Share Market Live Updates 24 January 2025: Sensex, Nifty see volatility; focus shifts to sectors poised for pre-budget rally

Sensex, Nifty updates on 24 January 2025: Indian benchmark indices, Sensex and Nifty, are experiencing volatility on Friday, despite widespread optimism. US stocks closed at record highs the previous night, fuelled by President Donald Trump’s remarks on tax cuts. At 11:30 a.m., the Sensex gained 247 points or 0.32% to reach 76,767, while the Nifty 50 traded at 23,271, up by 66 points or 0.29%. Rajesh Bhosale, Technical Analyst at Angel One, highlighted broader market strength, noting a 2% surge in the Nifty Midcap Select index and advising traders to focus on sectors poised to excel ahead of the Budget session. However, derivatives data suggest caution. Dhupesh Dhameja of SAMCO Securities pointed to balanced activity in calls and puts, with strong support at the 23,200-strike and resistance at 23,250. India VIX fell 0.46% to 16.69, reflecting reduced market jitters, while Asian stocks traded positively in early deals, signalling a cautiously optimistic global sentiment.