Sensex Rebounds Over 1,000 Points From Day’s Low; Nifty 50 Ends Near 25,800 on India-US Trade Deal Hopes
The Indian stock market snapped its five-day losing streak on Monday, January 12, as benchmark indices staged a sharp intraday recovery on value buying and optimism surrounding a potential India-US trade deal.
The BSE Sensex settled at 83,878.17, gaining 302 points or 0.36%. Notably, the index rebounded nearly 1,017 points from its intraday low of 82,861, highlighting strong buying interest at lower levels.
Meanwhile, the Nifty 50 closed at 25,790.25, up 107 points or 0.42%, after recovering sharply from early-session losses.
However, the broader market underperformed the frontline indices. The BSE Midcap index declined 0.41%, while the Smallcap index fell 0.68%, indicating selective buying.
The total market capitalisation of BSE-listed companies rose marginally to around ₹469 lakh crore, compared with nearly ₹468 lakh crore in the previous session.
Indian Stock Market Today: 10 Key Highlights
1. Why did the Indian stock market rise today?
The rebound was driven by value buying in oversold stocks after heavy selling over the past five sessions, during which benchmarks had fallen more than 3%.
Investor sentiment improved after remarks from US Ambassador-designate Sergio Gor, who indicated that India and the US are actively working to resolve trade-related differences.
Market experts noted that positive commentary ahead of the next round of trade negotiations boosted confidence, particularly in banking and consumption-related stocks, amid expectations of stronger Q3 earnings.
2. Top gainers on the Nifty 50
Coal India: +3.39%
Tata Steel: +2.75%
Asian Paints: +2.50%
3. Top losers on the Nifty 50
Infosys: −1.02%
Tata Motors Passenger Vehicles: −1.00%
Bajaj Finance: −1.00%
4. Sectoral performance
Nifty Metal jumped nearly 2%
Nifty PSU Bank rose 0.65%
Nifty FMCG gained 0.59%
Nifty Bank advanced 0.34% to 59,450.50
On the downside:
Nifty Media fell 1.55%
Nifty Realty declined 1.22%
5. Most active stocks by volume (NSE)
Vodafone Idea – 103.7 crore shares
IFCI – 27.3 crore shares
Tata Silver ETF – 22 crore shares
6. Seven stocks surge over 15% on the BSE
Shares of JTL Industries, Faze Three, and Rukmani Devi Garg Agro Impex were among the stocks that rallied more than 15% during the session.
7. Market breadth
Out of 4,485 stocks traded on the BSE:
1,468 stocks advanced
2,837 stocks declined
180 stocks remained unchanged
8. Over 80 stocks hit 52-week highs
Around 82 stocks, including Alkem Laboratories, Emcure Pharmaceuticals, and Tamilnad Mercantile Bank, touched their 52-week highs.
9. More than 500 stocks hit 52-week lows
As many as 532 stocks, including ITC, IRCTC, Tube Investments of India, United Breweries, and Page Industries, slipped to their 52-week lows.
10. Nifty 50 technical outlook
Market analysts said the Nifty’s ability to hold the 25,600 support zone is encouraging. However, strong resistance is placed between 25,900 and 26,000.
Technical indicators suggest early signs of recovery, but experts advise caution as selling pressure may re-emerge near higher levels.
0 Comments