Indian stock markets closed higher on Jan 12, ending a five‑day losing streak as the Nifty climbed back to around 25,800.
Market Snapshot
The Sensex rose 302 points (0.36%) to finish at 83,878, while the Nifty gained 107 points (0.42%) to end at 25,790.
Mid‑cap and small‑cap indices kept falling, down 0.4% and 0.7% respectively.
Sector Highlights
- Metal stocks jumped about 2%.
- PSU bank stocks rose 0.7%.
- FMCG stocks gained 0.6%.
- Capital goods, pharma, media and realty fell between 0.5% and 1.5%.
Top Gainers and Losers
Big gainers on the Nifty included Coal India, Trent, Asian Paints, Tata Steel and JSW Steel.
Notable losers were Eicher Motors, Infosys, Bajaj Finance, Tata Motors Passenger Vehicles and Bajaj Auto.
Individual Stock Moves
- Lemon Tree Hotels +2% after Warburg Pincus announced a full buy‑out.
- Signature Global –4.7% as Q3 pre‑sales fell 27%.
- IREDA +3.7% on a 37% jump in Q3 profit.
- Shakti Pumps +4% after winning an order worth ₹654 crore.
- Embassy Developments +5% on a 15% rise in Q3 collections.
- KP Green +3.6% after securing an ₹819 crore order from BSNL.
- Tanfac Industries +3% after signing a long‑term supply deal with a Japanese customer.
Analyst Views
HDFC Securities
After a weak start, the Nifty recovered strongly and closed with a solid gain. The chart shows a long bullish candle, suggesting short‑term upside. The next target could be the 26,000–26,100 range.
Kotak Securities
The market bounced back sharply from early lows. A buy‑on‑dip and sell‑on‑rally approach is recommended for day traders. Key support levels are around 25,650–25,600, while resistance sits near 25,900–25,950.
Disclaimer
These observations are for informational purposes only and not investment advice. Always do your own research or consult a qualified advisor before making any decisions.