Sensex and Nifty 50 Trade Flat Amid Mixed Global Cues

The Sensex inched up by 0.12 per cent, trading at 76,708.12, while the Nifty 50 registered a marginal gain of 0.05 per cent to stand at 23,215.20.

Market Update at 9:45 AM: The equity markets started the day on a subdued note, displaying mixed trends in early trade. The Sensex inched up by 0.12 per cent, trading at 76,708.12, while the Nifty 50 registered a marginal gain of 0.05 per cent to stand at 23,215.20.

Broader indices reflected slight bearish tendencies. The Nifty Midcap 150 slipped by 0.22 per cent to 20,151.20, while the Nifty Smallcap 250 saw a minor dip of 0.02 per cent, settling at 16,697.95. Market volatility surged notably, with the India VIX climbing 7.11 per cent to 16.87, indicating heightened uncertainty among investors.

Among the sectoral indices, Nifty Private Bank, Nifty PSU Bank, and Nifty Bank emerged as the top performers, reflecting strong buying interest. Conversely, Nifty Auto, Nifty Healthcare, and Nifty Pharma were the worst hit, showing notable declines.

Within the Nifty 50 pack, Kotak Mahindra Bank, Wipro, and NTPC were the leading gainers. On the other hand, Shriram Finance, SBI Life Insurance, and IndusInd Bank were the top laggards.

The market breadth indicated cautious sentiment, with 1,357 stocks advancing against 1,077 stocks declining.

Market Update 8:30 AM: On January 17, the Indian market ended a three-day winning streak, closing lower with the Nifty near 23,200. IT and banking stocks faced selling pressure despite strong Quarterly Results from Infosys and Axis Bank. Reliance Industries' higher profits helped limit the overall decline.

The Sensex fell 423.49 points (0.55 per cent) to close at 76,619.33, while the Nifty dropped 108.60 points (0.47 per cent) to settle at 23,203.20.

US markets ended higher on Friday, wrapping up a strong week driven by optimism about the economy and interest rate trends ahead of policy shifts under the Trump administration. The Dow rose 334.70 points (0.78 per cent) to 43,487.83, the S&P 500 gained 59.32 points (1.00 per cent) to 5,996.66, and the Nasdaq added 291.91 points (1.51 per cent) to 19,630.20.

GIFT Nifty signals a positive opening for the Indian market, showing a rise of 51 points (0.22 per cent). Nifty futures were trading near 23,288.50.

Asian markets saw gains on Monday, with both the Nikkei and Hang Seng rising 1 per cent. Investors focused on the upcoming U.S. administration and awaited clarity on its policy direction.

The dollar remained steady on Monday, holding near a two-year high as markets awaited Donald Trump's inauguration. The dollar index, which tracks the currency against six major peers, stood at 109.28, close to last week's 26-month high of 110.17.

Oil prices rose on Monday due to ongoing supply concerns after the US imposed two rounds of sanctions on Russia's energy sector in the last two weeks amid the Ukraine conflict.

Foreign Institutional Investors (FIIs) extended their selling streak, offloading equities worth Rs 3,318 crore. Meanwhile, Domestic Institutional Investors (DIIs) stepped in, purchasing shares amounting to Rs 2,572 crore.

AARTI Industries, Aditya Birla Fashion and Retail, Angel One, Bandhan Bank, Can Fin Homes Ltd, Hindustan Copper, L&T Finance, RBL Bank, Kalyan Jewellers, and Manappuram Finance remain under the F&O trading ban on the NSE.

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