Post-Market Snapshot
• Sensex: 78,472.48 (Flat)
• Nifty 50: 23,750.20 (+0.10%)
• Nifty Midcap: 57,125.70 (+0.12%)
• Nifty Smallcap: 18,728.65 (-0.02%)
• India VIX: 14.04 (+6.53%)
The Indian equity markets ended Thursday on a flat note, with marginal gains in Nifty and Sensex. The broader market displayed mixed trends, as midcaps registered a slight uptick while small caps edged lower. India VIX rose by 6.53%, signaling an increase in market volatility.
Sectoral Highlights
• Top Volume Movers:
• Incredible Industries Limited: Exhibited a remarkable 9.05% gain, closing at ₹52.15. Trading volumes surged to 40.92 times the two-week average, signaling heightened interest.
• Rajesh Exports Limited: Closed at ₹227.59 (-0.58%). Despite the marginal dip, the counter saw robust trading activity, with volumes up 30.79 times the two-week average.
• Blue Dart Express Limited: Surged by 5.45% to ₹7,452.10. Trading activity rose 20.51 times the two-week average, reflecting strong momentum in the logistics space.
Key Market Trends
1. Flat Closing for Benchmarks: The indices remained range-bound, with Nifty and Sensex showing minimal changes.
2. Broader Market Activity: Nifty Midcap outperformed slightly, while Nifty Smallcap remained under pressure.
3. Volatility Spike: The sharp rise in India VIX to 14.04 indicates growing market uncertainty, possibly linked to global economic cues.
Global Economic Calendar Highlights
1. United States: Release of Initial Jobless Claims and Pending Home Sales data.
2. Eurozone: Publication of Manufacturing PMI for December.
3. China: Update on Foreign Direct Investment (FDI) growth.
4. Japan: Retail Sales report for November.
Outlook
The Indian markets appear to be in a consolidation phase, influenced by mixed cues from global and domestic factors. Increased volatility suggests cautious investor sentiment, with participants awaiting clear direction.
For detailed analysis and insights on market resistance and support levels, watch our exclusive YouTube video update. Stay tuned for more updates and investment ideas!