On Monday, January 20, 2025, Indian stock markets opened higher, with BSE Sensex up 301.89 points, or 0.39%, at 76,921.22, and Nifty50 gaining 71.65 points, or 0.31%, at 23,274. The top gainers on the BSE Sensex were Kotak Mahindra Bank, SBI, Reliance Industries, Bajaj Finance, and Bharti Airtel. Meanwhile, IndusInd Bank, Adani Ports, Tata Motors, Tata Steel, and ICICI Bank experienced losses.
On the Nifty50, Kotak Mahindra Bank led the gains with an 8.22% rise, followed by Wipro, SBI, NTPC, and Reliance Industries. Shriram Finance, SBI Life, IndusInd Bank, and Tata Motors were the key losers. Sector-wise, Private Banks, Media, and Consumer Durables performed well, while the Auto, Metal, and Pharma sectors saw declines.
The broader market also showed mixed trends, with the Nifty Midcap 100 gaining 0.07% and the Nifty Smallcap 100 marginally lower by 0.02%.
Investors are cautiously watching global developments, especially US President-elect Donald Trump's inauguration, which may influence market sentiment. Despite weaker earnings reports in some sectors, Reliance Industries reported a strong recovery, boosting non-financial corporate earnings. The Indian markets are also absorbing the ongoing correction and await further earnings data.
Additionally, mutual funds saw strong asset growth, and in the primary market, IPOs like Laxmi Dental Limited and Stallion India Fluorochemicals Limited are making waves. Global markets, including Asia-Pacific, were also trading higher ahead of Trump's inauguration, with MSCI's global equity index rising.
Economic data from the US showed positive signals, with manufacturing output and homebuilding activity increasing, boosting investor sentiment globally. Meanwhile, oil prices weakened but remained high due to ongoing supply concerns, and gold prices saw fluctuations as investors hedge against future uncertainties surrounding US policies.
