Synopsis : Indian markets saw sharp intraday volatility on Thursday despite the US Fed’s 25 bps rate cut, with benchmark indices holding modest gains. Mid- and small-cap stocks outperformed even as sectoral trends remained mixed and India VIX rose 3%.
Stock Market LIVE:
Indian equity markets experienced a volatile trading session on Thursday, swinging between positive and negative territory despite the US Federal Reserve’s 25 basis point interest rate cut announced a day earlier. Investors remained cautious, assessing the global policy shift and its impact on domestic sentiment.
At 11 AM, the BSE Sensex was up 54 points (0.10%) at 84,475, while the NSE Nifty50 hovered near the 25,800 mark, gaining 41 points (0.16%). The volatility index, India VIX, climbed 3%, signalling heightened market uncertainty.
Top Gainers
Several heavyweights lent support to the market:
Eternal, Tata Steel, Maruti Suzuki, Kotak Bank, Infosys, BEL, Adani Ports, L&T, M&M, and SBI gained up to 1.7%, helping offset broader selling pressure.
Top Losers
At the same time, notable names dragged the indices:
Titan, Asian Paints, HCL Tech, Bharti Airtel, ICICI Bank, Trent, Reliance Industries, TCS, Power Grid, Axis Bank, and Bajaj Finserv saw declines amid mixed earnings expectations and sectoral headwinds.
Broader Market Performance
The broader markets continued to outperform the benchmarks:
Nifty Midcap100 rose 0.65%
Nifty Smallcap100 climbed 0.48%
This indicates stronger buying interest in SMID (Small & Mid-Cap) segments despite the benchmark's choppy movements.
Sectoral Highlights
Sectoral performance remained mixed:
Declining Sectors:
Nifty Media down 0.9%
Nifty FMCG down 0.33%
Nifty IT down 0.08%
Nifty Oil & Gas down 0.6%
Gaining Sectors:
Nifty Metal up 0.6%
Nifty Auto up 0.4%
Investors are expected to closely track global cues, rupee movement, and upcoming domestic data releases as markets continue to navigate heightened volatility.
Disclaimer : This article is for informational purposes only and should not be considered financial or investment advice. Market conditions can change rapidly; always consult a financial professional before making investment decisions.
