Markets open gap-up for 3rd straight day – Nifty surges above 23,300, Sensex up 408.05 points

The benchmark equity indices started Thursday’s session on a strong note with a gap-up opening. The NSE Nifty 50 rose by 122.75 points or 0.53% to begin trading at 23,335.95, while the BSE Sensex advanced 408.05 points or 0.57% to open at 77,155.43.

The Nifty Bank also opened in positive territory, gaining 0.89% to trade at 49,186.

“Macro indicators from the US suggest that as the swearing-in of Mr. Trump nears, the Trump trade has peaked. The decline in US bond yields and the dollar index are indications of this. This downshift in the dollar index and bond yields has been assisted by the lower-than-expected CPI inflation in the US, again igniting hopes of more rate cuts by the Fed this year. Hope of an end to the conflict in Gaza is another major relief. This global backdrop is positive for the market, said Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

Also Read: Stock in Focus: Infosys, Reliance Industries, L&T Tech, Adani Green Energy, Exide Industries, Swiggy, RBL Bank, GAIL and more

“A relief rally in India is certainly on the cards, but the sustainability of the rally will depend on the Indian macros, particularly the revival of GDP and earnings growth. Budget expectations can aid a rally in the market but it will soon give way to the trends in GDP and earnings growth. Investors should focus on largecaps which have been more stable than the mid and small caps. Broadly speaking, segments with growth visibility like Pharma and health care, IT and discretionary consumption will remain resilient,” he added.

The GIFT Nifty indicates that the BSE Sensex and NSE Nifty 50 are likely to open higher on Thursday, January 16. GIFT Nifty was trading 154 points or 0.66 per cent higher at 23,416.00 indicating a positive start for domestic indices NSE Nifty 50 and BSE Sensex during early trading hours.

Within the Sensex 30 pack, Zomato, Adani Ports, Tech Mahindra, IndusInd Bank, SBI were the top gainers, while ITC, Hindustan Unilever, Titan, M&M, Bharti Airtel were among the losers in the group. Meanwhile, in the Nifty 50, HDFC Life, Adani Enterprises, Adani Ports, SBI Life, BEL were the top performers, whereas Trent, Britannia, Tata Consumer, Titan, Dr.

 » Read More

Related Articles

JB Pharma is riding the CDMO Opportunity. Jefferies reiterates buy…

Jefferies has maintained a Buy on JB Pharma with a revised target price of Rs 2,310. The stock currently trades at Rs 1,714/share implying an 34% upside. This new target price is just a shade lower than the previous target price of Rs 2,340. According to Jefferies, an international brokerage house, the growth drivers are

Two banking stocks to watch ahead of the RBI Policy

By Kiran Jani Bank Nifty reached its all-time high of 54,467 in September 2024. Following this peak, the index experienced a correction, dipping to 47,844 in January 2025—a decline of 7.29%. Despite this pullback, Kotak Bank and ICICI Bank showed relative resilience, delivering returns of 1.61% and -4.20%, respectively, during the same period. Source: Investing.com

New Tax Regime: These deductions, exemptions still available for you

The Indian government introduced a new tax regime in 2020, offering lower tax rates while removing several exemptions and deductions available under the old system. Initially optional, this regime became the default in 2023, requiring taxpayers to opt out if they wished to continue under the old structure. Despite the removal of many benefits, certain

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

JB Pharma is riding the CDMO Opportunity. Jefferies reiterates buy…

Jefferies has maintained a Buy on JB Pharma with a revised target price of Rs 2,310. The stock currently trades at Rs 1,714/share implying an 34% upside. This new target price is just a shade lower than the previous target price of Rs 2,340. According to Jefferies, an international brokerage house, the growth drivers are

Two banking stocks to watch ahead of the RBI Policy

By Kiran Jani Bank Nifty reached its all-time high of 54,467 in September 2024. Following this peak, the index experienced a correction, dipping to 47,844 in January 2025—a decline of 7.29%. Despite this pullback, Kotak Bank and ICICI Bank showed relative resilience, delivering returns of 1.61% and -4.20%, respectively, during the same period. Source: Investing.com

New Tax Regime: These deductions, exemptions still available for you

The Indian government introduced a new tax regime in 2020, offering lower tax rates while removing several exemptions and deductions available under the old system. Initially optional, this regime became the default in 2023, requiring taxpayers to opt out if they wished to continue under the old structure. Despite the removal of many benefits, certain

Range bound session: Nifty ends above 23,600, Sensex holds 78,000 led by Adani Ports, Infosys

The stock markets faced a downturn on Thursday, with major indices closing in the red. The BSE Sensex dropped by 213.12 points or 0.27%, ending the day at 78,058.16, while the NSE Nifty 50 saw a decline of 70.15 points, down by 0.3%, and closed at 23,626.15. The Nifty Bank index also ended the day

IT stocks stable as Cognizant raises annual and quarterly revenue guidance

Shares of Indian IT companies are in the spotlight today after the Nasdaq-listed IT services major Cognizant Technology Solutions, reported its Q4 results that exceeded Wall Street expectations. The Nifty IT Index as well as individual tech counters like Infosys, Wipro, Tech Mahindra and HCL Tech are all in the green even as the markets