Indian stock markets rebounded strongly on January 22, snapping a three-day losing streak, supported by short covering and positive global cues amid signs of easing geopolitical tensions.
The Sensex rose 398 points, or 0.49 percent, to close at 82,307.37, while the Nifty 50 gained 132 points, or 0.53 percent, to settle at 25,289.90. Broader markets outperformed the benchmarks, with strong buying seen in mid and small-cap stocks. Here are ten takeaways from today's market:
1. Why did the market rise?
Markets bounced back as tensions between the US and Europe eased after President Donald Trump softened his stance on Greenland. Optimism over a possible India–US trade deal also lifted investor sentiment. Short covering after the recent sell-off added to the upward move.
Vinod Nair of Geojit Investments said positive remarks by Trump at Davos on geopolitics and tariffs helped markets recover. However, he cautioned that early corporate earnings have not fully supported current valuation levels. Investors are now watching US GDP and inflation data, along with the Bank of Japan’s policy decision, for further cues.
2. Benchmarks end higher
The Sensex ended the session at 82,307.37, up 398 points, while the Nifty 50 closed at 25,289.90, gaining 132 points.
3. Mid and small caps outperform
The BSE Midcap index rose 1.28 percent, while the BSE Smallcap index gained 1.13 percent, outperforming the frontline indices.
4. Investor wealth jumps
The total market capitalisation of BSE-listed companies increased to nearly ₹459 lakh crore from about ₹454 lakh crore in the previous session, adding close to ₹5 lakh crore in investor wealth in a single day.
5. Top Nifty 50 gainers
As many as 40 stocks ended higher in the Nifty 50 index. Dr Reddy’s Laboratories, Bharat Electronics (BEL), and Adani Enterprises were among the top gainers.
6. Top Nifty 50 losers
Eternal, SBI Life Insurance, and Titan Company ended the day as the biggest losers on the index.
7. Sector-wise performance
The Nifty Bank index rose 0.68 percent, while the Financial Services index gained 0.69 percent. The Nifty Media and PSU Bank indices recorded strong gains of 2.39 percent and 2.34 percent, respectively. Pharma, metal, healthcare, and FMCG indices also rose more than 1 percent each.
8. Most active stocks
Tata Silver ETF, Vodafone Idea, and Tata Gold ETF were the most actively traded stocks on the NSE in terms of volume.
9. Market breadth remains positive
Market breadth stayed in favour of advancers, with around 3,000 stocks advancing and about 1,300 stocks declining on the BSE.
10. 52-week highs and lows
As many as 69 stocks, including Federal Bank, SBI, and Vedanta, touched their 52-week highs on the BSE. Meanwhile, 276 stocks, including ITC, Lodha Developers, Kalyan Jewellers, and Godrej Properties, hit their 52-week lows.
(By arrangement with livemint.com)
