OPENING BELL: Stock Market Began With Huge Gains Today

The Indian stock market began with huge gains today, January 19, 2024. At 10.25 am, the Sensex gained 600 points and is trading at 71,786.07 points, and the Nifty gained 179 points and is trading at 21,641.20 points. Meanwhile, the Indian rupee is trading at 83.14 against the US dollar today.

Meanwhile, the Indian domestic indices, the Nifty 50 and the Sensex, jumped at least one percent in early deals today, January 19, after three days of losses amid positive global cues. However, the Nifty 50 opened at 21,615.20 against the previous close of 21,462.25, and the Sensex opened at 71,786.74 against the previous close of 71,186.86.

In the same way, the mid- and small-cap indices on the Bombay Stock Exchange (BSE) also jumped at least one percent. Meanwhile, shares of banking and IT heavyweights, including HDFC Bank, ICICI Bank, TCS, Infosys, and Axis Bank, witnessed decent gains in the morning session of today.

For the past three consecutive sessions, both the Nifty 50 and the Sensex have seen a downturn of 3% each. In light of the stock market correction, investors are poised to capitalize on the opportunity by acquiring high-quality stocks.