Indian shares rose notably on Monday as investors cheered positive global cues and encouraging earnings updates from the likes of Wipro and Kotak Mahindra Bank.
Global cues were positive as investors looked forward to U.S. President-elect Trump’s inaugural speech later in the day for a fresh impetus.
Trump is expected to sign over 200 executive actions immediately, addressing issues like border security and energy production.
The benchmark 30-share BSE Sensex ended a range-bound session up 454.11 points, or 0.59 percent, at 77,073.44 while the broader NSE Nifty index closed at 23,344.75, up 141.55 points, or 0.1 percent, from its previous close.
The S&P BSE Mid-Cap index and the S&P BSE Small-Cap index gained 0.7 percent and 0.8 percent, respectively.
The market breadth was positive. On the BSE, 2,501 shares rose and 1,559 shares fell while a total of 168 shares were unchanged.
Wipro jumped 6.6 percent after Q3FY25 results exceeded projections.
Kotak Mahindra Bank soared over 9 percent on brokerage upgrades following strong Q3 performance.
Bajaj-twins rallied, with Bajaj Finance and Bajaj FinServ both rising over 3 percent.
NTPC climbed 2.7 percent after an update on its capex expansion.
Among the prominent decliners, Adani Ports, HDFC Life, Shriram Finance, Trent and SBI Life fell 1-3 percent.
Market Analysis
Sensex, Nifty End Higher Before Trump Inauguration
2025-01-20 10:24:34
