Indian Stock Market Bounces Back: Sensex Gains 496 Points, Nifty Crosses 21,600

Indian stock market

January 19, 2023

New Delhi, India

Stock Market Highlights

After a three-day dip, the Indian stock market witnessed a strong rebound on January 19. Both Sensex and Nifty showed robust gains, reflecting positive sentiments driven by various factors.

Earnings Reports and Market Expectations:

Investors eagerly awaited the December quarter earnings of four Nifty companies, including the market giant, Reliance Industries. The anticipation contributed to the market’s anticipation and volatility throughout the day.

Sony-Zee Merger Decision Impacts:

The market also braced for the decision on the Sony-Zee merger, a significant event that had the potential to influence various sectors. The awaited announcement added an element of suspense to the trading session.

IPO Impact and Global Cues:

A mainboard IPO hitting the market further fueled investor interest. Positive cues from global markets and overnight trades contributed to the rebound, with investors showing confidence through strategic dip buying.

Also READ: USD: Indian Rupee Faces Headwinds Amidst Global Economic Shifts

Stock Performance:

Among the notable gainers were Bharti Airtel, ONGC, NTPC, Tata Steel, SBI Life, and others. On the flip side, IndusInd Bank, HDFC Bank, Kotak Bank, Adani Ports, Divis Labs, and Sun Pharma faced losses, impacting the overall market dynamics.

Broader Market Trends:

The BSE MidCap and SmallCap indices witnessed positive growth, indicating broader market optimism. Sector-wise, the Nifty Metal and FMCG indices saw significant rallies, while the Nifty Media index experienced a slight dip.

Closing Highlights:

The day concluded with the Sensex gaining 496 points and the Nifty closing above 21,600. All sectoral indices closed in the green, with auto, capital goods, information technology, FMCG, metal, oil & gas, and power sectors contributing to the positive finish. BSE Midcap and SmallCap indices added 1% each.

Both Sensex and Nifty ended at 71,683.23 up +496.37  21,622.40 up +160.15 


The rebound in the Indian stock market on January 19 showcased resilience and optimism among investors. Positive global cues, corporate earnings reports, and key events like the Sony-Zee merger decision collectively influenced the market’s positive trajectory.

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