Benchmark indices Nifty and Sensex opened higher on January 20, fueled by gains in Kotak Mahindra Bank and Wipro, which lifted sentiment in the banking and IT sectors. However, weakness in the auto and metal sectors limited the rally.

Stock Market LIVE Updates | The markets remained in a consolidation phase, dropping almost one percent as the corrective trend continued last week. Ongoing selling by FIIs, mixed corporate earnings, and a significant increase in crude oil prices negatively affected investor sentiment.

Indian benchmark indices Nifty 50 and Sensex ended the previous trade session in the red. Nifty 50 closed at 23,203.20, while Sensex ended at 76,619.33. Asian shares were were in the green in early trade today.

The stock market opened in green as trading for the week began on Monday, January 20, 2025, with private banks and media stocks rising the most. At 9:20 am IST, the benchmark BSE Sensex was up by 107.

Markets in India are expected to open higher following a strong showing on Wall Street after a lower-than-expected core inflation reading there

Sensex climbed 437.73 points or 0.57 per cent to 76,767.74. Nifty stood at 23,219.55, up 133.60 points or 0.58 per cent. In the broader market, every two stocks advanced for even one that declined.

The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 23,405 level, a premium of nearly 140 points from the Nifty futures’ previous close.

The Indian market ended lower, breaking a three-day winning streak, with the Nifty closing around 23,200. This decline was driven by selling in IT and banking stocks, despite strong quarterly results from sector heavyweights Infosys and Axis Bank for the December quarter.

The Sensex slipped 423.49 points, or 0.55%, to close at 76,619.33. Likewise, Nifty 50 declined 108.60 points, or 0.47%, to end at 23.203.20.