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Stock Market Wrap January 15, 2024: Sensex Gains for Second Day; Nifty Closes Above 23,200

Indian stock market

January 15, 2025

New Delhi, India

Stock Market Today

Indian stock markets ended Wednesday’s session on a positive note, marking the second consecutive day of gains for benchmark indices. The BSE Sensex climbed 224 points, or 0.29%, to settle at 76,724.08, while the NSE Nifty50 closed at 23,213.20, up 37 points, or 0.16%.

Market Performance:

  • Sensex: Traded in a range of 76,991.05 to 76,479.70 before closing higher.
  • Nifty50: Touched an intraday high of 23,293.65 and a low of 23,146.45.

Sectoral Highlights:

  • Gainers:
    • Nifty IT and Realty indices led gains, rising by up to 1.39%.
    • Stocks like Trent, Power Grid Corp, NTPC, Kotak Mahindra Bank, and Maruti Suzuki recorded gains of up to 4.01%.
  • Losers:
    • Nifty Auto, FMCG, Media, and Healthcare indices witnessed losses, with declines of up to 1.78%.
    • Major laggards included Mahindra & Mahindra, Bajaj Finserv, Axis Bank, and Bajaj Finance, with losses extending up to 2.90%.

Broader Markets:

  • Nifty Midcap100 and Smallcap100 indices ended with modest gains of 0.41% and 0.56%, respectively, reflecting steady investor interest beyond large caps.

Key Stock Moves:

  • HDFC AMC: Jumped nearly 4% after a robust 31% YoY increase in Q3 consolidated net profit to ₹641 crore.
  • Adani Green Energy: Surged 6% after commissioning a 57.2 MW wind-solar hybrid project in Gujarat.
  • IRFC: Gained 4% following its selection as the lowest bidder to finance ₹3,167 crore for a coal mine project in Jharkhand.

Global Market Snapshot:

Global markets traded cautiously as investors awaited U.S. consumer price data.

  • U.S. Futures: S&P 500 and Nasdaq 100 futures rose by 0.1% and 0.2%, respectively.
  • Asia-Pacific: Japan’s Nikkei gained 0.1%, while MSCI’s Asia-Pacific shares dipped 0.1%.
  • China: Blue-chip stocks fell by 0.4%, but Hong Kong’s Hang Seng index edged up 0.14%.

The Indian markets demonstrated resilience despite mixed global cues and sectoral disparities. Gains in IT and Realty supported the indices, while Auto and FMCG sectors remained under pressure. Investor focus now shifts to key economic indicators and corporate earnings in the coming days.

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