Indian Stock Market on 23.01.25

The Nifty index wrapped up Thursday’s session at 23,155.35, logging a 0.22% gain after oscillating between 23,270.8 and 23,090.65. Similarly, the Sensex ended at 76,404.99, rising 0.15% or 115.39 points from its opening, with intraday movements spanning 76,743.54 to 76,202.12.

Broader markets outshined the benchmarks, with the Nifty Midcap 50 soaring 1.58% and the Nifty Small Cap 100 climbing 1.12%. Dalal Street’s second consecutive day of gains was bolstered by robust performance in IT and cement stocks, helping frontline indices stay in the green.

Cement stocks were among the biggest gainers, riding on Ultratech Cement’s strong Q3FY25 results. Shares of Ultratech Cement spiked nearly 7%, while JK Lakshmi Cement, JK Cement, Grasim Industries, and Kesoram Industries posted gains of up to 5%. IT stocks, too, extended their rally, with mid- and small-cap counters like Coforge, Persistent Systems, and Zensar Technologies gaining as much as 11%.

On the global stage, the UK’s FTSE 100 dipped 0.1% after touching a record high the previous day, as investors awaited clarity on U.S. President Donald Trump’s trade policies and economic strategies. Corporate earnings also influenced sentiment, with CMC Markets tumbling 14.2% on a lackluster forecast, while IG Group slipped 4.5% despite robust profits.

Closer to home, gold prices in India rose on Thursday, with 24-carat gold climbing ₹860 to ₹8,227.3 per gram, while 22-carat gold increased ₹750 to ₹7,543.3 per gram. Despite the daily uptick, gold’s month-long performance remains subdued, showing a 4.79% drop. Silver prices, however, remained steady at ₹99,500 per kg.

Investors now turn their attention to upcoming monetary policy decisions from the Federal Reserve, European Central Bank, and Bank of England, which could shape the broader market sentiment in the weeks ahead.