Islamabad, Jan 20: On the first trading day of the week, the benchmark equity indices saw a buoyant start. The NSE Nifty 50 began the session with a rise of 50 points, marking a 0.22% increase to settle at 23,253.15.
Simultaneously, the BSE Sensex climbed by 171.71 points, also up by 0.22%, to reach 76,791.04.
The Nifty’s upbeat opening was prefigured by the GIFT Nifty, which signaled a robust start with a gain of 75 points or 0.32%, standing at 23,313.
Read More:
5G Launch Date in Pakistan: All You Need to Know
In the pre-opening trades, the Nifty 50 advanced by 87 points or 0.38% to 23,290.40, whereas the Sensex surged by 359 points or 0.47% to 76,978.53.
Notable performers in the early hours included Kotak Mahindra Bank, Wipro, Britannia, SBI, and Bharti Airtel, which ranked among the top gainers.
Conversely, Shriram Finance, Dr Reddy’s Lab, ICICI Bank, Maruti Suzuki, and Tech Mahindra faced declines.
Reliance Industries, L&T, ITC, Sun Pharma, and Power Grid Corp boosted the Nifty 50, driving momentum across the indices.
As observed by Akshay Chinchalkar, Head of Research at Axis Securities, “This week is pivotal for both bulls and bears, likely setting the stage for the Nifty’s immediate trajectory.”
The ongoing upward trend in smallcap and midcap indices—continuing their longest winning streak since early December—signals a shift towards a more risk-acceptant market sentiment.
The broader market showed positive trends as well. The Bank Nifty opened at 48,702.60, up by 162 points or 0.33%. The Nifty Midcap 100 also saw significant gains, increasing by 256 points or 0.47% to 54,863.70.
In the sectoral landscape, the Nifty Private Bank index saw remarkable activity, particularly after Kotak Mahindra Bank announced its quarterly results, spiking 7% in the pre-open trades.
Meanwhile, global markets maintained a cautious stance as they awaited the potential impacts of new policies from the U.S. presidency, which V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, noted could have significant implications especially concerning immigration.
Adding to the optimistic outlook, the latest IMF Global Economic Outlook report projects robust growth for India, expecting a “solid” 6.5% growth rate for 2025 and 2026, despite some recent slowing in momentum. This projection lends further buoyancy to the economic sentiment prevailing in the markets.
This comprehensive market overview indicates a robust start to the trading week, with key indices and sectoral benchmarks reflecting a positive trend, buoyed by favorable corporate performances and optimistic economic forecasts.
