Nifty 50 & Sensex Show Mixed Performance, Midcap & Smallcap Indices Gain Up to 1.39 Per Cent
The Sensex dipped marginally by 0.10 per cent to 78,505.98, while the Nifty 50 edged up 0.06 per cent to 23,753.70.
Market Update at 9:55 AM: Indian equity markets exhibited a mixed trend in early trade as broader indices maintained their upward momentum, while the benchmark indices showed subdued movement.
At 9:55 AM, the Sensex dipped marginally by 0.10 per cent to 78,505.98, while the Nifty 50 edged up 0.06 per cent to 23,753.70. The broader market maintained its positive trend, with the Nifty Midcap 150 climbing 0.93 per cent to 20,034.20, and the Nifty Smallcap 250 advancing 1.39 per cent to 16,077.05. Meanwhile, market volatility increased slightly, as indicated by the India VIX, which rose 0.57 per cent to 14.10, reflecting investor caution.
Among sectoral indices, Nifty Oil & Gas, Nifty PSU Bank, and Nifty Media emerged as the top performers, gaining 1.60 per cent, 1.58 per cent, and 1.51 per cent, respectively. On the other hand, Nifty FMCG led the underperformers with a decline of 0.90 per cent, followed by Nifty Auto and Nifty Consumer Durables, which slipped 0.40 per cent and 0.43 per cent, respectively.
Within the Nifty 50, BPCL, IndusInd Bank, and Hindalco topped the gainers’ list, advancing by 3.22 per cent, 2.40 per cent, and 2.36 per cent, respectively. Conversely, Asian Paints, Nestle India, and Titan were the biggest laggards, losing 4.29 per cent, 2.94 per cent, and 2.65 per cent, respectively.
The overall market sentiment remained positive, with 1,999 stocks advancing, significantly outpacing 423 declining stocks, suggesting sustained buying interest across various segments.
Market Update 8:15 AM: U.S. equities ended Tuesday’s session on a strong note, with major indices climbing higher as investors reacted positively to a temporary relief on trade tensions. President Donald Trump’s decision to delay the 25 per cent tariffs on Canada and Mexico for a month helped boost sentiment. The Dow Jones Industrial Average advanced 134.13 points, or 0.30 per cent, closing at 44,556.04. The S&P 500 gained 43.31 points, or 0.72 per cent, ending at 6,037.88, while the Nasdaq Composite surged 262.06 points, or 1.35 per cent, finishing at 19,654.02.
Asian markets traded in the green on Wednesday as investors assessed the latest developments in the U.S.-China trade conflict and awaited earnings reports from Wall Street's top technology firms. Chinese markets are set to resume trading.
The GIFT Nifty indicates a positive opening for Indian equities. At approximately 7:15 AM IST, Nifty futures were trading at 23,846.50, pointing to a strong start.
U.S. Treasury yields extended gains, with the 10-year yield climbing 18 basis points to 4.51 per cent, while the 2-year yield increased 15 basis points to 4.22 per cent in early Wednesday trade.
The U.S. dollar index remained relatively stable at 107.91, as investors perceived Trump’s tariff threats as more of a negotiating tool than a definitive action, following his decision to put trade measures against Mexico and Canada on hold.
Crude oil prices continued their downward trajectory, with WTI crude futures hovering below USD 73 per barrel. Traders balanced concerns over the U.S.-China trade dispute against President Trump’s move to reinstate economic pressure on Iran, aiming to curb its oil exports and influence in the region.
After 23 consecutive sessions of selling, Foreign Institutional Investors (FIIs) turned net buyers on February 4, purchasing equities worth Rs 809 crore. In contrast, Domestic Institutional Investors (DIIs), who had been buying for the last 35 sessions, became net sellers, offloading equities worth Rs 430 crore.
No securities are under the F&O ban today.
Disclaimer: The article is for informational purposes only and not investment advice.