After Yesterday’s Plunge, Markets Rebound to End Positive in Today’s Session

The Sensex advanced by 0.30 per cent to close at 78,199.11, while the Nifty 50 gained 0.39 per cent, settling at 23,707.90.

Market Update at 3:30 PM: The markets wrapped up the day on a positive note. The Sensex advanced by 0.30 per cent to close at 78,199.11, while the Nifty 50 gained 0.39 per cent, settling at 23,707.90.

In the broader indices, the Nifty Midcap 150 climbed 0.87 per cent to 21,060.80, and the Nifty Smallcap 250 rose significantly by 1.41 per cent, reaching 17,702.55. The India VIX dropped sharply by 6.32 per cent to 14.66, indicating a further decline in market volatility.

Among the sectoral indices, Nifty Oil & Gas led the outperformers with a gain of 1.64 per cent, followed by Nifty Media and Nifty MidSmall Healthcare, which advanced by 1.36 per cent and 1.55 per cent, respectively. On the flip side, Nifty IT, Nifty Auto, and Nifty FMCG emerged as the key laggards, declining by 0.68 per cent and 0.00 per cent respectively.

In the Nifty 50 index, ONGC topped the gainers’ list, soaring by 3.79 per cent, followed by SBILIFE and HDFCLIFE, which rose by 2.62 per cent and 2.31 per cent, respectively. Meanwhile, TRENT, HCLTECH, and TCS were the Top Losers, sliding by 2.20 per cent, 1.86 per cent, and 1.56 per cent, respectively.

Market breadth displayed strong bullish sentiment, with 2,076 stocks advancing against 751 declining on the NSE, highlighting the positive momentum across sectors.

Market Update at 2:00 PM: The markets have extended their gains as the trading day progressed. By 2:00 PM, the Sensex was up by 0.27 per cent, trading at 78,172.74, while the Nifty 50 rose 0.34 per cent to stand at 23,696.20.

In the broader indices, the Nifty Midcap 150 climbed 0.98 per cent to 21,083.55, and the Nifty Smallcap 250 surged by 1.29 per cent, reaching 17,681.15. Volatility continued to decline, with the India VIX falling by 6.27 per cent to 14.67, reflecting a further drop in market uncertainty.

Among the sectoral indices, the top outperformers were Nifty Oil & Gas, Nifty Metal, and Nifty MidSmall Healthcare, with gains of 1.54 per cent, 1.24 per cent, and 1.73 per cent, respectively. Conversely, Nifty IT, Nifty Auto, and Nifty FMCG emerged as the laggards, witnessing declines of 0.83 per cent, 0.09 per cent, and 0.18 per cent, respectively.

Within the Nifty 50, ONGC was the top gainer, advancing by 4.54 per cent, followed by SBILIFE and IndusInd Bank, which rose by 2.75 per cent and 2.23 per cent, respectively. On the other hand, HCL Technologies, TCS, and Eicher Motors were among the major losers, declining by 1.87 per cent, 1.70 per cent, and 1.14 per cent, respectively.

The market breadth remained solidly positive, with 2,000 stocks advancing against 672 declining, indicating robust sentiment across the board.

Market Update at 9:30 AM: After yesterday's big fall, the markets have opened on a positive note today. At this hour, the Sensex has risen by 0.43 per cent to trade at 78,302.21, while the Nifty 50 has gained 0.46 per cent, standing at 23,725.60.

In the broader indices, the Nifty Midcap 150 has advanced by 0.46 per cent to 20,974.85, and the Nifty Smallcap 250 has climbed 0.44 per cent to 17,533.00. Volatility showed signs of easing as the India VIX declined by 2.42 per cent, settling at 15.27, indicating reduced uncertainty.

Among the sectoral indices, the top outperformers were Nifty Oil & Gas, Nifty Consumer Durables, and Nifty Metal. On the other hand, the laggards included Nifty Media and Nifty Auto.

Within the Nifty 50, the leading gainers were ONGC, Titan, and Tata Consumer Products, while the top losers were Bajaj Auto, Hero MotoCorp, and Apollo Hospitals.

The market breadth remained firmly positive, with 1,655 stocks advancing against 621 declining, reflecting improved overall sentiment.

Pre-Market Update at 8:30 AM: On Monday, Wall Street ended the day on a strong note, driven by gains in semiconductor stocks and optimism over a potential easing in trade policies under the incoming administration. This rally lifted the S&P 500 and Nasdaq Composite to their highest levels in over a week.

The Dow Jones Industrial Average slipped slightly by 25.57 points or 0.06 per cent to settle at 42,706.56. Meanwhile, the S&P 500 rose 32.91 points or 0.55 per cent to 5,975.38, and the Nasdaq Composite climbed 243.30 points or 1.24 per cent to close at 19,864.98.

Asian markets followed Wall Street's positive momentum on Tuesday, with technology stocks leading the way. Most major indices advanced, signaling robust investor sentiment.

GIFT Nifty indicates a promising start for Indian markets, with trends pointing to an uptick of around 100 points or 0.42 per cent. Nifty futures were trading near the 23,769 mark at 7:00 AM IST.

On January 6, Indian markets faced a sharp decline as concerns over the Human Metapneumovirus (HMPV) weighed heavily on sentiment. The Sensex plunged 1,258.12 points or 1.59 per cent to close at 77,964.99, while the Nifty tumbled 388.70 points or 1.62 per cent to finish at 23,616.05.

The U.S. dollar remained firm early Tuesday, trading near a one-week low against major peers, as speculation about softer trade tariffs under the President-elect provided mixed signals to the currency markets. The U.S. Dollar Index hovered near 110.12.

Crude oil prices fell further, with WTI crude futures trading around USD 73.2 per barrel, extending losses amid a technical correction. Bearish economic data from the U.S. and Germany dampened sentiment, outweighing factors like colder weather-driven demand and Saudi Arabia's price hikes for Asian buyers.

Foreign institutional investors (FIIs) were net sellers on January 6, offloading equities worth Rs 2,575 crore. On the other hand, domestic institutional investors (DIIs) were net buyers, purchasing equities worth Rs 5,749 crore, continuing their trend of robust inflows.

Hindustan Copper, Manappuram Finance, and RBL Bank are under F&O trading ban today.

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