Closing Bell: Domestic stock markets managed to close in the green on Wednesday (January 22). The market closed higher due to the rise in IT and banking stocks amid US President Donald Trump’s trade policies.
The 30-share BSE Sensex opened today with a gain of 76,114 points. It had climbed up to 76,458 points during trading. The Sensex finally closed at 76,404, up 566.63 points or 0.75%.
Similarly, Nifty50 of National Stock Exchange (NSE) also opened with gains today, however, it went down to 22,981 during trading. Nifty finally closed at 23,155, up 131 points or 0.57%.
top gainers
Infosys was the top gainer among Sensex companies today. Shares of the IT firm closed up by 3%. TCS, Tech Mahindra, Sun Pharma, HDFC Bank, Bajaj Finserv, Zomato, HCL Tech, Reliance and L&T were among the top gainers.
top losers
On the other hand, shares of Tata Motors, Power Grid, Tata Steel, Adani Ports, NTPC, SBI, Axis Bank, L&T and ITC were in the red.
What signals from global markets?
Most Asian markets were higher on Wednesday, led by Wall Street’s gains after US President Donald Trump’s less aggressive tariff stance than expected. Japan’s Nikkei index rose 1.2 percent while the ASX 200 rose 0.5 percent. Kospi also increased by 0.3 percent.
How was the market on Tuesday?
Both benchmarks closed down about 1.5% on Tuesday, at their lowest levels since June 6. Whereas volatility in Indian markets reached the highest level since the beginning of August. Nifty is trading about 12% below its record high on September 27.