Stock Market Opens on a Positive Note, Sensex and Nifty Gain
New Delhi, January 15 — For the second consecutive day, domestic stock markets opened on a strong note, reflecting a positive trend during early trading hours. The session began with gains, although selling pressure soon emerged, causing a brief dip in market momentum. However, within the first 20 minutes of trading, buyers resumed purchasing, leading to a renewed upward trend. By the end of the first hour, both the Sensex and Nifty indices were trading with gains of 0.31 percent and 0.19 percent, respectively.
Top Gainers and Losers in Early Trade
After the first hour of trading, major stocks such as NTPC, Maruti Suzuki, Coal India, BPCL, and Kotak Mahindra Bank were leading the rally with gains ranging from 1.27 percent to 3.14 percent. On the downside, Bajaj Finserv, Bajaj Finance, Shriram Finance, Mahindra & Mahindra, and Axis Bank saw losses between 1.39 percent and 2.44 percent.
At this point, a total of 2,343 stocks were actively traded on the stock exchange. Among these, 1,380 stocks registered gains and were trading in the green, while 963 stocks experienced losses and were trading in the red. Out of the 30 stocks listed on the BSE Sensex, 18 were trading in positive territory, supported by buying interest, while 12 stocks faced selling pressure. Similarly, in the NSE Nifty index, 28 out of 50 stocks were trading in the green, while the remaining 22 were in the red.
Sensex and Nifty Movement
The BSE Sensex opened 400.51 points higher at 76,900.14 points. Shortly after the market opened, profit booking set in, leading to a dip that brought the index down to 76,555.94 points within the first 20 minutes. However, renewed buying interest pushed the index back up. By 10:15 AM, the Sensex was trading at 76,733.38 points, up by 233.75 points.
Similarly, the NSE Nifty began the day with a gain of 74.40 points, opening at 23,250.45 points. Following initial selling pressure, the index dipped to 23,165.30 points. However, active buying by investors helped it recover, and by 10:15 AM, the Nifty was trading at 23,220.65 points, up by 44.60 points.
Performance in the Previous Session
In the previous trading session on Tuesday, the Sensex closed with a gain of 169.62 points, or 0.22 percent, at 76,499.63 points. Meanwhile, the Nifty ended the day with a rise of 90.10 points, or 0.39 percent, closing at 23,176.05 points.
Market Outlook
Market analysts attribute the positive sentiment to strong global cues and optimism around upcoming corporate earnings. Additionally, easing concerns over inflation and expectations of a stable monetary policy have bolstered investor confidence. However, they caution that intermittent profit booking could lead to volatility in the near term.
Investors are advised to keep a close watch on sectoral performance and global market trends, which could influence the market’s direction in the coming days. The continued buying interest in heavyweight stocks is likely to provide support to the indices.
