Sensex and Nifty 50 Slide Amid Global Weakness, VIX Rises by 8.24 Per Cent

At 12:10 PM, the Sensex was trading lower by 0.86% at 75,534.52, while the Nifty 50 dropped 0.93% to 22,878.20. Market sentiment remained bearish, with significant declines across midcap and smallcap indices.

Market Update at 12:10 PM: The Indian equity markets continued to witness a sharp downturn, weighed down by weak global sentiment and broad-based selling pressure. At 12:10 PM, the Sensex was trading lower by 0.86% at 75,534.52, while the Nifty 50 dropped 0.93% to 22,878.20. Market sentiment remained bearish, with significant declines across midcap and smallcap indices.

The Nifty Midcap 150 dropped by 2.65 per cent to 19,186.60, and the Nifty Smallcap 250 registered a sharp fall of 3.83 per cent, trading at 15,389.15. Meanwhile, the volatility index India VIX surged 8.24 per cent to 18.13, reflecting heightened market uncertainty.

Among sectoral indices, Nifty Realty, Nifty Financial Services and Nifty FMCG stood out as top performers, showcasing resilience despite the downturn. On the other hand, Nifty Media, Nifty Pharma, and Nifty IT were the worst-hit sectors, recording significant losses.

In the Nifty 50, Britannia, ICICI Bank and SBI bank were the Top Gainers. Conversely, Power Grid, Tech Mahindra & Wipro were the worst performers.

The market breadth was significantly negative, with 2,532 stocks declining against only 249 stocks advancing, underlining the bearish momentum.

Market Update at 9:40 AM: Indian equity markets started the day on a negative note, reflecting a weak global sentiment. The Sensex slipped by 0.40 per cent to trade at 75,889.30, while the Nifty 50 declined by 0.44 per cent to 22,990.40. Broader indices continued to exhibit a bearish trend, with sharp declines in the midcap and smallcap segments.

The Nifty Midcap 150 fell by 1.91 per cent to 19,332.45, and the Nifty Smallcap 250 registered a steep decline of 3.14 per cent, trading at 15,498.75. Additionally, the volatility index India VIX rose 5.94 per cent to 17.74, pointing to heightened market uncertainty.

Among sectoral indices, Nifty FMCG and Nifty Realty emerged as the top gainers, showing resilience. On the flip side, Nifty Media, Nifty Metal, and Nifty Consumer Durables led the laggards with significant losses.

In the Nifty 50, Britannia, Hindustan Unilever, and ICICI Bank were the top gainers, posting gains of 1.71 per cent, 1.32 per cent, and 0.64 per cent, respectively. Conversely, JSW Steel, Shriram Finance, and Bharat Electronics Limited (BEL) were the worst performers, with declines of 2.37 per cent, 2.33 per cent, and 2 per cent, respectively.

Market breadth was firmly negative, with 2,254 stocks declining compared to 211 stocks advancing, underscoring the bearish momentum across sectors.

Market Update 8:15 AM: U.S. equities ended Friday's session in the red as investors took a step back to assess mixed economic data and earnings reports while gearing up for a week of critical economic releases and the Federal Reserve meeting. The Dow Jones Industrial Average dipped 140.82 points (0.32%) to 44,424.25, the S&P 500 slid 17.47 points (0.29%) to 6,101.24, and the Nasdaq Composite dropped 99.38 points (0.50%) to close at 19,954.30.

Asian markets traded higher in early hours on Monday despite lingering caution due to President Donald Trump’s decision to implement tariffs and sanctions on Colombia, citing immigration-related disputes.

The GIFT Nifty suggests a subdued opening for Indian markets, with Nifty futures trading lower at 22,975 as of 7:20 am IST.

U.S. Treasury yields fell early Monday, with the 10-Year yield shedding 84 basis points to 4.58 per cent and the 2-Year yield declining 35 basis points to 4.25 per cent.

The dollar index edged up to 107.6 on Monday morning as markets evaluated the potential impact of President Trump's proposed tariff measures ahead of a widely anticipated Federal Reserve decision.

WTI crude oil futures slipped further to approximately USD 73.8 per barrel on Monday, recording its first weekly decline of the year. The drop follows President Trump's demand for OPEC+ to cut crude prices, along with trade concerns arising from sanctions against Colombia for obstructing U.S. deportation flights.

Foreign Institutional Investors (FIIs) continued to offload Indian equities, selling stocks worth Rs 2,758.49 crore on January 24. Meanwhile, Domestic Institutional Investors (DIIs) purchased shares worth Rs 2,402.31 crore, providing some support to the markets.

Aditya Birla Fashion and Retail, Bandhan Bank, Can Fin Homes, Dixon Technologies, IndiaMART InterMESH, L&T Finance, Manappuram Finance, Mahanagar Gas, and Punjab National Bank are under F&O ban today.

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