Sensex and Nifty 50 Trade with Gains, Midcap & Smallcap Indices Continue in Red with Losses up to 2.47 Per Cent
The Sensex rose by 0.40 per cent, trading at 75,666.49, while the Nifty 50 inched higher by 0.27 per cent to 22,891.10.
Market Update at 9:40 AM: Indian equity markets began today's session on a mixed note. The Sensex rose by 0.40 per cent, trading at 75,666.49, while the Nifty 50 inched higher by 0.27 per cent to 22,891.10. However, broader market indices remained under pressure as the Nifty Midcap 150 fell by 1.13 per cent to 18,935.20, and the Nifty Smallcap 250 witnessed a sharper decline of 2.47 per cent, settling at 15,035.75.
The volatility index, India VIX, climbed by 1.66 per cent to 18.44, reflecting growing market uncertainty.
Among sectoral indices, Nifty Bank, Nifty Financial Services, and Nifty IT emerged as the top performers, registering gains of 1.08 per cent, 1.11 per cent, and 0.67 per cent, respectively. On the downside, Nifty Pharma, Nifty Healthcare, and Nifty Consumer Durables were the worst-hit sectors, recording losses of 2.54 per cent, 2.38 per cent, and 1.23 per cent, respectively.
In the Nifty 50, Shriram Finance, ICICI Bank, and Infosys led the gainers with increases of 2.09 per cent, 2 per cent, and 1.87 per cent, respectively. Conversely, Sun Pharma, Dr. Reddy’s Laboratories, and NTPC were the laggards, declining by 3.84 per cent, 2.31 per cent, and 2.27 per cent, respectively.
The market breadth tilted heavily negative, with 1,840 stocks declining against 566 stocks advancing, reinforcing the bearish sentiment in the broader market.
Market Update 8:15 AM: U.S. equities presented a mixed performance on Monday, with the Nasdaq Composite recording its steepest single-day percentage drop since December 18. This was triggered by a selloff in U.S. chipmakers following the debut of a budget-friendly artificial intelligence model from China. The Dow Jones Industrial Average advanced 289.33 points (0.65 per cent) to 44,713.58, while the S&P 500 tumbled 88.96 points (1.46 per cent) to 6,012.28, and the Nasdaq Composite plunged 612.47 points (3.07 per cent) to 19,341.83.
Asian markets opened on a cautious note, with Japanese stocks leading the decline. This followed Wall Street’s technology-led losses, further fueled by skepticism surrounding the sustainability of the AI surge.
The GIFT Nifty signals a positive start for Indian markets today, with Nifty futures trading at 22,925 as of 7:20 am IST.
The Indian equity market kicked off Budget week on a weak footing, closing lower for a second consecutive session on January 27 amid widespread sectoral sell-offs. The Sensex dropped 824.29 points (1.08 per cent) to settle at 75,366.17, while the Nifty briefly fell below 22,800 during intraday trading before recovering slightly to close 263.05 points (1.14 per cent) lower at 22,829.15.
U.S. Treasury yields climbed early Tuesday, with the 10-Year yield adding 40 basis points to 4.55 per cent, and the 2-Year yield increasing 39 basis points to 4.21 per cent.
The dollar index edged up to 107.75, strengthening against all Group-of-10 currencies, after President Donald Trump unveiled additional details regarding his tariff plans. Meanwhile, new Treasury Secretary Scott Bessent is reportedly advocating for incremental global levies.
WTI crude oil futures traded near USD 73.2 per barrel on Tuesday after a significant drop in the prior session. Market participants remained focused on President Trump’s proposed tariffs on goods like steel, aluminum, and copper, which have heightened concerns about potential global demand repercussions.
Foreign Institutional Investors (FIIs) offloaded Indian equities worth Rs 5,015 crore on January 28. On the other hand, Domestic Institutional Investors (DIIs) purchased shares worth Rs 6,642 crore, offering some market stability.
IndiaMART InterMESH, Manappuram Finance, Mahanagar Gas, and Punjab National Bank are under the F&O ban today.
Disclaimer: The article is for informational purposes only and not investment advice.