Zomato, Adani Ports, Tata Consultancy Services, Mahindra & Mahindra, Maruti and Tata Motors were among the laggards. File
| Photo Credit: PTI
Benchmark Sensex spurted by 454 points and Nifty closed above 23,300 on Monday (January 20, 2025) following gains in banking stocks, mainly Kotak Mahindra Bank, and firm global trends.
The 30-share BSE Sensex jumped 454.11 points or 0.59% to settle at 77,073.44. Intra-day, it surged 699.61 points or 0.91% to 77,318.94.
The NSE Nifty climbed 141.55 points or 0.61% to 23,344.75 with 29 of its constituents ending higher.
Among Sensex shares, Kotak Mahindra Bank jumped over 9% after the firm posted a 10% growth in its consolidated net profit at ₹4,701 crore, aided by the performance of capital markets-linked arms.
Bajaj Finance, Bajaj Finserv, NTPC, State Bank of India, Power Grid, HDFC Bank, Tech Mahindra and Asian Paints were the other gainers.
However, Zomato, Adani Ports, Tata Consultancy Services, Mahindra & Mahindra, Maruti and Tata Motors were among the laggards.
In Asian markets, Tokyo, Shanghai and Hong Kong settled in the positive territory while Seoul ended lower. Markets in Europe were trading higher. U.S. markets ended in the green on Friday (January 17, 2025).
“A strong positive sentiment from Asian markets bolstered domestic markets, starting the week on a healthy note. Further, a robust initial set of earnings from the banking and financial sectors triggered a broad-based rally, driven by the likelihood of improved earnings in the near future.”
“However, uncertainties surrounding Donald Trump’s policies continue to linger, with investors eagerly waiting for more clarity,” Vinod Nair, Head of Research, Geojit Financial Services, said.
Global oil benchmark Brent crude dipped 0.36% to $80.50 a barrel.
Foreign institutional investors (FIIs) offloaded equities worth ₹3,318.06 crore on Friday (January 17, 2025), according to exchange data.
The BSE benchmark declined 423.49 points or 0.55% to settle at 76,619.33 on Friday (January 17, 2025). The Nifty dropped 108.60 points or 0.47% to 23,203.20.
Published – January 20, 2025 05:04 pm IST