Nifty 50 & Sensex in Red; Realty, Auto & Consumer Durables Drag

The Nifty 50 dipped 0.13 per cent to 23,665.90, while the Sensex slipped 0.10 per cent to 78,193.08.

Market Update: 9:45 AM: Indian equity markets displayed a mixed trend in early trade today, with benchmark indices trading marginally lower. The Nifty 50 dipped 0.13 per cent to 23,665.90, while the Sensex slipped 0.10 per cent to 78,193.08.

Broader market indices showed a more positive bias. The Nifty Midcap 150 declined 0.22 per cent, while the Nifty Smallcap 250 edged up 0.06 per cent.

Market volatility remained subdued, with the India VIX edging up 3.12 per cent to 14.52.

Sectorally, Nifty IT led the gains, advancing 0.32 per cent. Nifty Pharma and Nifty Healthcare also witnessed strong buying interest, rising 1.12 per cent and 0.67 per cent, respectively. On the other hand, Nifty Consumer Durables (-0.71 per cent), Nifty Auto (-0.62 per cent), and Nifty Realty (-0.78 per cent) were the top laggards.

Among Nifty 50 stocks, Dr. Reddy's, BPCL, and ITC Hotels emerged as the Top Gainers, while Shriram Finance, Mahindra & Mahindra (M&M), and Titan were the Top Losers.

Market breadth remained positive, with 1,171 advances outpacing 1,149 declines, indicating a mixed sentiment among investors.

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

Market Update 8:15 AM: U.S. stock markets wrapped up a volatile session on a positive note Wednesday, as declining Treasury yields helped offset concerns over lackluster corporate earnings and mixed economic data. The Dow Jones Industrial Average climbed 317.24 points, or 0.71 per cent, to settle at 44,873.28. The S&P 500 added 23.60 points, or 0.39 per cent, closing at 6,061.48, while the Nasdaq Composite advanced 38.32 points, or 0.19 per cent, ending at 19,692.33.

Asian markets were on an upward trajectory Thursday after a rebound in both stocks and bonds on Wall Street. Investors assessed global economic conditions amid concerns surrounding trade policies, lackluster tech earnings, and uneven U.S. data.

The GIFT Nifty signaled a bullish start. Around 7:00 AM IST, Nifty futures were trading at 23,801.5, suggesting a strong opening for domestic equities.

Indian equity benchmarks ended lower on February 5, weighed down by selling in consumer stocks following weak earnings. Investors remained on edge ahead of the Reserve Bank of India’s monetary policy review slated for February 7.

The Sensex fell 312 points, or 0.4 per cent, to settle at 78,271, while the Nifty slipped 43 points, or 0.18 per cent, closing at 23,696.30.

The 10-year U.S. Treasury yield was largely unchanged at 4.42 per cent, while the 2-year yield edged up 10 basis points to 4.19 per cent in early Thursday trading.

A dip in Treasury yields exerted downward pressure on the U.S. dollar. The Dollar Index retreated 0.2 per cent to 107.63, erasing the gains driven by concerns over Trump’s tariff measures against Mexico, Canada, and China.

WTI crude oil futures attempted a modest rebound, trading around USD 71 per barrel on Thursday. This came after a 2 per cent decline in the previous session.

Crude prices remained supported by supply risks tied to U.S. sanctions on Iran. Trump’s renewed efforts to curb Iran’s oil exports could potentially remove 1.5 million barrels per day from global markets, tightening supply conditions.

Foreign Institutional Investors (FIIs) turned net sellers on February 5, offloading equities worth Rs 1,682.83 crore. In contrast, Domestic Institutional Investors (DIIs) purchased equities worth Rs 996.28 crore.

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

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