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The Indian stock market, along with Asian markets, were trading higher today after US inflation data indicated that interest rates could be cut further next year and better-than-expected US personal consumption expenditure data improved investor sentiment. It was fast. The result was that the decline in the Indian market that had been going on for the last five sessions was put to a halt. Today Sensex rose 498 points while Nifty closed above 23,750. However, experts say that in the absence of any major trigger, the market will see an overall bearish environment in the coming times and one-sided fluctuations will continue.
Banking-financial and metal stocks and Sensex heavyweights Reliance and HDFC led the market’s gains today.
Earlier today, Sensex opened 447 points higher and made an intra-day high of 78,918 and low of 78,189. Thus, after a total fluctuation of 729 points, the Sensex finally closed at 78,540 with an increase of 498 points or 0.64 percent. Nifty also opened 251 points higher and hit an intraday high of 23,869 and low of 23,647. Thus, after a total fluctuation of 222 points throughout the day, Nifty closed at 23,753 with a gain of 165 points or 0.70 percent. Midcaps were bullish today but at a slower pace than largecaps, while the bearish trend in smallcap stocks continued for the sixth session today. The BSE Midcap index today closed at 46,274, up just 47 points or 0.10 per cent, while the Small Cap index closed at 54,817, down 331 points or 0.60 per cent. The BSE SME IPO index witnessed a sharp decline today and closed 1,676 points or 1.49 per cent lower at 1,11,008 amid heavy volatility.
Of the total 4,218 shares traded on BSE today, 1,636 shares rose, 2,542 shares declined and 130 shares closed flat. Although breaths remained negative, the market capitalization of BSE increased to Rs. 442.01 lakh crore i.e. 5.20 trillion dollars was recorded, which is Rs. Compared to Rs 440.99 lakh crore. An increase of Rs 1.02 lakh crore is visible. 18 out of 30 Sensex stocks and 32 out of 50 Nifty stocks closed with gains today. JSW Steel 2.36 percent, ITC 2.07 percent, Hindalco 1.87 percent, Trent 1.73 percent, Tech Mahindra 1.68 percent, HDFC Bank 1.63 percent, IndusInd Bank 1.58 percent, Reliance Industries 1.33 percent, Titan 1.16 percent and SBI. recorded an increase of 1.04 percent Went. Whereas, Zomato fell by 2.82 percent and Hero MotorCorp fell by 1.50 percent. Out of 14 sectoral indices on Nifty, 11 rose, while 3 closed with a decline. Nifty Bank gained 1.10 per cent, PSU Bank 1.08 per cent and Realty gained 1.47 per cent, while Nifty Auto closed 0.10 per cent lower, Media 0.39 per cent and Healthcare 0.04 per cent lower.
Volatility index fell 10.30 percent in a single day
The volatility index fell 10.30 percent today to 13.52, down from 15.07 on Friday. A total increase of 15.47 percent was recorded in the volatility index in the five sessions of last week. Now when this index has fallen by more than 10 percent in a single day, it is a good sign for the market because the volatility index indicates uncertainty in the market.
Stock markets will remain open on Saturday, the day of budget.
Since the Union Budget is to be presented on Saturday, February 1, 2025, BSE and NSE will hold live trading sessions on this day, similar to working days. According to the announcements made during the budget, the session will also be held on Saturday, so that investors can take decisions on time. Even before, stock markets have been volatile when events were about to occur that could have a significant impact on the stock market. In which the stock market continued to rise on Saturday in 2020 and on Sunday in 2015 because the budget was to be presented.
FII’s Rs. Net sales of Rs 168 crore
FIIA traded in the Indian stock market today at Rs. Net sales of Rs 168 crore, while DII’s net sales of Rs. Took a net of Rs 2,227 crore. With this, the net sales figure of FIIs in the month of December stood at Rs 2.5 crore. 3,765 crore, while the DII net borrowing figure stood at Rs. 18,773 crores.