Markets rally; Sensex jumps 280 pts, Nifty around 18,200

24 Jan 2023 , 10:16 AM

Indian markets were on a bull run on Tuesday’s morning trading session due to a broad-based buying across sectoral indices. Investors await major Q3 earnings. Also, this week’s trading session will be influenced by the upcoming Union Budget announcement.

At around 9:40 AM, Sensex was trading at 61,227.22 up by 285.55 points or 0.47%. The index has touched an intraday high of 61,239.85. Nifty 50 traded at 18,176.85 higher by 58.30 points or 0.32%. The index has touched an intraday high of 18,186.30. 

On NSE, the IT index climbed nearly 250 points, while the Banking jumped nearly 150 points.

Top Gainers on Nifty were – Tata Motors, Infosys, Bajaj Finserv, HDFC Bank and IndusInd Bank surging by 0.9-2%.

Top Losers on Nifty were- Grasim, Axis Bank, Ultratech Cement, JSW Steel and Power Grid dipping by 0.6-1%.

Major Q3 earnings today are – Maruti Suzuki India, HDFC Asset Management Company, Colgate-Palmolive, CG Power and Industrial Solutions, Chalet Hotels, Gateway Distriparks, Granules India, Indoco Remedies, Indus Towers, Latent View Analytics, Macrotech Developers, Motilal Oswal Financial Services, Nazara Technologies, Pidilite Industries, PNB Housing Finance, SBI Cards and Payment Services, Sona BLW Precision Forgings, Tata Coffee, TVS Motor Company, and United Spirits.

On the global front, Asian markets opened in the green led by the Japanese ‘Nikkei’ which has seen the best start to the New Year up 7%.

Further, overnight on Wall Street, US markets see strong start to the week with technology stocks leading the Nasdaq up over 224 points while Dow Jones closes with gains of 254 after being up over 400 points in intraday trade.

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