Markets rally in early trade on firm global trends, surge in Kotak Mahindra Bank

Image for practice only | Photo Credit: Paul Noronha

Stock marketplace benchmark indices Sensex and Nifty rallied successful aboriginal commercialized connected Monday (January 20, 2025), in-line with steadfast planetary marketplace trends and a crisp leap successful Kotak Mahindra Bank shares.

The 30-share BSE benchmark Sensex climbed 398.21 points to 77,017.54 successful aboriginal trade. The NSE Nifty went up 105.15 points to 23,308.35.

From the 30-share blue-chip pack, Kotak Mahindra Bank jumped 9% aft the steadfast posted a 10% maturation successful its consolidated nett astatine ₹4,701 crore, aided by the show of superior markets-linked arms.

State Bank of India, NTPC, Power Grid, Reliance Industries, Tech Mahindra and Bajaj Finance were the different gainers.

However, IndusInd Bank, Tata Motors, Tata Consultancy Services, Adani Ports, Axis Bank and Mahindra & Mahindra were among the laggards.

In Asian markets, Tokyo, Shanghai and Hong Kong traded successful the affirmative territory portion Seoul quoted lower.

U.S. markets ended successful the greenish connected Friday.

"Globally banal markets volition beryllium successful a hold and ticker mode arsenic Trump 2.0 unfolds today. Markets volition hold and ticker for the quality of the decisions and their apt impact," V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.

Global lipid benchmark Brent crude dipped 0.17% to $80.65 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worthy ₹3,318.06 crore connected Friday, according to speech data.

The BSE benchmark declined 423.49 points oregon 0.55% to settee astatine 76,619.33 connected Friday. The Nifty dropped 108.60 points oregon 0.47% to 23,203.20.

Published - January 20, 2025 10:51 americium IST