Indian stock market has seen a relatively less volatile trading session today, with the close of Sensex at INR 76724, showing a marginal up move. Majority of the key indices went upwards with most sectors showing some resilience against mixed performance across stocks.
The Nifty 50 was up at INR 23213 within a little gain. NTPC is the top gainer, picking a shade above 4%, while Trent can climb by more than 3%. Other flags include Power Grid and Kotak Bank, gaining a little more than 2%. Other winners are Maruti, Tech Mahindra, Coal India, Larsen & Toubro adding muscle to the index’s strength.
The Nifty Bank closed the day in green at INR 48751, bolstered by solid banking performances. Out of which, AU Small Finance Bank gained 2.16% and Kotak Bank went up over 2%. Other noticeable sectoral contributors include banks like Canara Bank, State Bank of India, Federal Bank, IDFC First Bank, and IndusInd Bank. These contributed a largely positive sentiment for the sector.
Finally, the Nifty Next 50 settled at INR 63,639, just ahead in the gainers’ list. Zomato led the rally by advancing more than 5%, while ICICI General Insurance gained over 3%. Other gainers were Adani Green, PFC, BHEL, JSW Energy and D-Mart. Meanwhile, the index saw declines from stocks such as Divi’s Laboratories, Adani Total Gas, and Zydus Life Sciences, limiting its further rise.
The BSE 200 closed at INR 105,83, modestly advancing. A pretty strong round of gains was seen by Thermax, which surged over 7%, followed quickly by Phoenix Mills, which moved above 5%. Other major winners were HDFC AMC, which was up by more than 4%, and then by Nykaa, Zomato, Indian Hotels, and Dixon Technologies, all contributing positively to the surge.
On the whole, the atmosphere in the market has been that of relative calmness. The highlights of the day were the very strong up-trending of HDFC AMC following very impressive Q3 results. This turned the CRM on an uptick by propelling optimism to the investors. The markets had a mixed look today – gains in banks, energy, and select mid-cap stocks were managing to stem the underperformance in some sectors.
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Published on: January 14, 2025 at 8.14PM GMT.
KRS-Brindavan Redevelopment Project:
This is a Karnataka government’s ambitious act in response to the opening of the renovation project, the KRS-Brindavan garden, at the cost of an estimated sum of Rs. 2,663.74 crore, which did not receive a single bid from private developers, so the Karnataka government decided to re-float the tender only just before the auction bidding reached its deadline today.
As stated in Bhagavad Gita :
सर्वं खल्विदं ब्रह्म तज्जलानिति शान्त उपासते।
All this is indeed Brahman; that is the ultimate truth.
16th January is celebrated as National Start-up Day!
