Sensex and Nifty 50 Open in Green, Midcap & Smallcap Under Pressure
The Sensex gained 0.54 per cent to reach 76,231.91, while the Nifty 50 rose by 0.32 per cent to trade at 23,099.15.
Market Update at 9:40 AM: Indian equity markets began the day on a cautiously optimistic note, with the Sensex gaining 0.54 per cent to reach 76,231.91, while the Nifty 50 rose by 0.32 per cent to trade at 23,099.15. The broader indices, however, faced pressure, reflecting a mixed market sentiment.
The Nifty Midcap 150 slipped by 1.35 per cent to 19,676.60, and the Nifty Smallcap 250 fell sharply by 1.51 per cent to 16,235.15. The volatility index, India VIX, climbed 0.92 per cent to 17.21, indicating increased market uncertainty.
Among sectoral indices, Nifty FMCG, Nifty IT, and Nifty Financial Services were the top performers. On the other hand, Nifty Realty, Nifty Media, and Nifty Metal emerged as the biggest laggards, weighing on overall market sentiment.
In the Nifty 50, Wipro, Infosys, and Sun Pharma led the gainers, while BEL, Power Grid, and Tata Motors were the Top Losers.
The market breadth skewed heavily towards the decliners, with 1,810 stocks falling compared to 524 stocks advancing, signaling widespread selling pressure, particularly in the midcap and smallcap segments.
Market Update 8:15 AM: On Tuesday, Wall Street’s primary indices rallied, with the Dow Jones and the S&P 500 closing at their highest levels in over a month. Investors reacted positively to Donald Trump’s initial decisions as U.S. president, reassured by his avoidance of broad tariff hikes in the early days of his second term.
The Dow Jones Industrial Average gained 537.98 points, or 1.24 per cent, closing at 44,025.81. The S&P 500 rose 52.58 points, or 0.88 per cent, to finish at 6,049.24, while the Nasdaq Composite climbed 126.58 points, or 0.64 per cent, to end the session at 19,756.78—marking its highest level since January 6.
Asian markets advanced on Wednesday, bolstered by optimism over President Trump’s initiatives to enhance artificial intelligence investment, which buoyed the outlook for the region’s technology firms.
The GIFT Nifty signals a positive start for the Indian market, with Nifty futures trading at 23,154.50 as of 7:20 am IST.
India’s equity benchmarks witnessed significant declines on Tuesday. The Sensex dropped below the 76,000 level for the first time in seven months, closing at 75,838.36, a loss of 1,235 points or 1.60 per cent. The Nifty slid 320.1 points, or 1.37 per cent, to settle at 23,024.65, dragged down by lackluster earnings and uncertainties regarding President Trump’s potential trade measures.
U.S. Treasury yields climbed on Wednesday, with the 10-Year yield rising 35 basis points to 4.59 per cent and the 2-Year yield up by 25 basis points at 4.28 per cent.
The dollar index remained stable, trading slightly lower at 108.02, amid mixed market sentiment due to unclear signals about President Trump’s tariff plans.
WTI crude oil futures fell below Rs 76 per barrel, extending their recent losses. President Trump’s renewed consideration of a 10 per cent tariff on China—one of the largest oil consumers—intensified trade war concerns. His earlier remarks on potentially imposing tariffs on Canada and Mexico added to the uncertainty.
Foreign Institutional Investors (FIIs) continued their selling spree for the 13th consecutive session, offloading equities worth Rs 5,920 crore on January 21. Domestic Institutional Investors (DIIs), however, purchased equities valued at Rs 3,500 crore on the same day.
Aditya Birla Fashion and Retail, Angel One, Bandhan Bank, Kalyan Jewellers, Can Fin Homes, Dixon Technologies, Manappuram Finance, L&T Finance, Mahanagar Gas, and RBL Bank are on the F&O ban list today.
Disclaimer: The article is for informational purposes only and not investment advice.