Market Gains Momentum in New Year: Sensex Up 0.48 per cent, Nifty Near 23,739
Positive Start to 2025: Indices Edge Higher, Led by Financials and Media
Market Update at 11:30 AM: On the first trading day of the new year, the markets turned positive from their opening. The Sensex increased by 0.48 per cent, trading at 78,507.28, while the Nifty 50 rose by 0.42 per cent, trading near 23,739.
Broader indices displayed mixed sentiments, with the Nifty Midcap 150 dipping by 0.04 per cent to 21,131.00, while the Nifty Smallcap 250 gained 0.53 per cent to 17,847.00. India VIX saw a slight uptick of 2.46 per cent, reaching 14.78, reflecting mild caution in the market.
Within sectoral indices, Nifty Media, Nifty Financial Services, and Nifty Bank led the gains, while Nifty Realty, Nifty Mid Select, and Nifty Metal struggled to perform.
Among Nifty 50 stocks, Apollo Hospitals, M&M, and Asian Paints were the top gainers. On the flip side, Bajaj Auto, Hindalco, and Dr. Reddy's emerged as the leading losers. The market breadth remained positive, with 1,517 stocks advancing, while 739 stocks declined, showcasing a marginally bullish undertone.
Market Update at 9:45 AM: On the first trading day of the new year, the markets opened on a cautious note. The Sensex slipped by 0.10 per cent, trading at 78,060.40, while the Nifty 50 stayed flat, hovering near 23,646.15.
Broader indices displayed mixed sentiments, with the Nifty Midcap 150 inching up by 0.12 per cent to 21,166.85, while the Nifty Smallcap 250 gained 0.39 per cent to 17,821.65. India VIX saw a slight uptick of 0.55 per cent, reaching 14.53, reflecting mild caution in the market.
Within sectoral indices, Nifty Media, Nifty IT, and Nifty FMCG led the gains, while Nifty Realty, Nifty Auto, and Nifty Metal struggled to perform.
Among Nifty 50 stocks, Apollo Hospitals, Adani Enterprises, and Asian Paints were the top gainers. On the flip side, Bajaj Auto, ICICI Bank, and Dr. Reddy's emerged as the leading losers. The market breadth remained positive, with 1,735 stocks advancing, while 657 stocks declined, showcasing a bullish undertone.
Pre-Market Update at 8:15 AM: On Tuesday, Wall Street closed lower as light trading volumes marked the holiday-shortened week. The Dow Jones slipped by 0.97 per cent, the S&P 500 fell by 1.07 per cent, and the Nasdaq Composite declined by 1.21 per cent, with all three indices ending the session in the red.
The GIFT Nifty points to a weak opening for Indian markets, with Nifty futures trading at 23,661.50, down by 174.50 points or 0.7 per cent as of 7:32 AM IST.
The US 10-year Treasury yield dropped by 9 basis points to 4.54 per cent, while the 2-year Treasury yield dipped slightly by 1 basis point to 4.244 per cent in Monday’s early trade.
Oil prices gained in thin trading. Brent crude rose by 0.4 per cent to trade above Rs 74 per barrel, and US WTI crude climbed by 0.7 per cent, supported by signs of growth in China’s manufacturing activity for the third month in a row. However, traders remain cautious about a potential supply glut in the coming year.
Foreign institutional investors (FIIs) were net sellers on December 31, offloading equities worth Rs 4,645 crore, while domestic institutional investors (DIIs) continued their buying spree, purchasing shares worth Rs 4,546 crore.
No stocks are under the F&O trading ban for today.
Disclaimer: The article is for informational purposes only and not investment advice.