Market Wobbles: Smallcaps Shine, Large Caps Lag; PSU Banks & Media Surge

The Nifty 50 has decreased by 0.29 per cent to 22,054.65, and the Sensex is down by 0.27 per cent to 72,885.15.

Market Update 1:00 PM: Indian equity markets displayed a divergent trend in today's trading session, with benchmark indices experiencing declines while broader market segments maintained a positive trajectory. The Nifty 50 has decreased by 0.29 per cent to 22,054.65, and the Sensex is down by 0.27 per cent to 72,885.15.

However, broader market indices showed varied movement, notably in the Small-Cap domain. The Nifty Midcap 150 decreased by 0.17 per cent to 17,748.55, and the Nifty Smallcap 250 showed significant gains, edging up by 0.79 per cent to 13,864.90. Market volatility has remained relatively stable, with the India VIX decreasing by 0.25 per cent to 13.73.

Sectorally, a split picture emerges. Nifty PSU Bank (+1.42 per cent), Nifty Media (+2.29 per cent), and Nifty Oil & Gas (+0.10 per cent) are among the leading sectoral gainers. Nifty Auto (-1.61 per cent), Nifty IT (-1.03 per cent), and Nifty FMCG (-0.86 per cent) are the primary sectoral laggards.

Within the Nifty 50, State Bank of India, Bharat Electronics Limited and BPCL are among the top performers, demonstrating notable positive movement. Bajaj Auto, Hero MotoCorp, and Bajaj Finserv are the major draggers.

Market breadth indicates a predominantly positive trend, with 1,601 advances and 1,150 declines, reflecting some optimistic sentiment amongst investors.

Market Update 11:15 AM: Indian equity markets are experiencing a mixed trading session, with key indices showing varied movements. While broader market indices demonstrated gains, benchmark indices witnessed slight losses. The Nifty 50 has decreased by 0.24 per cent to 22,065.90, and the Sensex is down by 0.20 per cent to 72,939.67.

Broader market indices are reflecting a positive trend, with strong performance noted in small-cap segments. The Nifty Midcap 150 has increased by 0.31 per cent to 17,834.35, and the Nifty Smallcap 250 has shown significant gains, edging up by 1.18 per cent to 13,918.55. Market volatility has slightly decreased, with the India VIX down by 0.47 per cent to 13.70.

Sectorally, a divergent trend is observed. Nifty PSU Bank (+1.76 per cent), Nifty Media (+2.08 per cent), and Nifty Oil & Gas (+0.37 per cent) are among the leading sectoral gainers. Nifty FMCG (-0.94 per cent), Nifty Auto (-0.84 per cent), and Nifty IT (-0.68 per cent) are the primary sectoral laggards.

Within the Nifty 50, State Bank of India, Bharat Electronics Limited and Trent are among the top performers, demonstrating notable positive movement. Nestle India, Bajaj Auto, and Bajaj Finserv are the major draggers.

Market breadth indicates a predominantly positive trend, with 1,886 advances and 794 declines, reflecting optimistic sentiment amongst investors.

Market Update 9:40 AM: Indian equity markets are witnessing a downturn in early trading, with key indices recording losses. Broader market indices are also experiencing notable declines. The Nifty 50 has decreased by 0.34 per cent to 22,044.50, and the Sensex is down by 0.31 per cent to 72,857.35.  

Broader market indices are reflecting a negative performance. The Nifty Midcap 150 has declined by 0.39 per cent to 17,709.50, and the Nifty Smallcap 250 has edged up by 0.12 per cent to 13,772.45. Market volatility has shown a slight increase, with the India VIX up by 0.96 per cent to 13.90.

Sectorally, a mixed trend is observed. Nifty PSU Bank (+0.98 per cent), Nifty Media (+0.35 per cent), and Nifty Bank (+0.30) are among the leading sectoral gainers. Nifty IT (-1.33 per cent), Nifty Auto (-0.94 per cent), and Nifty Oil & Gas (-0.74 per cent) are the primary sectoral laggards.

Within the Nifty 50, State Bank of India, Bharat Electronics Limited and IndusInd Bank are among the top performers, showing positive movement in a challenging market. Nestle India, Bajaj Auto, and HCL Technologies are the major draggers.

Market breadth indicates a slightly negative trend, with 1,175 advances and 1,248 declines, signaling a cautious sentiment among investors.

Market Update 8:15 AM: Wall Street closed sharply lower on Monday as investor sentiment took a hit following President Donald Trump's announcement of a 25 per cent tariff on imports from Canada and Mexico. This triggered a widespread sell-off, leading to the biggest daily percentage drop in the S&P 500 since December 18. The Dow Jones Industrial Average declined 1.48 per cent, shedding 649.67 points to settle at 43,191.24. The S&P 500 lost 1.76 per cent, closing at 5,849.72, while the Nasdaq Composite tumbled 2.64 per cent to end at 18,350.19.

Asian markets mirrored the losses from Wall Street on Tuesday, as concerns over a potential trade war weighed heavily on investor sentiment. President Donald Trump's aggressive stance on tariffs added to fears of a slowdown in global economic growth.

The GIFT Nifty was trading at around 22,105.50 in early trade, hinting at a subdued start for the Indian stock markets.

Indian equity indices ended slightly lower on March 3 amid choppy trading, as domestic factors such as robust GDP figures and higher GST collections provided some support, but global uncertainties regarding trade policies and the Ukraine peace negotiations dragged the sentiment down. The Sensex slipped 112.16 points, or 0.15 per cent, to close at 73,085.94, while the Nifty edged lower by 5.40 points, or 0.02 per cent, to finish at 22,119.30.

U.S. bond yields saw a decline, with the 10-year Treasury yield slipping 0.55 per cent to 4.14 per cent, while the 2-year Treasury yield dropped nearly 1 per cent to 3.91 per cent.

The U.S. dollar index was slightly weaker in early Tuesday trade, hovering around 106.52 against a basket of major global currencies.

WTI crude oil futures extended losses, trading near USD 68 per barrel, a level not seen in three months. This came after OPEC+ indicated plans to restart previously halted production, following pressure from U.S. President Donald Trump to lower prices.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 4,788.29 crore on March 3, while Domestic Institutional Investors (DIIs) countered this selling pressure by purchasing stocks worth Rs 8,790.70 crore on the same day.

No stocks are currently under the F&O ban list.

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