Markets today at close: After snapping a three-day losing streak, the key indices closed on a higher note. The Nifty 50 closed 132 points or 0.53% higher at 25,290, while the Sensex finished 398 points or 0.49% higher at 82,307.
“The domestic market staged a rebound, supported by signs of relief following President Trump’s positive remarks at the Davos meeting regarding Greenland and tariffs. Despite this, market sentiments remained cautious amid sustained rupee weakness and continued FII outflows. The initial set of corporate earnings did little to support current valuation levels,” said Vinod Nair, Head of Research at Geojit Investments.
Markets at 1:00 PM: The domestic equity markets were trading with mild gains as the early momentum faded. The Sensex was at 81,973.51, up 63.88 points or 0.08%, while the Nifty was at 25,195.85, higher by 38.35 points or 0.15%.
Markets at 12:00 PM: Indian equity markets were trading higher in the afternoon trade, with benchmark indices holding on to modest gains. The Sensex was up about 0.27%, while the Nifty was trading higher by nearly 0.33%. The Sensex fell by 867.33 points from the day’s high to the day’s low at this hour.
Among Sensex stocks, Bharat Electronics led the gainers, rising 2.53%, followed by Adani Ports & Special Economic Zone , which gained 2.24%. Tata Steel was up 1.98%, while State Bank of India advanced 1.57%.
On the flip side, a few stocks were under pressure in early afternoon trade. Titan slipped 1.09%, while Eternal was down 0.51%. ICICI Bank also traded lower, declining 0.41%.
Markets at 10:45 AM: Indian equity markets pared most of their early gains as the session progressed, slipping from the day’s highs. The Sensex was trading at 82,261, up 351 points or 0.43%, but well below its intraday high of 82,783. The index swung over 600 points during the session, touching a low of 82,118.
Similarly, the Nifty was at 25,289, up 132 points or 0.53%, after hitting a high of 25,435 earlier in the day. The benchmark slipped close to 190 points from its peak, with the day’s low seen at 25,245.
Markets at 9.30 AM: The stock market soon extended the gains after opening higher. The Nifty 50 surged over 240 points or 0.97% to 25,400, while the BSE Sensex rose roughly 800 points or 0.95% to 82,688.
Markets today at open, Jan 22: Indian benchmark indices Sensex and Nifty started today’s trading session on a positive note. The Sensex opened at 82,475.73, up 0.69%, while the Nifty began at 25,337.00, rising 0.7%. The early gains were supported by a rally in global markets following U.S. President Donald Trump’s remarks at the World Economic Forum in Davos, where he outlined a framework for a potential Greenland deal and ruled out the use of military force, easing earlier geopolitical concerns.
“In yet another classic TACO ( Trump Again Chickens Out) President Trump has withdrawn from his threat to ‘annex Greenland by force, if necessary.’ Instead, in Davos yesterday he said “we have reached a framework of a future deal on Greenland.” More importantly, the message that the US would ‘refrain from imposing tariffs on Europe’ takes away the threat of a US – Europe trade war which was dragging the markets down. The consequent relief rally in the market today can be significant since there are about 2 lakh short contracts in the market and the market construct is right for short-covering,” said VK Vijayakumar, Chief Investment Strategist, Geojit Investments.
“The Q3 profitability of companies has been affected by higher provisions for the new labour code commitments. But the market will shrug it off since this is a one-time commitment. Among the results announced yesterday, Eternal stands out with better-than-expected revenue and profit growth from the quick commerce business,” he added.
Key global and domestic cues to watch on January 22, 2025
GIFT Nifty started Thursday’s session on a positive note, rising about 0.5% to trade near the 25,320 mark in the early hours. Investor focus is likely to remain on global cues, particularly developments in Asian and US markets, after recent tariff-related remarks by U.S. President Donald Trump at the World Economic Forum in Davos. Movements in the currency market and changes in commodity prices may also influence sentiment as the day progresses.
Asian Markets
Asian markets moved higher on Thursday, with gains across major regions. Japan’s Nikkei 225 rose over 1%, while the broader Topix index gained 1%. South Korea’s Kospi climbed over 2%, and the Kosdaq advanced 1.29%. In Australia, the S&P/ASX 200 was trading 0.78% higher in early trade.
US markets
US stock markets moved higher on January 21, with major indices ending the session in positive territory. The Dow Jones Industrial Average climbed 588.64 points, or 1.21%, to close at 49,007.23, while the S&P 500 rose 1.16% to finish at 6,875.62. The Nasdaq Composite also gained, advancing 1.18% to settle at 23,224.82.
Trump says Greenland deal framework is in place
US President Donald Trump, during his Davos speech (January 21), said he has put together a basic framework for a future deal on Greenland following talks with NATO Secretary General Mark Rutte at the World Economic Forum in Davos. He also noted that fresh tariffs on European countries opposing his Greenland plans are no longer needed.
Trump rules out use of force, keeps focus on Greenland
During his Davos speech, Trump said the United States would not use military force to gain control of Greenland, easing earlier concerns. At the same time, he made it clear that Washington continues to seek a larger strategic role in the region and believes an agreement can be reached.
Trump cautions talks are ongoing, no final deal yet
After Trump’s comments, the White House clarified that the Greenland discussions are still at an early stage. Officials said the deal is not final and details will be shared only after all sides reach an agreement.
US dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was trading 0.03% higher at 98.82 on Thursday morning. The index evaluates the strength or weakness of the US dollar in comparison to major currencies. The basket contains currencies such as the British Pound, Euro, Swedish Krona, Japanese Yen, Swiss Franc, etc. The rupee appreciated 0.79% to close at 91.70 to the dollar on January 21.
Crude Oil
Crude oil prices moved slightly lower in early trade on Thursday. U.S. West Texas Intermediate crude was trading near $60.50 per barrel, down about 0.20%, while Brent crude was at around $65.08 per barrel, lower by nearly 0.23%.
FII, DII data
On January 21, foreign institutional investors sold Indian equities worth Rs 1,788 crore, as per provisional exchange data. At the same time, domestic institutional investors were net buyers, purchasing shares worth Rs 4,520 crore.
Gold rate today
Gold prices in India edged higher. On the MCX, February 5, 2026, gold futures were trading at Rs 1,53,116 per 10 grams in the latest update.
In the international market, gold was trading at $4,799 per ounce.
Top sectors in last trading session
Among sectoral trends, the glass sector recorded a market capitalisation gain of 2.95%, while non-ferrous metal stocks saw their market value rise by 1.98%. The transport sector also ended higher, with market capitalisation increasing by 1.32%, and internet and e-commerce companies posted a 1.25% rise in market capitalisation.
Best and worst performing business group in last trading session
Among business groups, the Arvind Mafatlal Group saw its market capitalisation rise by 3.63%, while the Vedanta Group recorded a 1.62% increase. The Ramco Group also ended higher, with its market value up by 1.32%. On the other hand, the Future Group saw a decline of 3.38% in market capitalisation, while the Yash Birla Group witnessed a sharper fall of 7.37%.