank and Nifty Metal are among the many high gainers, whereas Nifty FMCG is the one main sector which is underperforming.


BPCL, Power Grid and ONGC are among the many high gainers whereas Eicher Motors, HDFC Life and Hindustan Unilever are among the many high dropping shares from the Nifty 50.


About 1379 shares are advancing as in opposition to to 858 shares which are declining, thus indicating a optimistic sentiment within the broader market.


 


Market Update at 12:45 PM: In the present buying and selling session benchmark indices commerce on the next word with the Sensex surging by 1.18 per cent, whereas Nifty soared by 1.15 per cent. Similarly, within the broader indices Nifty Midcap surged by 0.56 per cent, whereas Nifty Smallcap marginally gained by 0.89 per cent.


India VIX is presently buying and selling marginally increased by 1.07 per cent, indicating a rise in market volatility.


European markets are set to open on a optimistic word on Friday as weak U.S. Economic information pressured bond yields and tech giants delivered sturdy monetary outcomes. European futures, DAX, CAC and FTSE commerce increased by 0.26 per cent, 0.67 per cent and 0.8 per cent respectively.


Nifty Energy, Nifty PSU Bank and Nifty IT are among the many high gainers, whereas presently no main sectors are buying and selling positively.


BPCL, Power Grid and Adani Ports are among the many high gainers whereas Eicher Motors, HDFC Life and Hindustan Unilever are among the many high dropping shares from the Nifty 50.


About 1372 shares are advancing as in opposition to to 854 shares which are declining, thus indicating a optimistic sentiment within the broader market.


 


Market Update at 11:20 AM: In the continued buying and selling session, benchmark indices are buying and selling on the next word, with Sensex surging by 1.09 per cent and Nifty can be displaying acquire of 1.15 per cent. Similarly within the broader indices Nifty Midcap experiences average acquire of 0.82 per cent, whereas Nifty Smallcap considerably surged by 1.47 per cent.


India VIX is buying and selling marginally decrease by 0.99 per cent, indicating a marginal lower in market volatility.


Noteworthy gainers embody Nifty Energy, Nifty PSU Bank and IT, whereas no main sectors have been underperforming.


Top gainers in particular person shares are BPCL, Power Grid and Adani Ports, whereas Eicher Motors and HDFC Life are among the many main losers within the Nifty 50.


The broader market sentiment stays barely optimistic, with 1651 shares advancing in comparison with 580 declining.


 


Market Update at 9:35 AM: On Friday, Indian markets initiated the buying and selling day on a optimistic word with the Sensex opening considerably increased by 1.2 per cent, whereas Nifty additionally opened considerably increased by 1.2 per cent. Similarly, Nifty Midcap opened reasonably increased by 0.47 per cent, whereas Nifty Smallcap opened increased 1.04 per cent.


India VIX has declined by 1.07 per cent, indicating a marginal lower in market volatility.


Nifty Energy, Nifty Realty and Nifty Media are among the many high gainers whereas presently there aren’t any main sectors underperforming.


Adani Ports, BPCL and Power Grid are among the many high gainers whereas Eicher Motors, HDFC life and Axis Bank are among the many high dropping shares from the Nifty 50.


About 1675 shares are advancing as in opposition to to 425 shares which are declining, thus indicating a optimistic sentiment within the broader market.


 


Pre-Market Update at 8:25 AM: On Thursday, US shares staged a restoration as traders shifted focus in the direction of upcoming high-profile earnings and Friday’s employment report, following the Federal Reserve’s announcement that fee cuts usually are not imminent, dispelling earlier expectations for March.


In a broad rally, all three main indices surged, with the Nasdaq main the beneficial properties. The S&P 500 surged 1.25 per cent to shut at 4,906.19 factors, the Nasdaq rose 1.30 per cent to fifteen,361.64 factors, and the Dow Jones Industrial Average elevated by 0.97 per cent to 38,519.84 factors.


The newest information on the GIFT Nifty suggests a impartial opening for the benchmark indices, with a marginal enhance of 10 factors. Nifty futures have been noticed buying and selling close to the 21,915.50 mark.


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Oil costs declined over 2 per cent on Thursday following unverified reviews of a ceasefire between Israel and Hamas, coupled with an influence outage that led to the closure of a major US refinery.


While a Qatari official denied an precise ceasefire, stating that Hamas had positively acquired a ceasefire proposal earlier within the week, Brent crude futures fell by USD 1.85 (2.5 per cent) to settle at USD 78.70 a barrel, and US West Texas Intermediate crude futures dropped by USD 2.03 (2.7 per cent) to USD 73.82.


Amid optimistic danger sentiment buoyed by sturdy earnings from huge tech corporations on Wall Street, the greenback skilled a broad decline on Friday. The greenback index stood at 103.02, poised for its first weekly lower of the 12 months.


On February 01, 2024, overseas institutional traders (FII) offloaded shares value Rs 1,879.58 crore, whereas home institutional traders (DII) purchased shares value Rs 872.49 crore.


Stocks which are banned for buying and selling within the F&O phase on February 02, 2024, are INDIACEM and INDUSTOWER, SAIL, ZEEL.




































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