Sensex, Nifty rebound on buying in Infosys, HDFC Bank, firm global trends

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Benchmark Sensex rebounded astir 567 points and Nifty regained 23,150 level connected Wednesday (January 22, 2025) pursuing gains successful blue-chip stocks Infosys, HDFC Bank and Tata Consultancy Services, and steadfast planetary trends.

The 30-share BSE Sensex surged 566.63 points oregon 0.75% to adjacent astatine 76,404.99. During the day, the benchmark surged 624.77 points oregon 0.82% to deed an intraday precocious of 76,463.13 connected the BSE.

On akin lines, the broader NSE Nifty climbed 130.70 points oregon 0.57% to settee astatine 23,155.35. In the intraday session, the Nifty roseate 144.9 points oregon 0.63% to 23,169.55 connected the NSE.

Among Sensex shares, Infosys, Tata Consultancy Services, Tech Mahindra, Sun Pharmaceutical, Bajaj Finserv, HCL Technologies, Bajaj Finance, HDFC Bank, IndusInd Bank and Kotak Mahindra Bank were among the gainers.

Tata Motors, PowerGrid, Axis Bank, State Bank of India, NTPC, Tata Steel and Adani Ports were the large laggards.

"The benchmark indices rebounded amidst heightened volatility pursuing better-than-expected results from a large backstage bank. The IT assemblage led gains, recovering from caller losses, portion mid and small-cap stocks continued to underperform owed to valuation concerns," Vinod Nair, Head of Research, Geojit Financial Services said.

European markets were trading higher connected Wednesday. In Asian markets, Tokyo and Seoul were settled connected a affirmative enactment portion Hong Kong and Shanghai closed successful the antagonistic territory. Wall Street had ended higher connected Tuesday.

International lipid benchmark Brent Crude was trading 0.49% higher astatine USD 79.68 a barrel.

Foreign Institutional Investors (FIIs) offloaded shares worthy ₹5,920.28 crore connected Tuesday.

The BSE Sensex plummeted 1,235.08 points to settee astatine 75,838.36 and the broader NSE Nifty plunged 320.10 points to adjacent astatine 23,024.65 connected Tuesday.

Published - January 22, 2025 04:26 p.m. IST

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