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What is the story about?
The equity benchmark indices BSE Sensex and NSE Nifty on Monday (January 12) staged a smart intra-day recovery after comments by US Ambassador Sergio Gor on a trade deal helped improve sentiment. All major indices recovered more than 1% from their respective lows, with the Nifty closing above the 25,750 mark.
The Sensex ended the session up 302 points at 83,878, while the Nifty gained 107 points to settle at 25,790. Nifty Bank advanced 199 points to 59,451. However, the Midcap Index closed in the red, falling 31 points to 59,717, keeping overall market breadth tilted in favour of declines. The NSE advance-decline ratio stood at 1:2.
From the Sensex basket, Coal India Ltd, Tata Steel Ltd, Asian Paints Ltd, Trent Ltd, Hindustan Unilever Ltd and SBI Life Insurance Company Ltd were the major gainers. Eicher Motors Ltd, Bajaj Finance Ltd, Bajaj Auto Ltd, Bharat Electronics Ltd, Max Healthcare Institute Ltd and Larsen & Toubro Ltd were the biggest laggards.
Also Read: Sergio Gor, US Ambassador to India, sparks market recovery ahead of trade talks
Nearly 40 stocks on the Nifty closed higher. Coal India, Tata Steel and Asian Paints emerged as the top gainers on the index. Metal stocks ended at the day’s high, with Hindustan Copper, Tata Steel and Nalcorallying up to 5%.
In the midcap space, BSE, Hindustan Zinc, IREDA, SJVN and SAIL were among the top gainers, rising 3–5%. Shakti Pumps surged 5% after the company bagged an order worth ₹654 crore from KREDL. Manappuram Finance gained 3% following a clarification on reports related to a Bain Capital deal.
On the downside, Tejas Networks declined nearly 10% after the company reported a loss of ₹196 crore in the third quarter. IREDA rose 4% after posting a 38% year-on-year increase in Q3 net profit.
Also Read: Travel Food Services shares worth over ₹10,000 crore to free up for trade today; just above IPO price
The Sensex ended the session up 302 points at 83,878, while the Nifty gained 107 points to settle at 25,790. Nifty Bank advanced 199 points to 59,451. However, the Midcap Index closed in the red, falling 31 points to 59,717, keeping overall market breadth tilted in favour of declines. The NSE advance-decline ratio stood at 1:2.
From the Sensex basket, Coal India Ltd, Tata Steel Ltd, Asian Paints Ltd, Trent Ltd, Hindustan Unilever Ltd and SBI Life Insurance Company Ltd were the major gainers. Eicher Motors Ltd, Bajaj Finance Ltd, Bajaj Auto Ltd, Bharat Electronics Ltd, Max Healthcare Institute Ltd and Larsen & Toubro Ltd were the biggest laggards.
Also Read: Sergio Gor, US Ambassador to India, sparks market recovery ahead of trade talks
Nearly 40 stocks on the Nifty closed higher. Coal India, Tata Steel and Asian Paints emerged as the top gainers on the index. Metal stocks ended at the day’s high, with Hindustan Copper, Tata Steel and Nalcorallying up to 5%.
In the midcap space, BSE, Hindustan Zinc, IREDA, SJVN and SAIL were among the top gainers, rising 3–5%. Shakti Pumps surged 5% after the company bagged an order worth ₹654 crore from KREDL. Manappuram Finance gained 3% following a clarification on reports related to a Bain Capital deal.
On the downside, Tejas Networks declined nearly 10% after the company reported a loss of ₹196 crore in the third quarter. IREDA rose 4% after posting a 38% year-on-year increase in Q3 net profit.
Also Read: Travel Food Services shares worth over ₹10,000 crore to free up for trade today; just above IPO price
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