Sensex & Nifty 50 End Slightly in Red, Smallcap Index Down Over 0.35 Per Cent

The Nifty 50 ended marginally lower by 0.06 per cent at 23,031.40, while the Sensex shed 0.04 per cent to close at 76,138.97.

Market Update 3:30 PM: Indian equity markets concluded today's session with minor losses, reversing the positive trend seen in the first half of the day. The Nifty 50 ended marginally lower by 0.06 per cent at 23,031.40, while the Sensex shed 0.04 per cent to close at 76,138.97.

Broader market indices witnessed some selling pressure. The Nifty Midcap 150 edged up 0.16 per cent to 18,796.80, whereas the Nifty Smallcap 250 declined by 0.35 per cent to 14,997.50.

Market volatility saw a slight uptick, with the India VIX rising by 0.40 per cent to 14.96.

On the sectoral front, a mixed picture emerged. Nifty Pharma (1.35 per cent), Nifty Metal (0.82 per cent), and Nifty Realty (0.81 per cent) were the top sectoral gainers. On the other hand, Nifty IT (-1.00 per cent), Nifty FMCG (-0.79 per cent) and Nifty Auto (-0.28 per cent) were among the prominent sectoral laggards.

Within the Nifty 50 index, Tata Steel, Sun Pharma and Bajaj Finserv were the top performers, while Adani Enterprises, Hero MotoCorp and Infosys were the major decliners.

Market breadth turned negative in the latter half of the session, with 1,353 advances and 1,472 declines, indicating a shift in investor sentiment.

Market Update 1:10 PM: Indian equity markets are holding onto their gains in afternoon trade today, building on the positive momentum seen in the morning session. The Nifty 50 has risen by 0.60 per cent to 23,183.40, while the Sensex has gained 0.56 per cent to reach 76,598.70.

Broader market indices are exhibiting strength as well. The Nifty Midcap 150 has advanced 1.02 per cent to 18,957.90, and the Nifty Smallcap 250 has climbed 0.62 per cent to 15,144.35.

Market volatility has eased further, with the India VIX down 2.40 per cent to 14.54.

Sectorally, a majority of sectors are trading in positive territory. Nifty Metal (1.80 per cent), Nifty Pharma (2.08 per cent), and Nifty Realty (1.75 per cent) are the leading sectoral gainers. Conversely, Nifty IT (-0.25 per cent) and Nifty FMCG (-0.05 per cent) are among the few sectors experiencing some selling pressure.

Within the Nifty 50 index, Tata Steel, Sun Pharma and Bajaj Finance are the top performers, while Adani Enterprises, Hero MotoCorp and Infosys are the major laggards.

Market breadth is strongly positive, with 1,812 advances and 872 declines, indicating a healthy bullish sentiment prevailing among investors.

Market Update 9:50 AM: Indian equity markets reversed yesterday's selling pressure and are trading significantly higher in early trade today. The Nifty 50 has increased by 0.36 per cent to 23,128.50, while the Sensex has risen by 0.36 per cent to 76,446.28.

Broader market indices are also witnessing substantial gains. The Nifty Midcap 150 has climbed 1.01 per cent to 18,956.60, and the Nifty Smallcap 250 has advanced 0.71 per cent to 15,157.30.

Market volatility has decreased, with the India VIX down 0.85 per cent to 15.02.

Sectorally, most sectors are in the green. Nifty Metal (1.71 per cent), Nifty Pharma (1.68 per cent), and Nifty Media (1.29 per cent) are the top sectoral gainers. On the other hand, Nifty IT (-0.20 per cent) and Nifty FMCG (-0.04 per cent) are the only sectoral laggards.

Among Nifty 50 constituents, Tata Steel, Cipla and BEL are the top performers, while Tech Mahindra, Tata Consumer Products and Hero MotoCorp are the major draggers.

Market breadth is strongly positive, with 1,649 advances and 725 declines, reflecting a bullish sentiment among investors.

Market Update 8:15 AM: U.S. stock markets closed lower on Wednesday as a stronger-than-expected inflation report fueled concerns that the Federal Reserve might delay interest rate cuts. The S&P 500 slipped 16.53 points, or 0.27 per cent, settling at 6,051.97. The Dow Jones Industrial Average dropped 221.52 points, or 0.50 per cent, ending at 44,368.56, while the Nasdaq Composite edged up by 5.09 points, or 0.03 per cent, to close at 19,649.95.

Asian markets saw gains as renewed diplomatic discussions between the U.S. and Russia raised hopes for a resolution to the Ukraine conflict. Additionally, improving sentiment around Chinese equities supported the rally.

The GIFT Nifty indicated a subdued opening for Indian markets, with Nifty futures trading at 23,108.5 around 7:10 AM IST.

Indian equities extended their losing streak to a sixth consecutive session on February 12. Despite a sharp intraday recovery, indices ended marginally lower as investors remained cautious about global trade tensions and the upcoming U.S. inflation data. The Sensex closed 122.52 points, or 0.16 per cent, lower at 76,171.08, while the Nifty ended down 26.55 points, or 0.12 per cent, at 23,045.25.

U.S. Treasury yields saw little movement in early Thursday trade, with the 10-year yield at 4.61 per cent and the 2-year yield holding at 4.34 per cent.

The U.S. dollar remained stable at 107.96, hovering near a one-week high against the Japanese yen after the inflation report. Meanwhile, the euro found support on news that the U.S. planned diplomatic discussions with Russia to negotiate an end to the Ukraine war.

WTI crude oil prices held steady at USD 71.20 per barrel, extending losses from the previous session. Market sentiment remained cautious following discussions between U.S. President Donald Trump and Russian President Vladimir Putin, which fueled speculation that a diplomatic resolution could ease supply risks from Russia, a key oil exporter.

Foreign Institutional Investors (FIIs) continued their selling spree for the sixth consecutive session on February 12, offloading equities worth Rs 4,969 crore. Meanwhile, Domestic Institutional Investors (DIIs) provided some cushion, purchasing stocks worth Rs 5,929 crore on the same day.

Manappuram Finance remains on the F&O ban list today.

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