Market Overview:

Indian equity markets closed higher today, driven by upbeat investor sentiment despite global market volatility. The Sensex gained 0.30% to settle at 76,759.81, while the Nifty 50 rose 0.37% to end at 23,249.50.

The broader markets showed mixed trends:

• Nifty Midcap 150: Edged up 0.17% to 19,514.25.

• Nifty Smallcap 250: Declined 0.18% to 15,585.95.

Volatility eased, with the India VIX dropping 6.70% to 17.39, reflecting improved market stability and confidence.

Sectoral Performance:

Top Gainers:

• Nifty Realty: +1.78%

• Nifty Pharma: +1.21%

• Nifty Oil & Gas: +1.55%

Top Losers:

• Nifty Consumer Durables: -1.84%

• Nifty Media: -1.21%

• Nifty IT: -1.14%

Key Movers in Nifty 50:

Gainers:

• Bharat Electronics Ltd. (BEL): +4.87%

• Power Grid Corporation: +2.80%

• Hero MotoCorp: +2.76%

Losers:

• Tata Motors: -6.98%

• ITC Hotels: -5.00%

• Adani Enterprises: -3.05%

The overall market breadth leaned positive, with 1,549 stocks advancing against 1,256 stocks declining, reflecting broad-based buying interest.

Top Gainers:

• Hitachi Energy (POWERINDIA): Surged 20% to ₹12,277.50, hitting the upper circuit after a sixfold growth in Q3 profits.

• Archean Chemical Industries (ACI): Soared 9.38% to ₹599.00 as its subsidiary announced plans for a ₹3,000 crore semiconductor plant.

• Netweb Technologies (NETWEB): Gained 7.93% to ₹1,735.10, locking at the upper circuit for the second straight session due to sustained investor interest.

Top Losers:

• Whirlpool India (WHIRLPOOL): Fell 20% to ₹1,260.80, as news of a potential parent company stake sale triggered sell-offs.

• Voltas Ltd (VOLTAS): Declined 13.78% to ₹1,271.00 after posting weaker-than-expected Q3 earnings.

• Deepak Fertilisers (DEEPAKFERT): Dropped 13.29% to ₹1,124.25 amid profit-booking following yesterday’s rally.

Global Economic Calendar:

Key global events to watch:

• United States: Pending Home Sales (Dec), FOMC Interest Rate Decision.

• Eurozone: Q4 GDP Estimates.

• China: Non-Manufacturing PMI and Composite PMI (Jan).

• India: Monthly Fiscal Deficit and Core Infrastructure Output Data.

Closing Thoughts:

Indian equity markets demonstrated resilience, with sectoral gains in Realty, Pharma, and Oil & Gas. Broader indices, however, showed mixed signals as small-cap stocks faced pressure. Investors await key announcements from the FOMC meeting and domestic economic data for further direction.

Stay tuned for an in-depth analysis and actionable insights in our latest video update on YouTube.