Market Overview:

Indian equity markets ended with strong gains today, supported by robust buying in broader indices. The Sensex advanced by 0.83% to close at 76,532.96, while the Nifty 50 climbed 0.90%, settling at 23,163.10.

Broader markets outperformed the benchmarks, with the Nifty Midcap 150 surging 2.43% to 19,481.75 and the Nifty Smallcap 250 rallying 3.16% to 15,613.35. The India VIX, a gauge of market volatility, rose by 1.99% to 18.56, indicating persistent uncertainty as markets brace for the upcoming Union Budget and global economic events.

Sectoral Performance:

The session saw mixed action across sectors:

• Top Gainers:

• Nifty Realty (+2.91%)

• Nifty IT (+2.62%)

• Nifty Media (+2.54%)

• Top Losers:

• Nifty FMCG (-0.50%)

• Nifty Oil & Gas (-0.61%)

• Nifty PSU Bank (-0.77%)

Key Movers in Nifty 50:

Gainers:

• Shriram Finance: +3.98%

• BEL (Bharat Electronics): +3.72%

• Tata Motors: +3.65%

Losers:

• ITC Hotels: -3.53%

• Maruti Suzuki: -1.41%

• Asian Paints: -0.81%

Top Volume Gainers:

• Lexus Granito (India) Limited: Trading volumes surged 28.92 times the two-week average, though the stock dipped 1.80% to ₹41.36 amid profit booking.

• Power Mech Projects Limited: Witnessed a 7.85x jump in volumes but hit a 52-week low, sliding 5.81% to ₹2,031.15 under selling pressure.

• SIS Limited: Gained 8.90% to ₹332.30 with trading volumes rising 6.03x the two-week average, reflecting renewed investor interest.

Key Developments:

• Block Deals: Significant block trades were observed in Kansai Nerolac, IDFC First Bank, and JSW Energy.

• Nifty Performance: The index rose for the second consecutive day, gaining 205 points or 0.90% ahead of the FOMC meeting later today.

• Market Breadth: A robust performance was seen across segments, with 2,311 stocks advancing against 528 stocks declining, highlighting strong buying sentiment.

Global Economic Calendar:

Key global events to watch:

• United States: Federal Reserve’s FOMC meeting and rate decision.

• Eurozone: Consumer Confidence (Jan).

• China: Manufacturing PMI (Jan).

• Japan: Industrial Production and Retail Sales (Dec).

Closing Thoughts:

Indian markets maintained a bullish trend, bolstered by optimism ahead of the Union Budget and global cues. The Nifty has closed above its 10-DMA for the first time since January 3, 2025, signaling a potential shift from bearish to bullish momentum. Stay updated with detailed analysis on our YouTube channel for insights into today’s session and strategies ahead of major economic events.