Benchmark Indices Rise for Third Consecutive Day; Sensex Closes Above 77,000, Nifty 50 Above 23,300

The Sensex climbed 0.42 per cent to close at 77,042.82, while the Nifty 50 advanced 0.42 per cent to settle at 23,311.80.

Market Update at 3:30 PM: Indian equity markets extended their winning streak on Thursday, as the benchmark indices ended in the green for the third consecutive session. The Sensex climbed 0.42 per cent to close at 77,042.82, while the Nifty 50 advanced 0.42 per cent to settle at 23,311.80.

Broader indices also delivered positive returns, with the Nifty Midcap 150 gaining 1.09 per cent to end at 20,172.65 and the Nifty Smallcap 250 rising 1.21 per cent to 16,707.90.

However, market volatility edged higher, with the India VIX increasing 1.35 per cent to 15.47, reflecting a slight uptick in uncertainty.

Among sectoral indices, Nifty PSU Bank, Nifty Financial Services 25/50, and Nifty Metal were the top performers, whereas Nifty FMCG, Nifty IT, and Nifty Pharma emerged as the day's laggards.

In the Nifty 50 basket, HDFC Life, BEL and SBI Life were the Top Gainers. On the downside, Trent, Dr. Reddy’s and HCL Technologies were the laggards.

Market breadth remained firmly positive, with 2,083 stocks advancing against 699 declining on the NSE.

Market Update at 1:00 PM: The equity markets demonstrated a positive trend during today’s midday session, with major indices extending their gains. The Sensex climbed by 0.47 per cent to trade at 77,087.20, while the Nifty 50 advanced by 0.48 per cent, currently positioned at 23,324.25.

In the broader market, the Nifty Midcap 150 surged by 1.10 per cent to settle at 20,174.40, and the Nifty Smallcap 250 gained 1.09 per cent, trading at 16,688.20.

Market sentiment remained optimistic as volatility continued to decline, with the India VIX easing by 0.58 per cent to 15.35, signaling reduced uncertainty in the trading environment.

Among the sectoral indices, Nifty PSU Bank, Nifty Financial Services 25/50, and Nifty Realty emerged as the top-performing sectors, recording robust gains. On the other hand, Nifty FMCG, Nifty IT, and Nifty Pharma lagged behind, posting notable declines.

Within the Nifty 50, HDFC Life, BEL, and Shriram Finance were the top gainers, witnessing strong buying activity. Conversely, Dr. Reddy’s, Trent, and Tata Consumer Products were the major underperformers.

The overall market breadth was positive, with 2,035 stocks advancing against 575 stocks declining.

Market Update at 9:45 AM: Indian equity markets opened on a positive note, bolstered by strong global cues. Wall Street's benchmark indices surged overnight, and U.S. Treasury yields retreated after softer-than-anticipated core inflation readings fueled expectations of at least two rate cuts by the Federal Reserve this year.

This optimism spilled over into domestic markets, with the Sensex gaining 0.41 per cent to trade at 77,035.33, and the Nifty 50 advancing by 0.50 per cent to 23,330.35.

Broader indices also showcased an upbeat performance. The Nifty Midcap 150 surged 1.60 per cent to 20,275.35, while the Nifty Smallcap 250 increased by 1.51 per cent, reaching 16,757.75.

The volatility index, India VIX, witnessed a decline of 1.24 per cent, settling at 15.07, indicating improved investor sentiment.

Among sectoral indices, Nifty PSU Bank, Nifty Media, and Nifty Realty emerged as the top performers. Conversely, Nifty FMCG, Nifty Healthcare, and Nifty Consumer Durables were the laggards.

Within the Nifty 50, HDFC Life, SBI Life, and Adani Ports were the top gainers. On the flip side, Tata Consumer Products, Hindustan Unilever, and Cipla were the leading laggards.

The market breadth remained strongly positive, with 2,106 stocks advancing compared to 262 stocks declining, reflecting widespread buying interest across sectors.

Market Update 8:15 AM: U.S. stocks surged on Wednesday, delivering the largest daily percentage gains across major indices in over two months. The rally was driven by lower-than-expected December core inflation data and robust earnings reports from key U.S. banks.

The Dow Jones Industrial Average jumped 703.27 points, or 1.65 per cent, to close at 43,221.55. The S&P 500 advanced by 107.00 points, or 1.83 per cent, ending at 5,949.91, while the Nasdaq Composite climbed 466.84 points, or 2.45 per cent, to 19,511.23.

Asian markets mirrored Wall Street’s upward momentum on Thursday, as softer U.S. core inflation bolstered hopes for Federal Reserve rate cuts within the year.

The GIFT Nifty indicated a strong opening for Indian markets, with Nifty futures trading at 23,400 as of 7:20 am IST.

Indian equity benchmarks marked their second straight day of gains on January 15, driven by buying interest in IT, metal, power, and realty stocks. The Sensex rose by 224.45 points, or 0.29 per cent, to close at 76,724.08, while the Nifty gained 37.15 points, or 0.16 per cent, finishing at 23,213.20.

The U.S. 10-Year Treasury yield increased by 22 basis points to 4.66 per cent, while the 2-Year Treasury yield climbed 25 basis points to 4.27 per cent during early Wednesday trading.

The dollar index slipped slightly to 109.01 against a basket of major currencies in early trade.

WTI crude oil prices climbed above $80 per barrel, nearing mid-2022 highs, driven by global supply concerns and U.S. sanctions on Russia and Iran. EIA data revealed an eight-week drop in U.S. crude inventories, while a ceasefire between Israel and Hamas eased regional risks. OPEC projected steady oil demand growth through 2026.

Foreign Institutional Investors (FIIs) continued their selling spree for the ninth consecutive day on January 15, offloading shares worth Rs 4,533.49 crore. On the other hand, Domestic Institutional Investors (DIIs) purchased equities amounting to Rs 3,682.54 crore.

Aarti Industries, Aditya Birla Fashion and Retail, Angel One, Bandhan Bank, Kalyan Jewellers, Hindustan Copper, Manappuram Finance, L&T Finance, and RBL Bank are under the F&O trading ban on the NSE.

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