The Indian stock market witnessed healthy buying interest on Thursday, January 22, amid short covering following the recent selloff, amid positive global cues on signs of easing geopolitical tensions.
Snapping their three-session losing streak, the Sensex rose 398 points, or 0.49%, to end at 82,307.37, while the Nifty 50 settled at 25,289.90, rising 132 points, or 0.53%.
Mid and small-cap segments outperformed as the BSE Midcap and Smallcap indices rose 1.28% and 1.13%, respectively.
The overall market capitalisation of BSE-listed firms rose to nearly ₹459 lakh crore from ₹454 lakh crore in the previous session, making investors richer by about ₹5 lakh crore in a single session.
10 key highlights from the Indian stock market today
1. Why did the market rise?
The rebound in the market can be attributed to easing tensions between the US and Europe after President Donald Trump softened his stance on Greenland.
Optimism surrounding a potential India-US trade deal also boosted sentiment.
“The domestic market staged a rebound, supported by signs of relief following President Trump’s positive remarks at the Davos meeting regarding Greenland and tariffs,” Vinod Nair, Head of Research, Geojit Investments, noted.
“The initial set of corporate earnings did little to support current valuation levels. Nevertheless, investors have not ruled out the potential upside from a robust domestic demand environment, which could become more visible in the upcoming round of quarterly earnings announcements. Looking ahead, markets will closely monitor U.S. GDP growth and core inflation data later today, as well as the BoJ policy decision due tomorrow, for further cues,” Nair said.
(This is a developing story. Please check back for fresh updates.)
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Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
