Sensex & Nifty 50 Maintain Gains in Midday Trade

The Sensex edged up by 0.37 per cent, currently trading at 76,610.67, while the Nifty 50 rose by 0.41 per cent to stand at 23,181.25.

Market Update at 12:15 PM: The equity markets continued to trade positively in midday trade, sustaining their morning momentum. The Sensex edged up by 0.37 per cent, currently trading at 76,610.67, while the Nifty 50 rose by 0.41 per cent to stand at 23,181.25.

In the broader market indices, the Nifty Midcap 150 advanced by 1.82 per cent to 19,813.10, while the Nifty Smallcap 250 climbed by 1.33 per cent, settling at 16,375.20. Market volatility eased further, with the India VIX declining by 1.79 per cent to 15.71, signaling reduced uncertainty.

Among the sectoral indices, Nifty Metal, Nifty PSU Bank, and Nifty Financial Services Ex-Bank emerged as the Top Gainers, recording robust performance. Conversely, Nifty IT, Nifty FMCG, and Nifty Consumer Durables were the key laggards, registering declines.

Within the Nifty 50, Adani Enterprises, Adani Ports and NTPC were the top gainers. On the other hand, HCL Tech, Hindustan Unilever and Titan were the key underperformers.

The overall market breadth was positive, with 1,995 stocks advancing against 699 declining.

Market Update at 9:40 AM: The equity markets opened on a positive note this morning, recovering from recent declines. The Sensex has risen by 0.38 per cent, trading at 76,620.69, while the Nifty 50 climbed 0.30 per cent to stand at 23,155.30.

In the broader market indices, the Nifty Midcap 150 advanced by 0.94 per cent to 19,640.55, while the Nifty Smallcap 250 saw a modest increase of 0.19 per cent, settling at 16,190.25. Market volatility eased slightly, with the India VIX edging lower by 0.62 per cent to 15.90, indicating reduced uncertainty.

Among the sectoral indices, Nifty Auto, Nifty Metal, and Nifty PSU Bank emerged as the top gainers, showcasing strong momentum. Conversely, Nifty IT, Nifty FMCG, and Nifty Consumer Durables were the key underperformers, registering declines.

Within the Nifty 50, Adani Enterprises led the pack of top performers, followed by Tata Motors and NTPC. On the other hand, HCL Tech was the worst performer, with Tech Mahindra and Wipro also among the key laggards.

The overall market breadth was positive, with 1,470 stocks advancing against 909 declining, reflecting renewed optimism among market participants.

Market Update 8:15 AM: On Monday, the Nasdaq ended lower, while the S&P 500 managed to rebound from a two-month trough with a modest uptick, as U.S. Treasury yields remained elevated. Investors moderated their hopes for swift rate cuts by the Federal Reserve. The Dow Jones Industrial Average climbed 358.67 points, or 0.86 per cent, to settle at 42,297.12. The S&P 500 added 9.18 points, or 0.16 per cent, closing at 5,836.22. Meanwhile, the Nasdaq Composite dropped 73.53 points, or 0.38 per cent, to finish at 19,088.10.

On Tuesday morning, Japanese indices recorded significant losses, mirroring the negative sentiment in global markets. However, Chinese and Hong Kong indices traded positively, posting gains of up to 1 per cent.

The GIFT Nifty reflected strength, suggesting a positive opening for the day. At 7:20 am IST, Nifty futures were trading at 23,272.00.

The U.S. 10-Year Treasury yield declined by 22 basis points to 4.76 per cent, while the 2-Year Treasury yield dropped 10 basis points to 4.37 per cent during early Tuesday trade.

The dollar remained near a two-year high as traders adjusted expectations for U.S. rate cuts in 2025, supported by strong economic data. Meanwhile, concerns surrounding the fiscal health of the UK kept the British pound under pressure.

Oil prices advanced on Monday, with U.S. sanctions on Russian oil anticipated to tighten supply. WTI crude rose almost 3 per cent to reach Rs 78.8 per barrel, following last week’s sharp rally. Similarly, Brent crude climbed to Rs 81 per barrel in Tuesday’s early trade.

Foreign Institutional Investors (FIIs) continued their selling streak for the seventh consecutive session, offloading shares worth Rs 4,892 crore. Conversely, Domestic Institutional Investors (DIIs) remained net buyers, purchasing shares valued at Rs 8,066 crore.

Aarti Industries, Bandhan Bank, Hindustan Copper, Manappuram Finance, L&T Finance, and RBL Bank are under the F&O ban today.

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