Sensex & Nifty 50 Lose Upto 0.25 Per Cent, PSU Bank, FMCG Top Drags

The Nifty 50 ended lower by 0.18 per cent at 23,559.95, while the Sensex declined by 0.25 percent to close at 77,860.19.

Market Update 3:30 PM: Indian equity markets concluded the trading session on a subdued note today, with benchmark indices registering minor losses. The Nifty 50 ended lower by 0.18 per cent at 23,559.95, while the Sensex declined by 0.25 percent to close at 77,860.19.

Broader market indices also reflected the negative sentiment. The Nifty Midcap 150 closed with a gain of 0.13 per cent at 19,819.60, while the Nifty Smallcap 250 slipped 0.39 per cent to 16,035.75.

Market volatility eased further, with the India VIX down 3.45 per cent to 13.69.

On the sectoral front, Nifty Metal (2.66 per cent), Nifty Auto (0.69 per cent) and Nifty Healthcare index (0.32 per cent) emerged as the Top Gainers. Conversely, Nifty PSU Bank (-1.38 per cent), Nifty FMCG (-1.30 per cent) and Nifty Media (-1.01 per cent) were the major sectoral laggards.

Among Nifty 50 constituents, Tata Steel (4.24 per cent gain), ITC Hotels (3.73 per cent gain) and Bharti Airtel (3.60 per cent gain) were the top performers, while ITC (-2.49 per cent loss), SBI (-2.11 per cent loss) and Britannia (-1.70 per cent loss) were the major draggers.

Market breadth was negative, with 1,012 advances and 1,756 declines, indicating a cautious market sentiment.

Market Update: 9:50 AM: Indian equity markets are exhibiting a subdued trend in early trade today, with benchmark indices hovering around previous levels. The Nifty 50 is marginally down by 0.05 per cent to 23,591.75, while the Sensex is almost unchanged, up by 0.01 per cent at 78,067.39.

Broader market indices are showing a negative bias. The Nifty Midcap 150 has declined 0.25 per cent, and the Nifty Smallcap 250 has slipped 0.62 per cent.

Market volatility has eased slightly, with the India VIX down 0.68 per cent to 14.27.

Sectorally, Nifty Realty (0.25 per cent), Nifty Auto (0.21 per cent) and Nifty Private Bank (0.21 per cent) are among the few gainers. Conversely, Nifty Media (-1.76 per cent), Nifty FMCG (-1.26 per cent), and Nifty Oil & Gas (-0.99 per cent) are the top sectoral laggards.

Among Nifty 50 constituents, Bharti Airtel, Tata Steel, and Shriram Finance are the top performers, while ITC, SBI, and BEL are the major draggers.

Market breadth is negative, with 812 advances and 1,553 declines, suggesting a cautious approach by investors.

Market Update 8:15 AM: U.S. stock markets ended Thursday’s session on a mixed note as investors navigated through corporate earnings and awaited key economic data. The Dow Jones Industrial Average dipped 125.65 points, or 0.28 per cent, to close at 44,747.63. Meanwhile, the S&P 500 edged up 22.09 points, or 0.36 per cent, to settle at 6,083.57, while the Nasdaq Composite gained 99.66 points, or 0.51 per cent, ending at 19,791.99.

Asian markets were trading lower on Friday following Wall Street’s subdued movement, as investors remained cautious ahead of the U.S. jobs report, which could provide insights into future interest rate trends.

The GIFT Nifty signaled a tepid start for domestic equities. Around 7:00 AM IST, Nifty futures were trading at 23,702, indicating a flat opening.

Indian equity benchmarks extended losses for a second straight session on February 6, dragged down due to weaker earnings. The Sensex shed 213.12 points, or 0.27 per cent, to close at 78,058.16, while the Nifty declined 92.95 points, or 0.39 per cent, settling at 23,603.35.

The U.S. Treasury market saw little movement, with the 10-year yield holding steady at 4.43 per cent and the 2-year yield at 4.21 per cent.

The U.S. dollar index remained stable at 107.74, while the Japanese yen strengthened following remarks from Bank of Japan board member Naoki Tamura, who reiterated the potential for rate hikes.

WTI crude oil futures hovered around USD 70.7 per barrel on Friday, set for a third straight weekly decline. The drop in crude prices followed former President Trump’s renewed commitment to ramping up U.S. oil production, adding to supply concerns after U.S. crude inventories saw their largest build in nearly a year.

Foreign Institutional Investors (FIIs) were net sellers on February 6, offloading equities worth Rs 3,549.95 crore. On the other hand, Domestic Institutional Investors (DIIs) absorbed some of the selling pressure, purchasing equities worth Rs 2,721.66 crore.

No stocks are currently under the F&O ban today.

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