SENSEX trades 100 pts higher, NIFTY50 trades above 23,200; Kotak Mahindra Bank surges 10%

The 30-share BSE benchmark SENSEX was trading at 76,774.74 levels, up 155 points, or 0.20%, while the NSE's NIFTY50 index was trading at 23,222.05, up 18.85 points, or 0.08%.

From the 30-share blue-chip pack, Kotak Mahindra Bank jumped 10% after the firm posted a 10% growth in its consolidated net at ₹4,701 crore, aided by the performance of capital markets-linked arms.

State Bank of India, NTPC, Power Grid, Reliance Industries, Tech Mahindra, and Bajaj Finance were the other gainers.

However, IndusInd Bank, Tata Motors, Tata Consultancy Services, Adani Ports, Axis Bank, and Mahindra & Mahindra were among the laggards.

In Asian markets, Tokyo, Shanghai, and Hong Kong traded in the positive territory while Seoul quoted lower.

US markets ended in the green on Friday.

"Globally stock markets will be in a wait and watch mode as Trump 2.0 unfolds today. Markets will wait and watch for the nature of the decisions and their likely impact," V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.

Global oil benchmark Brent crude dipped 0.17% to $80.65 a barrel.

Foreign institutional investors (FIIs) offloaded equities worth ₹3,318.06 crore on Friday, according to exchange data.

The BSE benchmark declined 423.49 points or 0.55% to settle at 76,619.33 on Friday. The Nifty dropped 108.60 points or 0.47% to 23,203.20.

Zomato, the leading restaurant aggregator and food delivery company, is slated to declare its December quarter (Q3 FY25) results on Monday, January 20.

The company's shares, after giving humongous returns, have, of late, taken a breather. The stock is down nearly 12% in the past 30 days. However, in the past 12 months, the share price of the company has zoomed over 91%.