



Top three stocks to buy today—recommended by Ankush Bajaj for 19 January
Subscribe to enjoy similar stories. The Indian equity market ended on a mildly positive note on Friday, with the Nifty 50 closing at 25,694.35, up 28.75 points or 0.11%. The Sensex also inched higher, adding around 0.23% to finish near 83,570.
Friday’s upside was driven largely by a strong rebound in information technology stocks after better-than-expected December quarter earnings from a key large-cap IT major. Supportive global cues, including gains in US tech shares and strength in select Asian markets, further underpinned sentiment even as persistent foreign institutional selling and worries around crude and global growth capped the overall move. Within the Nifty basket, IT names dominated the gainers’ list.
Infosys surged about 5.6%, emerging as the top performer, followed by Tech Mahindra, which rallied roughly 5.3%. Wipro advanced close to 2.5%, while HCL Tech gained around 2.4%, reflecting renewed appetite for export-oriented software stocks after a period of cautious guidance and muted performance. On the losing side, select financials and defensives weighed on the index: a key diversified financial player slipped over 3%, Jio Financial Services fell about 3.1%, Cipla declined nearly 2.5%, and Hindalco shed roughly 2.4%, limiting the index’s advance despite strength in IT.
Sectorally, the Nifty IT index was the clear outperformer, jumping over 3% on broad-based buying in frontline and mid-tier technology counters. PSU banks also fared well, with the Nifty PSU Bank index gaining a little over 1% as investors selectively accumulated state-owned lenders. In contrast, the Nifty Pharma index dropped more than 1% amid profit booking in large-cap drug makers, while the Nifty Consumer Durables index slipped around 1.1%
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