New Year Market Wrap: Benchmark indices end higher; Nifty Auto leads the charge

Sensex climbed by 0.47 per cent to settle at 78,507.41, while Nifty 50 advanced 0.41 per cent to close at 23,742.90.

Market Update at 3:45 PM: On Wednesday, benchmark indices wrapped up the session on a positive note. Sensex climbed by 0.47 per cent to settle at 78,507.41, while Nifty 50 advanced 0.41 per cent to close at 23,742.90. In the broader market, Nifty Midcap 150 gained 0.50 per cent to finish at 21,246.50, and Nifty Smallcap 250 surged 0.88 per cent to end at 17,908.80.

India VIX, a measure of market volatility, inched up by 0.41 per cent to settle at 14.51, reflecting a slight increase in uncertainty.

Among sectoral indices, Nifty Auto stood out with a 1.34 per cent gain, followed by Nifty Media and Nifty Oil & Gas, which rose by 0.81 per cent and 0.74 per cent, respectively. On the flip side, Nifty Realty, and Nifty Metal recorded losses of 1.11 per cent and 0.12 per cent, lagging the broader market.

The market breadth remained positive, with 2,048 stocks advancing compared to 766 stocks declining.

Market Update at 2:30 PM: During the ongoing trading session, benchmark indices are showing a positive trend, with the Sensex up by 0.64 per cent and the Nifty up by 0.58 per cent. In the broader market, the Nifty Midcap rose by 0.33 per cent, while the Nifty Smallcap rose by 0.92 per cent.

India VIX declined by 0.10 per cent and is trading around 14.45, indicating a fall in market volatility.

In the sectoral landscape, Nifty Auto, Nifty Bank, and Nifty Media emerged as top gainers, while Nifty Realty and Nifty Metal sectors are underperforming.

Top gainers in individual stocks are MARUTI, M&M, and INDUSINDBK, while DRREDDY, HINDALCO, and ADANIPORTS are among the Top Losers in the Nifty 50.

The broader market sentiment is positive, with 1,825 stocks advancing compared to 584 stocks declining.

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, markets opened on a cautious note. Sensex slipped by 0.10 per cent, trading at 78,060.40, while Nifty 50 stayed flat, hovering near 23,646.15.

Broader indices displayed mixed sentiments, with Nifty Midcap 150 inching up by 0.12 per cent to 21,166.85, while 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 1,517 stocks advancing, while 739 stocks declined, showcasing a marginally 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 0.97 per cent, the S&P 500 fell 1.07 per cent, and the Nasdaq Composite declined 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 174.50 points or 0.7 per cent as of 7:32 AM IST.

The US 10-year Treasury yield dropped 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 0.4 per cent to trade above Rs 74 per barrel, and US WTI crude climbed 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.