The sentiment in the broader market remains optimistic!

The Sensex fell 0.01 per cent and the Nifty fell 0.04 per cent.

Market update at 11:50: Benchmark indices are showing a flat trend during the ongoing session, with Sensex down 0.01% and Nifty down 0.04%. However, in the broader market, Nifty Midcap rose 0.10 per cent while Nifty Smallcap rose 0.76 per cent.

India VIX is down 4.46 percent and is trading near 12.22, indicating a decline in market volatility.

In the sectoral landscape, Nifty IT, Nifty Auto and Nifty MID SELECT have emerged as The best conquerorswhile Nifty Realty, Nifty Pharma and Nifty FMCG are the underperforming sectors.

The top gainers in individual stocks are TECHM, M&M and WIPRO, while HINDUNILVR, ASIANPAINT and BAJAJ-AUTO are among The biggest losers in Nifty 50.

The sentiment on the broader market is positive – 1,410 companies gained in value compared to 868 declines.

Market update at 9:25: Indian markets opened on a positive note on Tuesday with both Nifty and Sensex showing positive movement. Nifty IT led the gains while Nifty Metal was the biggest laggard.

Currently, Sensex is up 0.34 per cent to trade around 85,575 and Nifty is up marginally by 0.25 per cent to close to 25,870. However, in the broader market, Nifty Midcap is up 0.09 per cent to around 60,210 and Nifty Smallcap rose 0.52% to near 19,280.

India VIX dropped by 2.58 percent and is trading at 12.46, indicating a decline in market volatility.

In the sector landscape, Nifty IT, Nifty PSU Bank and Nifty Auto are among the top performers, while Nifty Metal and Nifty FMCG are the underperforming sectors.

TECHM, M&M and LT are among the top gainers in the Nifty 50, while JSWSTEEL, ASIANPAINT and HINDALCO are among the top losers.

About 1,502 stocks are rising compared to 636 stocks that are falling, indicating positive sentiment in the broader market.

Pre-launch update at 7:40: The S&P 500 index hit a record high on Monday before rebounding after a brief decline following comments from Federal Reserve Chairman Jerome Powell. He mentioned that the Fed is in no rush to cut further interest rates, but expects two more this year, totaling 50 basis points, if the economy stays on track.

The Dow Jones closed at an all-time high, with all three major U.S. stock indexes posting gains during the month and quarter. The Dow rose 17.15 points (0.04%) to 42,330.15, the S&P 500 added 24.31 points (0.42%) to 5,762.48 and the Nasdaq gained 69.58 points (0. 38 percent) to 18,189.17.

GIFT Nifty rate remains unchanged, signaling a calm opening of the day. Nifty futures are currently trading at 26,115.00.

Treasury prices continued to fall, sending short-term yields higher after Fed Chairman Jerome Powell’s cautious comments that interest rates would fall “over time” while saying the economy was still strong. The 10-year U.S. Treasury yield fell 25 basis points to 3.77%, while the 2-year yield fell 23 basis points to 3.63% in early Friday trading.

Oil prices remained unchanged on Monday, but the third quarter ended with a 17 percent decline. Concerns about potential supply constraints from the Middle East were overcome by a decline in global demand. Brent crude for November fell 21 cents to $71.77, while the December contract rose 27 cents to $71.81.

On September 30, 2024, foreign institutional investors (FIIs) sold shares worth Rs 9,791 crore, while domestic institutional investors (DIIs) bought shares worth Rs 6,645 crore.

The shares banned from trading in the F&O segment from October 1, 2024 are BALRAMCHIN, BANDHANBNK, HINDCOPPER, RBLBANK.

Disclaimer: This article is for informational purposes only and does not constitute investment advice.