Market Recap: Broader Indices Outperform as Large-Caps Struggle

Indian equity markets ended on a mixed note, with frontline indices slipping into negative territory, while broader indices extended their gains. The Sensex fell 0.40% to 78,271.28, while the Nifty 50 declined 0.18% to 23,696.30, as profit-booking in large-cap stocks weighed on sentiment.

However, the midcap and smallcap segments continued their strong momentum, with the Nifty Midcap 150 rising 0.74% to 19,995.70, and the Nifty Smallcap 250 gaining 1.57% to 16,104.40.

Market volatility inched higher, with India VIX rising 0.46% to 14.08, reflecting cautious investor sentiment.

Top Volume Gainers

• GeeCee Ventures Ltd. (₹440.80, +6.82%): Trading volume surged 9.65 times its two-week average, signaling strong investor interest.

• BEML Land Assets Ltd. (₹238.00, +15.16%): Saw an extraordinary volume spike—13.88 times its two-week average—amid aggressive buying.

• MTNL (₹56.72, +18.96%): Hit the upper circuit, rallying on positive sentiment surrounding its asset monetization strategy, expected to unfold in FY26.

Sectoral Highlights

• Top Gainers: Nifty Media (+1.79%), Nifty Metal (+1.51%), Nifty Oil & Gas (+1.46%)

• Top Loser: Nifty Realty (-1.85%)

Stock Movers

• Top Gainers:

• Eris Lifesciences (₹1,390, +12.85%)

• Global Health (₹1,152, +10.73%)

• Top Loser:

• Syrma SGS Technology (₹524, -6.87%)

Key Corporate Updates

• Global Health (Medanta): CRISIL Ratings upgraded its bank loan facilities to ₹950 crore, reaffirming the outlook as AA-/Positive.

• Cyient: Partnered with Micware to advance mobility solutions, focusing on safety and automation.

• RIR: Secured approval for a ₹618 crore SiC semiconductor plant in Odisha, aligning with India’s semiconductor manufacturing push.

• Caplin Point: Received USFDA approval for its Procainamide Hydrochloride Injection, strengthening its pharma exports.

• Thermax: Reported an 8% YoY decline in orders, with PAT down 52%, as the company faced a shortfall in large contracts.

Broader Market Sentiment

The broader market remained resilient, with 1,969 stocks advancing, outpacing 857 decliners, indicating strong buying momentum in midcap and smallcap stocks.

Among Nifty 50 constituents,

• Top Gainers: Hindalco (+2.90%), ITC Hotels (+2.88%), ONGC (+2.74%)

• Top Losers: Asian Paints (-3.40%), Titan (-2.99%), Nestlé India (-2.17%)

Macroeconomic & Global Market Cues

• RBI Monetary Policy Meeting (February 5-7, 2025): The central bank’s stance on interest rates and liquidity measures will be closely watched.

• U.S. Job Data (February 7, 2025): The upcoming non-farm payroll report could influence global equity markets.

• China’s CPI & PPI Data (February 9, 2025): Key inflation indicators may impact Asian market sentiment.

Market Outlook

While large-cap indices faced some pressure, the broader market showed resilience, driven by midcap and smallcap buying interest. Investors are advised to stay stock-specific amid global economic uncertainties.

For a detailed market analysis, watch our latest YouTube update!