Markets in Red: Nifty and Sensex Slip as Volatility Rises

The Sensex has dropped by 0.61 per cent, hovering near 77,767.08, and Nifty 50 is down by 0.50 per cent, trading around 23,527.80.

Market Update at 9:45 AM: On Tuesday, markets started on a negative note, with both Nifty and Sensex trading in the red. Sectoral indices displayed mixed trends, with Nifty FMCG and Nifty IT showing resilience, while Nifty Media and Nifty Realty lagged behind.

As of now, the Sensex has dropped by 0.61 per cent, hovering near 77,767.08, and Nifty 50 is down by 0.50 per cent, trading around 23,527.80. The broader indices also mirrored the decline, with the Nifty Midcap 150 slipping 0.76 per cent to 20,948.40 and the Nifty Smallcap 250 down by 0.62 per cent, trading close to 17,529.50.

India VIX rose by 3.04 per cent to 14.40, indicating a slight uptick in market volatility.

Within the sectoral indices, Nifty FMCG, Nifty Pharma, and Nifty IT emerged as the top-performing sectors, while Nifty Media and Nifty Realty were the underperformers.

Among individual stocks in the Nifty 50, BEL, KOTAKBANK, and ONGC were the leading gainers, while INFY, TCS, and TECHM were the Top Losers.

In the broader market, advances were outnumbered by declines, with 790 stocks gaining against 1,568 stocks that traded lower, reflecting a bearish sentiment.

Pre-Market Update at 8:15 AM: On Monday, Wall Street ended on a negative note as trading volumes remained thin during the holiday-shortened week. All three major US indices saw declines of about 1 per cent, with the Dow Jones, S&P 500, and Nasdaq Composite losing 0.97 per cent, 1.07 per cent, and 1.21 per cent, respectively.

The GIFT Nifty indicates a gap-down opening for the domestic market. Nifty futures were trading at 23,661.50, down 174.50 points or 0.7 per cent from Monday’s closing price as of 7:32 AM IST.

The US 10-year Treasury yield slipped 9 basis points to 4.54 per cent, while the 2-year Treasury yield dipped 1 basis point to 4.244 per cent in early Monday trade.

Oil prices edged higher in early trade. Brent crude rose 0.4 per cent to trade above Rs 74 per barrel, while US West Texas Intermediate crude climbed 0.7 per cent. Gains were supported by data showing China’s manufacturing activity expanded for the third consecutive month in December. However, slower growth and concerns over a supply glut next year are keeping traders cautious.

Foreign institutional investors (FIIs) were net sellers on December 30, offloading equities worth Rs 1,893 crore. Meanwhile, domestic institutional investors (DIIs) continued buying, with net purchases amounting to Rs 2,174 crore.

As of December 31, 2024, no stocks are under the F&O segment trading ban.

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