Nifty 50, Sensex today: What to expect from Indian stock market in trade on January 15
Catch Live Market Updates here On Friday last week, the domestic equity market benchmarks the Nifty 50 and the Sensex saw strong gains. 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.
Also read: Stocks to Watch: Wipro, HCLTech, Tata Consumer, Lupin “Rally in the IT sector and a 19% surge in India’s net direct tax collection supported domestic equities to make new highs on Friday. Nifty made a fresh all-time high of 21928 levels during the session and closed with handsome gains of 247 points (+1.1%) at 21894 levels. A sharp 5% up-move was seen in the IT sector after TCS and Infosys surprised the streets with their better-than-expected Q3 results.
Nifty is now just 100 points away from crossing another milestone of 22k zone. In the coming week market will take cues from Q3 results, India’s inflation, and US PPI data. HDFC Bank, HUL, Ultratech, ICICI Bank, Asian Paints, and several midcap companies will announce their Q3 results next week.
Thus, we might see stock-specific action. US markets will remain closed on Monday," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd. Here’s what to expect from Nifty 50 and Bank Nifty today: Nifty closed 21,894.55, jumping 247 points, or 1.14 per cent, recording fresh high on Friday.
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