Market News
3 min read | Updated on January 22, 2025, 16:31 IST
SUMMARY
At close, the S&P BSE SENSEX stood at 76,404.99, up 566.63 points, or 0.75% while the NSE's NIFTY50 index ended at 23,155.35, up 130.70 points, or 0.57%.
The top contributors to the benchmarks' rise were Infosys, HDFC Bank, TCS, Kotak Mahindra Bank, and Sun Pharma.
At close, the S&P BSE SENSEX stood at 76,404.99, up 566.63 points, or 0.75% while the NSE's NIFTY50 index ended at 23,155.35, up 130.70 points, or 0.57%.
On NIFTY50, 26 stocks rallied while 24 fell.
The top five gainers were Wipro, Infosys, TCS, Tech Mahindra, and HDFC Bank.
The lender reported a 2.2% increase in its standalone net profit to ₹16,735.5 crore for the third quarter of the current financial year, the company said in an exchange filing on Wednesday.
In the year-ago period, the post-tax profit stood at ₹16,372.54 crore.
On Tuesday, Cyient DLM announced that its revenue grew 38% year-on-year to ₹444 crore in the December quarter. However, profit after tax was down 41.7% YoY to ₹10.8 crore.
The BSE MidCap index ended at 42,647.77, down 519.62 points, or 1.20%, while the BSE SmallCap index settled at 50,906.76, down 807.86 points, or 1.56%.
Global stocks rose on Wednesday as a flurry of new policies from US President Donald Trump and robust corporate earnings bolstered investor optimism, while tariff uncertainty kept the dollar near a two-week low.
The pan-continental STOXX 600 index rose 0.7% on Wednesday to a record intraday high. Germany's DAX, up 1.1%, was also at a record, having gained almost 7% year-to-date.
Japan's Nikkei jumped 1.6%, tracking broad gains on Wall Street. MSCI's broadest index of Asia-Pacific shares outside Japan, however, fell 0.2% as drops in Chinese and Hong Kong stocks offset broad gains elsewhere.
Chinese blue chips fell 0.9%, and Hong Kong's Hang Seng index lost 1.8%.
That left MSCI's broadest measure of global stocks up 0.2%.
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