Sensex resumes rally, gains 454 pts, Nifty above 23,300

The Indian stock market commenced the week with a 0.5 percent growth on Monday, recouping all losses from the last session, supported by robust advances in financial, power, and telecom counters. At close, the Sensex was up 454.11 points or 0.59 percent at 77,073.44, and the Nifty was up 141.55 points or 0.61 percent at 23,344.75.
Kotak Mahindra Bank, Wipro, Bajaj Finance, NTPC, Bajaj Finserv were the top gainers on the Nifty, while losers included SBI Life Insurance, Shriram Finance, Trent, HDFC Life, Adani Ports. On the sectoral front, except auto and FMCG, all other indices ended in the green with bank, media, metal, capital goods, PSU, telecom, power, PSU bank up 1-2 percent. BSE midcap index was up 0.66 percent and smallcap index rose nearly 1 percent, according to information.
Rupee Close:
On 20 Jan'25,the Indian rupee closed at 86.56 against the U.S. dollar on Monday, up from its close at 86.61 in the previous session, as a softer dollar gave Asian currencies some breathing room ahead of U.S. President-elect Donald Trump's inauguration later in the day, according to information.
Trading Guide:
Vinod Nair, Head of Research, Geojit Financial Services reportedly quoted as saying,a strong positive sentiment from Asian markets bolstered domestic markets, starting the week on a healthy note. Further, a robust initial set of earnings from the banking and financial sectors triggered a broad-based rally, driven by the likelihood of improved earnings in the near future. However, uncertainties surrounding Trump's policies continue to linger, with investors eagerly waiting for more clarity. Oil prices remaining high is another key concern.
Market experts have recommended four shares to buy -Andhra Sugars, Ujjivan Small Finance Bank, Fiberweb India, and NHPC.

(Business Correspondent)