The GIFT Nifty indicates that the BSE Sensex and NSE Nifty 50 are likely to open lower on Thursday, January 23.
The stock market ended Wednesday’s session on a positive note, with all major indices closing higher. The NSE Nifty 50 rose 135.85 points or 0.59% to settle at 23,160.50, while the BSE Sensex gained 614.57 points or 0.81%, closing at 76,452.93. The Bank Nifty index also recorded an increase of 153.50 points or 0.32%, ending the day at 48,724.40.
Top cues to watch on January 22, 2025 HDFC Bank ADR
HDFC Bank’s ADR (HDB) saw a significant jump, closing at $60.68, up 3.09% from its previous close of $58.86. The stock moved within a range of $59.75 to $61.27 during the trading session, with around 4.76 million shares changing hands. The rise in HDB’s price was supported by positive sentiment around Indian banking stocks, largely driven by strong quarterly earnings.
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Donald Trump’s agenda of easing regulations and cutting corporate taxes has fueled optimism on Wall Street, pushing the S&P 500 to record highs. After a 2.5% dip in December 2024 and a slow start to 2025, easing inflation concerns and renewed confidence in economic growth have fueled a strong rebound for investors.
Also Read: Stock in Focus: HDFC Bank, HUL, Polycab India, Tata Communications, BPCL and more
US Markets see smart gains
US stocks ended the day on a positive note on Wednesday. The S&P 500 climbed 0.8% on Wednesday, reaching a new intraday high of 6,100.11. This broke its previous record set in December before the market pullback. Tech stocks like Oracle and Nvidia drove the rally, fueled by optimism around artificial intelligence. Investors also seemed positive about President Donald Trump’s new term, adding to the upbeat mood. Further, All three major US indexes closed higher,
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