Market at 12:30 PM on January 6: All Sectors in Red as Broader Indices Plunge and Volatility Soars!

Sensex and Nifty Show Positive Movement, But Midcap and Smallcap Indices Sink; Market Sentiment Remains Bearish with Rising Volatility

Market Update at 12:30 PM:

During the ongoing trading session, benchmark indices are showing a negative trend, with the Sensex up by 1.22 per cent and the Nifty up by 1.21 per cent. However, in the broader market, the Nifty Midcap declined by 1.90 per cent, while the Nifty Smallcap declined by 2.11 per cent.

India VIX rose by 13.22 per cent and is trading around the 15.33 mark, indicating an increase in market volatility.

European markets are likely to begin the new trading week on a positive note this Monday. The U.K.'s FTSE 100 is predicted to open slightly lower, down by 4 points at 8,220. Meanwhile, Germany’s DAX is set to rise by 50 points, reaching 19,953. France’s CAC is expected to gain 22 points, reaching 7,296, and Italy’s FTSE MIB is projected to climb 113 points, reaching 34,308. No significant earnings reports or economic data are scheduled for release in Europe on Monday.

In the sectoral landscape, all sectors are trading negative, with Nifty PSU Banks, Nifty Metal, and Nifty Energy sectors leading in underperformance.

Top Gainers in individual stocks include APOLLOHOSP, TITAN, and TATACONSUM, while ITC, TATASTEEL, and BPCL are among the Top Losers in the Nifty 50.

The broader market sentiment is negative, with 249 stocks advancing compared to 2,174 stocks declining.

Market Update at 9:45 AM:

The markets opened on a cautious note. The Sensex slipped by 0.07 per cent, trading at 79,155.71, while the Nifty 50 stayed flat, hovering near 23,961.70.

Broader indices displayed mixed sentiments, with the Nifty Midcap 150 dipping 0.44 per cent to 21,321.30, while the Nifty Smallcap 250 fell 0.39 per cent to 17,901.15. The India VIX saw a slight uptick of 6.85 per cent, reaching 14.50, reflecting mild caution in the market.

Within sectoral indices, Nifty IT led the gains, while Nifty PSU Banks, Nifty Metal, and Nifty Energy struggled.

Among Nifty 50 stocks, BAJFINANCE, TITAN, and INFY were the top gainers. On the flip side, ITC, TATASTEEL, and KOTAKBANK emerged as the leading losers. The market breadth remained bearish, with 537 stocks advancing and 1,776 stocks declining.

Pre-Market Update at 8:30 AM:

On Friday, Wall Street closed sharply higher, driven by strong performance in technology stocks. Investors wrapped up a holiday-shortened week, welcoming the new year with optimism about potential Federal Reserve rate cuts and expectations of looser regulatory policies under the incoming administration.

The Dow Jones Industrial Average climbed 339.86 points (0.80 per cent) to close at 42,732.13. The S&P 500 advanced 73.92 points (1.26 per cent) to 5,942.47, while the Nasdaq Composite surged 340.88 points (1.77 per cent) to 19,621.68.

Asian markets traded mixed on Monday after Wall Street broke its five-day losing streak, supported by renewed demand for major technology stocks. While most indices moved higher, Japan's Nikkei dipped by 1 per cent.

GIFT Nifty signals a positive opening for Indian markets, with trends indicating a rise of 72 points (0.30 per cent). Nifty futures were trading near the 24,132 level.

On January 3, bears took control of Dalal Street, pushing the Nifty close to the crucial 24,000 mark as selling pressure hit IT, Pharma, and Banking stocks. However, buying interest in Media and Oil & Gas sectors helped limit the overall losses.

By the end of the day, the Sensex dropped 720.60 points (0.90 per cent) to 79,223.11, while the Nifty fell 183.90 points (0.76 per cent) to 24,004.75.

The dollar displayed mixed movements against major currencies early Monday, with the yen easing slightly from its late-week gains to trade near 157 per dollar. Meanwhile, the US Dollar Index stood at 109.01.

Crude oil prices continued their longest rally in more than a year, supported by positive sentiment in broader markets. The international benchmark Brent crude hovered around $77 per barrel.

Foreign institutional investors (FIIs) turned net buyers on January 3, purchasing equities worth Rs 4,227 crore. Domestic institutional investors (DIIs) also net bought equities worth Rs 820 crore on the same day, marking their 13th consecutive session as net buyers.

Manappuram Finance and RBL Bank remain under the F&O trading ban today.

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