Indian benchmark indices ended a 4-day losing streak, with the S&P BSE Sensex rising by 169.62 points to close at 76,499.63.
* The Nifty index increased by 90.10 points, closing at 23,176, driven by gains in PSU Banks, metals, and auto sectors.
* The market experienced a gap-up opening, indicating positive investor sentiment after recent declines.
The Nifty IT index has outperformed the Nifty 50 over the past two years, with returns of 55.6% compared to 29.6%, driven by improving macroeconomic conditions and rate cuts.
* Analysts maintain a positive outlook for the IT sector into CY25, despite concerns over potential restrictive trade policies under the incoming US administration and seasonal furloughs affecting growth.
HDFC Life, Bank of Maharashtra, and LTTS are set to announce their third quarter results today, drawing market attention amid a slight recovery in stock prices.
* Adani Energy Solutions secured transmission projects worth Rs 28,455 crore, increasing its project pipeline to Rs 54,700 crore, indicating strong growth prospects.
Laxmi Dental IPO is set to close today, January 15, with final subscription figures being monitored closely.
* The company, established in July 2004, specializes in dental products and is currently attracting investor interest.
On January 14, 2025, domestic institutional investors (DIIs) net bought shares worth Rs 7,901 crore, while foreign institutional investors (Flls) net sold shares worth Rs 8,132 crore, marking the largest single-day selling by Flls this year.
* For the year to date, FIls have net sold Rs 34,377 crore, contrasting with DIIs’ net purchases of Rs 40,183 crore, indicating a significant divergence in investment behavior.
