The Nifty 50 and BSE Sensex closed higher, supported by IT and cement sectors, while broader markets recovered from recent selling pressure.

Indian benchmark indices extended the selloff on Tuesdays and are poised to close at the lowest level since the June crash. Selloff in Oil and Gas stocks and banks led the declines in the benchmark index. Nifty 50 index fell below 23,000 for the first time since June 7, 2024, and Sensex fell nearly 1,300 points on Tuesday.

Midcaps and smallcaps stole the spotlight today, staging a stellar comeback from the sharp selloff in the previous session.

The stock market opened in the red as trading began on Thursday, January 23, with FMCG, PSU bank, and energy stocks falling the most. At 9:20am, the benchmark BSE Sensex was down by 139.03 points or 0.

The Nifty 50 ended the session with a gain of 0.61% at 23,344, while the Sensex closed at 77,073, marking a 0.59% increase from the previous close.

Nifty witnessed a stable day of trade today. It opened marginally in the negative, however recovered and managed to close in the green up 50 points. On the daily charts we can observe that the Nifty is trading in the range of 23,

The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 23,137 level, a discount of nearly 60 points from the Nifty futures’ previous close.

The stock market opened in the green for a third time this week as trading began on Wednesday, January 22, 2025, with FMCG, pharma, and IT stocks rising the most. This comes despite a huge crash the market experienced towards the end of the previous day's trading session,