Indian stock market: Here are 6 things that changed for market overnight - Gift Nifty, inflation to Q3 results

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Buy or sell: Vaishali Parekh recommends three stocks to buy today — January 15 On Friday last week, the Indian stock market indices ended the volatile session with strong gains, primarily driven by the stellar performance of IT giants such as Infosys and TCS. Today, stocks of Wipro and HCL Technologies may remain in focus after they declared their earnings after the market hours on Friday.

The Sensex hit its fresh all-time high of 72,720.96 during the session before closing the day with a robust gain of 847 points, or 1.18 per cent, at 72,568.45.The Nifty 50 hit its fresh record high of 21,928.25 during the session and closed at 21,894.55, jumping 247 points, or 1.14 per cent. “Indian markets soared to new heights in a powerful rally, driven by IT heavyweights.

Green shoots of recovery in the IT sector on the back of an improved outlook for BFSI in FY25 positively influenced market sentiments. The robust performance of PSU banking stocks is underscored by the inherent synergy between their loan portfolios and the prevailing business cycle," Vinod Nair, Head of Research, Geojit Financial Services said.

Also read: Q3 results today: Jio Financial to remain in focus, Angel One, and more companies to declare Q3 results 2024 on Monday Here are key domestic and global market cues for Sensex today: Gift Nifty was trading around 22,032 level as compared with Nifty futures’ previous close of 21,709, indicating a strong start for the Indian benchmark indices. Asian markets are trading mostly mixed after US stock market ended on a flat range-bound note on January 13 following mixed bank earnings offset cooler-than-expected inflation news that buoyed hopes for interest-rate cuts from the Federal Reserve.