Nifty 50 Closes Above 23,200; VIX Slides 1.37 Per Cent

The Sensex gained 0.29 per cent to settle at 76,724.08, while the Nifty 50 inched up 0.16 per cent to close at 23,213.20.

Market Update at 3:30 PM: Indian equity markets extended their recovery on Wednesday, as key indices ended higher for the second consecutive session amid easing volatility. The Sensex gained 0.29 per cent to settle at 76,724.08, while the Nifty 50 inched up 0.16 per cent to close at 23,213.20.

Broader indices also witnessed gains, with the Nifty Midcap 150 rising 0.36 per cent to 19,955.40 and the Nifty Smallcap 250 advancing 0.52 per cent to 16,508.90.

The India VIX, a gauge of market volatility, declined 1.37 per cent to 15.26, reflecting reduced uncertainty.

Among sectoral indices, Nifty Realty, Nifty IT and Nifty MidSmall Financial Services were the Top Gainers. Conversely, the Nifty Healthcare and Nifty Media were the Top Losers.

In the Nifty 50 pack, NTPC led the gainers, surging 4.01 per cent to Rs 322.85. Trent followed with a gain of 3.86 per cent to Rs 6,399, and Power Grid rose 2.88 per cent to Rs 298.60.

On the downside, Mahindra & Mahindra was the top loser, shedding 2.90 per cent to Rs 2,961, trailed by Axis Bank, down 2.53 per cent to Rs 1,025, and Bajaj Finserv, which declined 2.26 per cent to Rs 1,674.80.

The market breadth was moderately positive, with 1,535 stocks advancing against 1,252 declining on the NSE, highlighting steady buying interest across sectors.

Market Update at 1:20 PM: The equity markets exhibited a mixed trend during the midday session, with key indices struggling to hold their ground. The Sensex marginally edged up by 0.09 per cent to trade at 76,566.88, while the Nifty 50 slipped slightly by 0.01 per cent, currently positioned at 23,174.35.

In the broader indices, the Nifty Midcap 150 rose by 0.47 per cent, settling at 19,975.90, and the Nifty Smallcap 250 climbed by 0.66 per cent to stand at 16,531.30. Market volatility eased further, with the India VIX declining by 0.33 per cent to 15.42, signaling reduced uncertainty in the trading environment.

Among the sectoral indices, Nifty Realty, Nifty MidSmall Financial Services, and Nifty IT emerged as the top-performing sectors, showcasing robust gains. In contrast, Nifty MidSmall Healthcare, Nifty Pharma, and Nifty Media lagged, registering notable declines.

Within the Nifty 50, Trent, PowerGrid, and NTPC were the top gainers, witnessing strong buying interest. On the other hand, M&M, Axis Bank, and Bajaj Finserv were the leading underperformers.

The overall market breadth remained positive, with 1,708 stocks advancing against 999 declining.

Market Update at 9:45 AM: The equity markets maintained a positive trajectory in early trade today, building on the optimism observed yesterday. The Sensex edged up by 0.25 per cent, trading at 76,695.15, while the Nifty 50 gained 0.11 per cent to stand at 23,201.40.

Broader indices reflected mixed sentiments, with the Nifty Midcap 150 dipping slightly by 0.07 per cent to 19,870.40, and the Nifty Smallcap 250 managing a marginal rise of 0.03 per cent to 16,427.30.

Market volatility saw a slight uptick, with the India VIX rising by 0.64 per cent to 15.57, hinting at a mild increase in uncertainty.

Among the sectoral indices, Nifty Oil & Gas, Nifty Media, and Nifty Metal emerged as the leading gainers, showcasing notable momentum. Conversely, Nifty Healthcare, Nifty Pharma, and Nifty Consumer Durables were the primary laggards, recording declines.

Within the Nifty 50 constituents, Maruti Suzuki, NTPC and Adani Ports were the top gainers. On the other hand, Bajaj Finserv, Shriram Finance and Bajaj Finance were the top losers.

The market breadth was nearly even, with 1,179 stocks advancing against 1,150 stocks declining, reflecting cautious optimism among market participants.

Market Update 8:15 AM: U.S. equities closed mixed on Tuesday as investors navigated a volatile session, assessing inflation data and anticipating quarterly earnings to gauge stock valuations and economic strength. The Dow Jones Industrial Average gained 221.16 points, or 0.52 per cent, to 42,518.28, while the S&P 500 rose 6.69 points, or 0.11 per cent, to 5,842.91. In contrast, the Nasdaq Composite slipped 43.71 points, or 0.23 per cent, to 19,044.39.

Asian markets presented a mixed picture, reflecting the subdued sentiment from U.S. equities. Traders are focused on upcoming inflation data that could clarify the Federal Reserve's approach to interest rates in the coming months.

The GIFT Nifty signaled a positive opening for the Indian markets, with Nifty futures trading at 23,308.50 at 7:20 am IST.

Indian equity markets ended a four-day losing streak on January 14, closing higher amid broad-based sectoral buying, except for IT and FMCG. The Sensex gained 169.62 points, or 0.22 per cent, to close at 76,499.63, while the Nifty rose 90.10 points, or 0.39 per cent, to settle at 23,176.05.

The U.S. 10-Year Treasury yield fell 17 basis points to 4.78 per cent, and the 2-Year Treasury yield declined 10 basis points to 4.36 per cent in early Wednesday trading.

The dollar index remained flat at 109.21 against a basket of major currencies during early Wednesday trade.

Oil prices climbed after retreating from a five-month peak on Tuesday. A tentative cease-fire agreement between Hamas and Israel helped ease concerns about supply disruptions from Russia and Iran.

Foreign Institutional Investors (FIIs) sold shares worth Rs 8,132 crore on January 14, marking a substantial outflow. Meanwhile, Domestic Institutional Investors (DIIs) purchased equities valued at Rs 7,901 crore.

Aarti Industries, Angel One, Bandhan Bank, Hindustan Copper, L&T Finance, and RBL Bank are on the F&O ban list on the NSE.

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