Sensex & Nifty 50 Edge Higher, Broader Indices Decline Upto 1.88 Per Cent
The Nifty 50 is up 0.20 per cent at 23,077.75, and the Sensex has gained 0.32 per cent to reach 76,380.49.
Market Update 10:25 AM: Indian equity markets are showing mixed trends in mid-morning trade today. While the benchmark indices are holding onto gains, broader market indices are experiencing significant losses. The Nifty 50 is up 0.20 per cent at 23,077.75, and the Sensex has gained 0.32 per cent to reach 76,380.49.
However, broader market indices are under pressure. The Nifty Midcap 150 has fallen by 1.15 per cent to 18,579.80, and the Nifty Smallcap 250 has declined by 1.88 per cent to 14,715.60.
Market volatility has decreased, with the India VIX down 2.05 per cent to 14.65.
Sectorally, the picture is mixed. Nifty FMCG (1.05 per cent) and Nifty IT (0.25 per cent) are among the top sectoral gainers, along with Nifty Financial Services(0.23 per cent). Conversely, Nifty Pharma (-2.18 per cent), Nifty Healthcare Index (-2.02 per cent) and Nifty Smallcap 50 (-1.98 per cent) are the leading sectoral laggards.
Within the Nifty 50, Hindustan Unilever, Nestle India, and ITC are the top performers. Adani Enterprises, Adani Ports and BEL are the major draggers.
Market breadth is strongly negative, with 620 advances and 1,924 declines, indicating bearish sentiment prevailing among investors.
Market Update 8:15 AM: U.S. stock markets ended mixed on Wednesday as a stronger-than-expected inflation report dampened hopes for an imminent interest rate cut by the Federal Reserve. The S&P 500 declined 16.53 points, or 0.27 per cent, settling at 6,051.97. The Dow Jones Industrial Average lost 221.52 points, or 0.50 per cent, finishing at 44,368.56, while the Nasdaq Composite inched up 5.09 points, or 0.03 per cent, to end at 19,649.95.
Asian markets opened on a weaker note on Friday, shrugging off the gains seen on Wall Street overnight. Investors remained cautious as U.S. President Donald Trump approved a reciprocal tariff policy, though its enforcement was deferred.
The GIFT Nifty signaled a positive opening for Indian markets, with Nifty futures trading at 23,197 around 7:10 AM IST.
Indian markets faced another turbulent session, with the Sensex and Nifty extending their losing streak to a seventh consecutive day—the longest stretch of declines in three months. After opening on a flat-to-positive note, key indices gained momentum as investor sentiment improved, aided by cooling retail inflation and falling crude prices. However, profit-booking in the latter half of the session erased most gains, leading to a marginally negative close.
Yields on U.S. Treasury bonds showed little movement early Thursday, with the 10-year yield steady at 4.53 per cent and the 2-year yield holding near 4.3 per cent.
The U.S. dollar remained firm at 107.08 on Friday as investors weighed the potential implications of Washington's reciprocal tariffs, which have yet to take effect. A softer-than-expected U.S. producer price report also helped ease inflation concerns.
WTI crude oil futures edged higher to around USD 71.4 per barrel on Friday, supported by the delay in implementing President Donald Trump’s reciprocal tariff measures. The postponement allows room for negotiations with trade partners, helping stabilize market sentiment.
Gold prices surged past USD 2,925 per ounce on Thursday, setting a fresh record high. The gains came as Trump’s proposed reciprocal tariffs heightened global trade uncertainties, prompting investors to seek safety in gold.
Foreign Institutional Investors (FIIs) continued their selling streak for the seventh consecutive session, offloading equities worth Rs 2,789.91 crore on February 13. Meanwhile, Domestic Institutional Investors (DIIs) stepped in as net buyers, purchasing stocks worth Rs 2,934 crore on the same day.
Manappuram Finance remains under the F&O ban list today.
Disclaimer: The article is for informational purposes only and not investment advice.