Indian equity markets ended the session on a weak note, reversing midday gains as selling pressure weighed on indices across segments. The Sensex declined by 0.43%, closing at 76,190.46, while the Nifty 50 dropped 0.49% to settle at 23,092.20.

Broader indices also experienced sharp declines, with the Nifty Midcap 150 falling 1.69% to 19,708.95, and the Nifty Smallcap 250 plunging 2.15% to 16,001.70. Meanwhile, the India VIX rose slightly by 0.29% to 16.75, reflecting an uptick in market volatility.

Sectoral Highlights

• Top Performing Sectors:

• Nifty FMCG: +0.52%

• Nifty IT: +0.40%

• Underperforming Sectors:

• Nifty Media: -2.60%

• Nifty Healthcare Index: -2.11%

• Nifty Pharma: -2.11%

Gainers and Losers

• Top Gainers (Nifty 50):

1. Hindustan Unilever: +2.52% to ₹2,738.

2. Britannia Industries: +1.74% to ₹4,651.85.

3. Eicher Motors: +1.45% to ₹3,849.70.

• Top Losers (Nifty 50):

1. Dr. Reddy’s Laboratories: -4.90% to ₹4,785.25.

2. Trent: -4.09% to ₹1,580.45.

3. Mahindra & Mahindra: -3.03% to ₹1,582.20.

The overall market breadth was negative, with 2,183 stocks declining against 635 advancing, indicating broad-based selling across sectors.

Top Volume Gainers

1. Capri Global Capital Limited:

• Performance: Surged 9.98% to an LTP of ₹199.90.

• Volume: Trading volumes soared 30.45 times the two-week average, driven by strong Q3 results with profits doubling year-on-year.

2. Cyient Limited:

• Performance: Declined 18.64% to an LTP of ₹1,428.00.

• Volume: Trading volumes jumped 16.64 times the two-week average, following a disappointing Q3 performance with net profit dropping 31.6% QoQ to ₹127.7 crore.

3. MPS Limited:

• Performance: Climbed 13.44% to hit a new all-time high of ₹2,479.65.

• Volume: Trading volumes spiked 12.22 times the two-week average amid sustained investor optimism.

Global Economic Calendar

Investors are closely monitoring key global economic events that could shape market sentiment:

1. US GDP Growth (Q4): Anticipated to offer insights into the pace of the US economic recovery.

2. ECB Minutes Release: Expected to provide clarity on monetary policy direction.

3. Japan Unemployment Rate: A key indicator of labor market health and economic recovery.

4. UK Consumer Confidence Data: Offering a snapshot of consumer sentiment amid high inflation.

Closing Note

Indian markets witnessed a mixed session today, with select sectors managing to perform despite broad-based selling pressure. As markets remain volatile, traders and investors are advised to adopt a cautious approach.

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