Amidst Mixed Global Cues, Sensex Falls 150 Points & Nifty 50 Trades Flat

Domestically, cautious investor sentiment led to the Sensex slipping by 0.20 per cent to 76,916.68, while the Nifty 50 remained largely flat, inching up by just 0.01 per cent to trade at 23,347.05.

Market Update at 9:45 AM: Indian equity markets opened on a subdued note, mirroring global uncertainty. Domestically, cautious investor sentiment led to the Sensex slipping by 0.20 per cent to 76,916.68, while the Nifty 50 remained largely flat, inching up by just 0.01 per cent to trade at 23,347.05.

Broader indices displayed a mixed performance. The Nifty Midcap 150 declined by 0.14 per cent to 20,323.10, whereas the Nifty Smallcap 250 edged up by 0.13 per cent to 16,863.05. 

The volatility index, India VIX, surged by 2.75 per cent to settle at 16.87, reflecting heightened uncertainty in the market.

Among sectoral indices, Nifty Metal, Nifty Media, and Nifty Healthcare were the Top Gainers. Conversely, Nifty Realty, Nifty Consumer Durables, and Nifty Private Bank emerged as the biggest laggards, dampening the overall market sentiment.

In the Nifty 50, Apollo Hospitals, BPCL, and Shriram Finance were the top performers. On the downside, Trent, Adani Enterprises, and Adani Ports led the losers.

The market breadth remained positive, with 1,646 stocks advancing compared to 732 stocks declining, indicating selective buying interest amidst cautious optimism.

Market Update 8:15 AM: On Monday, US markets remained closed in observance of Martin Luther King Jr. Day. Early Tuesday saw Asian stocks reverse earlier gains after US President Donald Trump announced plans to impose tariffs on Canada and Mexico starting February 1.

The GIFT Nifty indicated a promising start for the Indian market. At 7:20 AM IST, Nifty futures were trading higher at 23,411.00, suggesting positive momentum.

The Indian equity market opened the week on a strong note, recovering losses from the prior session. Gains of 0.5 per cent, led by financials, power, and telecom sectors, bolstered indices. At the close, the Sensex added 454.11 points or 0.59 per cent to settle at 77,073.44, while the Nifty advanced 141.55 points or 0.61 per cent to finish at 23,344.75.

Treasury yields continued to decline, with the 10-Year yield dropping 171 basis points to 4.54 per cent, and the 2-Year yield shedding 119 basis points to 4.24 per cent.

The dollar index weakened by 0.7 per cent, trading at 108.50 in early Tuesday trade.

WTI crude futures remained subdued below USD 76.9 per barrel on Monday. Markets responded to US President Donald Trump's commitment to boost domestic crude production, including potential emergency measures to accelerate energy output.

Foreign Institutional Investors (FIIs) continued their selling streak, offloading equities worth Rs 4,336 crore on January 20. Meanwhile, Domestic Institutional Investors (DIIs) countered with net purchases worth Rs 4,322 crore.

Aditya Birla Fashion and Retail, Angel One, Bandhan Bank, Kalyan Jewellers, Can Fin Homes, Manappuram Finance, L&T Finance, and RBL Bank remain under the F&O ban for today.

Disclaimer: The article is for informational purposes only and not investment advice.