Nifty Call: Tread with caution as contract is range-bound
Nifty 50 January Futures (14,442)
The Sensex and the Nifty 50 commenced the session with a gap-up and continues to trade in a sideways range. The Asian markets are mixed in today s session, the Hang Seng index is marginally up by 0.16 per cent to 27,921 while CSI 300 index is down by 0.95 per cent to 5,443 levels. The Sensex and the Nifty 50 have advanced 0.75 per cent and 0.64 per cent respectively so far. But the Nifty mid and small-cap indices have slumped 1 per cent and 0.65 per cent correspondingly. The India VIX has jumped 8.2 per cent to 22.3, implying an increase in volatility. Among the sectoral indices, the Nifty IT index has jumped 2.3 per cent and is the top gainer followed by Nifty Auto, FMGC and Realty which have climbed 1 per cent each. On the other hand, selling interest is seen in the Nifty metal and media that have declined 1.9 per cent and 1.45 respectively.
Nifty 50 January futures (14,248) The domestic equity indices - Sensex and Nifty 50 - commenced the session on a positive note amid mixed Asian markets. The Nikkei 225 is up by 1.6 per cent at 27,490,