Indian Stock Market Closes in Green as HMPV Fears Ease

Mumbai: India’s domestic stock market ended higher on Tuesday, supported by positive global cues and easing concerns over Human Metapneumovirus (HMPV).

Increased surveillance and clarity around HMPV have calmed investor sentiment, leading to gains across multiple sectors.

Also Read: Adani Group Stocks Surge Amid Positive Developments, Market Cap Soars to Nearly Rs 12.8 Lakh Crore

Key Index Performance

• Sensex: Closed at 78,199.11, up by 234.12 points (0.30%).
• Nifty 50: Settled at 23,707.90, gaining 91.85 points (0.39%).
• Nifty Bank: Ended at 50,202.15, up 280.15 points (0.56%).
• Nifty Midcap 100: Gained 502.35 points (0.89%) to close at 56,869.3.
• Nifty Smallcap 100: Rose 248.20 points (1.35%) to close at 18,673.45.

Sectoral and Stock Highlights

• Top Gaining Sectors:
  • Metals
  • Media
  • Energy
  • Commodities
  • PSU Banks
  • Financial Services
  • Pharma
  • FMCG
• Top Gainers in Sensex:
  Tata Motors, ICICI Bank, Asian Paints, Nestle India, UltraTech Cement, L&T, Adani Ports, Tata Steel, IndusInd Bank, Titan, Hindustan Unilever, Sun Pharma, and SBI.
• Top Losers in Sensex:
  Zomato, HCL Tech, TCS, Tech Mahindra, Kotak Mahindra Bank, Infosys, and Bajaj Finserv.

Market Breadth on BSE

• Advancing Stocks: 2,627
• Declining Stocks: 1,356
• Unchanged Stocks: 103

Expert Insights

Market analysts noted a partial recovery from Monday’s sell-off, driven by easing concerns over HMPV and positive global cues. However, caution prevailed as investors awaited the first advance estimates for India’s FY25 GDP.

Key factors influencing the market:

1. FII Activity: Foreign institutional investors sold equities worth ₹2,575.06 crore on January 6.
2. DII Activity: Domestic institutional investors bought equities worth ₹5,749.65 crore on the same day.
3. Near-Term Outlook: Ongoing FII selling due to a stronger dollar, rising US bond yields, and limited expectations for rate cuts could keep the market in a cautious zone.

Expert Recommendations

“Investors should monitor price action carefully as the market approaches critical support and resistance levels. A cautious stance is advised ahead of the upcoming earnings season,” market experts recommended.