Sensex, Nifty Rally on Global Trends, Kotak Mahindra Bank Surge
By Rediff Money Desk, Mumbai Jan 20, 2025 10:03
Indian stock markets opened higher on Monday, driven by positive global cues and a sharp rise in Kotak Mahindra Bank shares. Sensex gained over 398 points, while Nifty climbed over 105 points.

Photograph: Kind courtesy Geralt/Pixabay
Mumbai, Jan 20 (PTI) Stock market benchmark indices Sensex and Nifty rallied in early trade on Monday, in-line with firm global market trends and a sharp jump in Kotak Mahindra Bank shares.
The 30-share BSE benchmark Sensex climbed 398.21 points to 77,017.54 in early trade. The NSE Nifty went up 105.15 points to 23,308.35.
From the 30-share blue-chip pack, Kotak Mahindra Bank jumped 9 per cent after the firm posted a 10 per cent growth in its consolidated net at Rs 4,701 crore, aided by the performance of capital markets-linked arms.
State Bank of India, NTPC, Power Grid, Reliance Industries, Tech Mahindra and Bajaj Finance were the other gainers.
However, IndusInd Bank, Tata Motors, Tata Consultancy Services, Adani Ports, Axis Bank and Mahindra & Mahindra were among the laggards.
In Asian markets, Tokyo, Shanghai and Hong Kong traded in the positive territory while Seoul quoted lower.
US markets ended in the green on Friday.
"Globally stock markets will be in a wait and watch mode as Trump 2.0 unfolds today. Markets will wait and watch for the nature of the decisions and their likely impact," V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.
Global oil benchmark Brent crude dipped 0.17 per cent to USD 80.65 a barrel.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,318.06 crore on Friday, according to exchange data.
The BSE benchmark declined 423.49 points or 0.55 per cent to settle at 76,619.33 on Friday. The Nifty dropped 108.60 points or 0.47 per cent to 23,203.20.
The 30-share BSE benchmark Sensex climbed 398.21 points to 77,017.54 in early trade. The NSE Nifty went up 105.15 points to 23,308.35.
From the 30-share blue-chip pack, Kotak Mahindra Bank jumped 9 per cent after the firm posted a 10 per cent growth in its consolidated net at Rs 4,701 crore, aided by the performance of capital markets-linked arms.
State Bank of India, NTPC, Power Grid, Reliance Industries, Tech Mahindra and Bajaj Finance were the other gainers.
However, IndusInd Bank, Tata Motors, Tata Consultancy Services, Adani Ports, Axis Bank and Mahindra & Mahindra were among the laggards.
In Asian markets, Tokyo, Shanghai and Hong Kong traded in the positive territory while Seoul quoted lower.
US markets ended in the green on Friday.
"Globally stock markets will be in a wait and watch mode as Trump 2.0 unfolds today. Markets will wait and watch for the nature of the decisions and their likely impact," V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.
Global oil benchmark Brent crude dipped 0.17 per cent to USD 80.65 a barrel.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,318.06 crore on Friday, according to exchange data.
The BSE benchmark declined 423.49 points or 0.55 per cent to settle at 76,619.33 on Friday. The Nifty dropped 108.60 points or 0.47 per cent to 23,203.20.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 9.12 ( -3.70)
- 28487876
- Srestha Finvest
- 0.65 ( -5.80)
- 17244407
- Murae Organisor
- 1.85 (+ 4.52)
- 16017942
- Quadrant Televenture
- 0.52 (+ 4.00)
- 15423224
- Sunshine Capital
- 0.86 ( -4.44)
- 12894409
MORE NEWS
NFL Net Profit Slumps 70% in December Quarter
National Fertilizers Ltd (NFL) reported a 70% decline in net profit to Rs 45.81 crore...

Reliance Launches 'Spinner' Sports Drink with...
Reliance enters the sports drink market with 'Spinner', co-created with Muttiah...

Metal Stocks Slump on US Tariffs: SAIL, Tata...
Metal stocks plunged on Monday after US President Donald Trump announced new tariffs on...