Last week, the 30-share BSE benchmark fell by 1,144.8 points or 1.57 per cent. The NSE and BSE conducted normal trading sessions on January 20.
Read More: Stock Market Holiday: Public issues worth over ₹1,900 crore deferred by a day
Stock Market Updates Today: On January 23, Indian indices commenced trading on a positive note, with the Nifty surpassing 21,700. The Sensex registered an increase of 581.06 points, equivalent to 0.81 percent, reaching 72,004.71. Simultaneously, the Nifty observed a gain of 170.10 points, or 0.79 percent, reaching 21,741.90.
Among the listed stocks, 1953 showed an upward trend, 648 experienced a decline, and 149 remained unchanged.
Trends To Dominate Markets This Week
Quarterly earnings, global trends and trading activity of foreign investors will drive stock markets in this holiday-shortened week.
Equity markets would also remain closed on Friday for Republic Day.
From the Q3 results front, Axis Bank, JSW Energy, Bajaj Auto, DLF, ACC and JSW Steel would announce their earnings this week.
Read More: Mcap Of Five Of Top-10 Most Valued Firms Erode By Rs 1.67 Lakh Crore
Last week, the 30-share BSE benchmark fell by 1,144.8 points or 1.57 per cent. The NSE and BSE conducted normal trading sessions on January 20.
“Anticipations surrounding the upcoming budget may drive stock and sector-specific movements. Globally, attention will be directed towards Japan’s monetary policy and the US economic data, with a continued watch on geopolitical developments,” Santosh Meena, Head of Research, Swastika Investmart Ltd, said.
The past week witnessed continued volatility in the market, characterised by Nifty and Sensex ending with a substantial decline of over 1 per cent, exacerbated by Bank Nifty’s notable underperformance, primarily attributed to a significant drop in HDFC Bank’s shares post earnings, Meena said.
Read More: Nova Agritech IPO To Now Open for Subscription on January 23 | Check Key Details Here
The aggressive selling by Foreign Institutional Investors (FIIs) following HDFC Bank’s results added further pressure to the overall market, he added.
Trading pattern of global oil benchmark Brent crude and rupee-dollar trends would also influence trading in the markets.
