The markets continued their cautious tone today, with benchmark indices posting losses amidst increased volatility and a bearish sentiment across sectors. While Nifty FMCG managed to buck the trend with gains, broader indices witnessed a decline, reflecting a lack of investor confidence.

Market Snapshot

• Nifty 50: 23,526 (-0.69%)

• Sensex: 77,620 (-0.68%)

• India VIX: 14.66 (+1.31%)

Sectoral Highlights

• Top Gainers:

• FMCG (+0.93%)

• Top Losers:

• Energy (-2.03%)

• Realty (-2.73%)

• Oil & Gas (-1.94%)

Top Movers

Gainers:

• SRF: ₹2,673 (+13.74%)

• Balaji Amines: ₹1,909 (+9.65%)

Loser:

• ITI: ₹440 (-8.15%)

Key Developments

1. Indraprastha Gas: Announced a 31% increase in gas allocations, boosting CNG’s share to 51% from January 16.

2. Anand Rathi Wealth: Scheduled board meeting on January 13 to discuss issuing bonus shares.

3. Swiggy Instamart: Expanded its footprint to over 75 cities and launched a dedicated app for convenience retail.

4. Solex Energy: Reported a 103% jump in revenue and set a target of achieving 4 GW production capacity by mid-2025.

5. Akzo Nobel: Faces a ₹23.77 lakh GST liability and is preparing its response.

6. T.V. Today Network: Decided to cease FM radio operations in Mumbai, Delhi, and Kolkata within the next 1-6 months.

7. ONGC: Collaborates with BP to increase oil and gas output at Mumbai High fields by 44% and 89%, respectively, targeting $10.3 billion in revenue.

Broader Market Performance

• Nifty Midcap 100: Declined 0.93% to 55,745

• Nifty Smallcap 100: Fell 1.35% to 18,118

The India VIX rose by 1.31% to 14.66, indicating heightened market volatility. Among sectoral indices, Nifty FMCG was the only one to close in the green, while Nifty Realty, Energy, and PSU Bank suffered significant losses.

Market breadth also reflected a bearish sentiment, with only 550 advancing stocks against 1,836 decliners on the NSE, underscoring the negative momentum.

Global Economic Calendar

Key events to watch include:

• US Inflation Data

• China’s Trade Balance

• Eurozone Industrial Production Figures

For more in-depth analysis of today’s market trends and insights into what to expect next, watch our exclusive YouTube video.

Stay informed. Stay ahead.