Daijiworld Media Network - Mumbai
Mumbai, Jan 22: Indian equity markets bounced back on Thursday, ending a three-session losing streak as improved global cues and easing geopolitical concerns helped restore investor confidence.
Sentiment turned positive after US President Donald Trump indicated that tariffs on European Union nations would not be imposed on February 1. He also referred to a “framework for a future deal” involving NATO and Greenland, while his remarks about a potential “great” trade agreement between the US and India further supported market optimism and buying interest.
Benchmark indices closed firmly in the green. The BSE Sensex advanced 397.74 points, or 0.49 per cent, to settle at 82,307.37, while the NSE Nifty gained 132.4 points, or 0.53 per cent, ending the session at 25,289.9.
Market participants said the technical structure of the Nifty remains stable as long as it holds above the 25,120 level, which could allow a gradual move toward the 25,400–25,500 zone. Analysts noted that a strong close above 25,600 would be needed to signal a decisive bullish breakout, while a failure to defend current support levels could invite fresh downside pressure.
Heavyweight stocks led the recovery on the BSE, with Adani Ports, Bharat Electronics (BEL), State Bank of India, and Tata Steel posting notable gains. However, stocks such as Eternal, Titan, Maruti Suzuki, and ICICI Bank ended lower, limiting the upside to some extent.
Sectoral performance was largely positive, with most indices finishing in the green. Nifty PSU Bank and Nifty Media stood out as the top gainers, each rising more than 2 per cent. Nifty Realty and Consumer Durables were the only sectors to close lower.
Broader markets also mirrored the upbeat mood. The Nifty MidCap 100 index climbed 1.34 per cent, while the Nifty SmallCap index rose 0.76 per cent.
Market experts said the near-term outlook remains range-bound with a cautiously positive bias. They advised a strategy of buying on dips near key support levels and booking profits near resistance until a clear directional breakout emerges.