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What Drove The Stock Markets On 20th Jan?

The Indian benchmark indices, Nifty and Sensex, both rose over 1% latest by January 19th. Reliance Infrastructure, Tata Power, Sterlite, JP Associates and NTPC stood as the top five Nifty gainers while BHEL, M&M, Bharti Airtel, Siemens and Infosys were the lost on the Nifty. Stock market saw a raise due to Positive global cues, firming rupee and quarterly results of several corporate.

Nifty was up 1.26% or 62.60 points to close at 5,018.40 and breached the 5,000 mark after a gap of 31 trading days. Sensex was also up by 1.17% or 192.27 points and closed at 16,643.74. But India Vix closed down 4.40% at 21.68.

The head of research of a brokerage house told Nifty opened with an upside gap due to Postive Euro Zone reports and also quarterly results of corporates like HDFC, Bajaj Auto and Hero Motocorp. More such results are expected from various other companies said he.

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