Benchmark Indices Crash, Sensex Closes Below 76,000; Nifty 50 Down 1.37 Per Cent
The Sensex dropped 1.6 per cent to settle at 75,838.36, while the Nifty 50 fell 1.37 per cent to end at 23,024.65.
Market Update at 3:30 PM: Indian equity markets declined on Tuesday as market sentiment weakened after Trump announced new trade tariffs. The Sensex dropped 1.6 per cent to settle at 75,838.36, while the Nifty 50 fell 1.37 per cent to end at 23,024.65.
Broader indices also witnessed losses, with the Nifty Midcap 150 slipping 1.99 per cent to 19,946.30, and the Nifty Smallcap 250 declining 2.12 per cent to 16,484.10.
Volatility spiked as the India VIX rose 3.89 per cent to 17.06, reflecting increased uncertainty in the market.
Among sectoral indices, Nifty FMCG, Nifty Healthcare, and Nifty Metal displayed resilience and emerged as the top outperformers. On the contrary, Nifty Realty, Nifty Consumer Durables, and Nifty Financial Services underperformed significantly.
In the Nifty 50 pack, Apollo Hospitals led the gainers, advancing 2.13 per cent to Rs 6,925. Tata Consumer Products followed, adding 1.22 per cent to Rs 972, while BPCL edged up 1.10 per cent to Rs 280.35. On the losing side, Trent plunged 6 per cent to Rs 5,724.75, NTPC dropped 3.44 per cent to Rs 324.50, and Adani Ports declined 3.29 per cent to Rs 1,110.90.
Market breadth was negative, with 715 stocks advancing against 2,095 stocks declining on the NSE, indicating broad-based selling pressure.
Market Update at 12:30 PM: After trading in losses earlier in the session, benchmark indices managed to rebound around 11:45 AM and briefly traded in the green, with Nifty 50 reaching a high point with gains of 0.35 per cent.
However, the momentum could not be sustained, and as of now, Nifty 50 and Sensex are both down. At midday, Nifty 50 is down by 0.86 per cent, while Sensex has dipped by 1.11 per cent.
The broader market indices are all in the red, with Nifty Next 50, Nifty Midcap 50, and Nifty Smallcap 100 each seeing declines of over 1 per cent. Nifty Midcap 150 and Nifty Smallcap 250 have dropped by 1.51 per cent and 1.60 per cent, respectively, as market breadth remains weak.
Among sectoral indices, Nifty FMCG has shown some resilience, gaining 0.11 per cent, while Nifty Healthcare and Nifty IT sectors have remained flat. On the flip side, Nifty Realty has been the biggest underperformer, followed by Nifty Consumer Durables and Nifty PSU Bank.
Among the top Nifty 50 performers, Apollo Hospitals, Ultratech Cement and BPCL were the Top Gainers. Trent, Adani Ports and M&M were the biggest laggards
Market breadth remains weak with 770 advances and 1,921 declines, indicating widespread selling pressure across sectors.
Market Update at 9:45 AM: Indian equity markets opened on a subdued note, mirroring global uncertainty. Domestically, cautious investor sentiment led to the Sensex slipping by 0.20 per cent to 76,916.68, while the Nifty 50 remained largely flat, inching up by just 0.01 per cent to trade at 23,347.05.
Broader indices displayed a mixed performance. The Nifty Midcap 150 declined by 0.14 per cent to 20,323.10, whereas the Nifty Smallcap 250 edged up by 0.13 per cent to 16,863.05.
The volatility index, India VIX, surged by 2.75 per cent to settle at 16.87, reflecting heightened uncertainty in the market.
Among sectoral indices, Nifty Metal, Nifty Media, and Nifty Healthcare were the top gainers. Conversely, Nifty Realty, Nifty Consumer Durables, and Nifty Private Bank emerged as the biggest laggards, dampening the overall market sentiment.
In the Nifty 50, Apollo Hospitals, BPCL, and Shriram Finance were the top performers. On the downside, Trent, Adani Enterprises, and Adani Ports led the losers.
The market breadth remained positive, with 1,646 stocks advancing compared to 732 stocks declining, indicating selective buying interest amidst cautious optimism.
Market Update 8:15 AM: On Monday, US markets remained closed in observance of Martin Luther King Jr. Day. Early Tuesday saw Asian stocks reverse earlier gains after US President Donald Trump announced plans to impose tariffs on Canada and Mexico starting February 1.
The GIFT Nifty indicated a promising start for the Indian market. At 7:20 AM IST, Nifty futures were trading higher at 23,411.00, suggesting positive momentum.
The Indian equity market opened the week on a strong note, recovering losses from the prior session. Gains of 0.5 per cent, led by financials, power, and telecom sectors, bolstered indices.
At the close, the Sensex added 454.11 points or 0.59 per cent to settle at 77,073.44, while the Nifty advanced 141.55 points or 0.61 per cent to finish at 23,344.75.
Treasury yields continued to decline, with the 10-Year yield dropping 171 basis points to 4.54 per cent, and the 2-Year yield shedding 119 basis points to 4.24 per cent.
The dollar index weakened by 0.7 per cent, trading at 108.50 in early Tuesday trade.
WTI crude futures remained subdued below Rs 76.9 per barrel on Monday. Markets responded to US President Donald Trump's commitment to boost domestic crude production, including potential emergency measures to accelerate energy output.
Foreign Institutional Investors (FIIs) continued their selling streak, offloading equities worth Rs 4,336 crore on January 20. Meanwhile, Domestic Institutional Investors (DIIs) countered with net purchases worth Rs 4,322 crore.
Aditya Birla Fashion and Retail, Angel One, Bandhan Bank, Kalyan Jewellers, Can Fin Homes, Manappuram Finance, L&T Finance, and RBL Bank remain under the F&O ban for today.
Disclaimer: The article is for informational purposes only and not investment advice.