NIFTY50 and SENSEX Dip Slightly, Midcap and Smallcap Hit Record Highs!

NIFTY50 and SENSEX opened with slight losses, while Nifty Midcap 100 and Smallcap 100 hit record highs. Nifty IT led gains, and Nifty PSU Bank was the biggest loser, reflecting a slight negative bias in the market.
NIFTY50 and SENSEX Dip Slightly, Midcap and Smallcap Hit Record Highs

NIFTY50 and SENSEX opened the week with minor losses, while broader indices like Nifty Midcap 100 and Smallcap 100 hit record highs. Nifty IT led gains, whereas Nifty PSU Bank was the biggest loser in early trading. Both indices showed a slight negative bias.

Foreign Institutional Investors (FIIs) were net buyers on Friday, purchasing stocks worth ₹1,241.33 crores. Over the past week, their net buying reached ₹6,874.66 crores, indicating strong foreign interest in the Indian equity market despite the flat opening of benchmark indices.

At 09:25 AM, SENSEX traded 0.02% lower, staying below the 80,000 mark, while NIFTY50 declined 0.05%, hovering around 24,300. Bank Nifty also fell by 0.11%, below the 52,700 level. India VIX increased by 4.79%, indicating higher market volatility.

In sectoral performance, Nifty I.T. (+0.51%), Nifty Auto (+0.49%), and Nifty FMCG (+0.28%) were top gainers. In contrast, Nifty PSU Bank (-0.98%), Nifty Bank (-0.38%), and Nifty Financial Services (-0.19%) saw declines. The market reflected mixed sectoral sentiment.

Top NIFTY50 gainers included Tata Motors (+1.4%), Apollo Hospitals (+0.7%), and ONGC (+0.6%), while Titan (-3.5%), Shriram Finance (-1.05%), and ICICI Bank (-0.44%) were major losers. In the U.S., Wall Street closed higher with record highs in Nasdaq and S&P 500 due to weak labor market data fueling interest rate cut hopes.

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