The benchmark equity indices ended Wednesday’s trading session in positive territory. The NSE Nifty 50 jumped 130.70 points or 0.57% to settle at 23,155.35, while the BSE Sensex gained 566.63 points or 0.75% to 76,404.99.
The broader indices ended in mixed territory, with gains led by Large-cap stocks. IT and Pharma stocks outperformed while the other sectoral indices like Realty, Media, and Energy stocks plunged.
Bank Nifty index ended higher by 107.75 points or 0.22% to settle at 48,871.00. The Nifty Midcap 100 dropped 721.45 points, or 1.34%, ending the day’s trading at 53,113.50 In the broader markets, small-cap and mid-cap stocks finished in dark red.
Wipro and Infosys shares surged by 3.87% and 3.02%, respectively, emerging as the top gainers on the NSE Nifty 50 index. They were followed by TCS, Tech Mahindra, and HDFC Bank, which also registered gains over 1%.
On the other hand, the top laggards included BEL, Tata Motors, and Trent, each falling over 2%, along with Power Grid Corp and Axis Bank, which also ended the session in negative territory.
The Indian Volatility Index (India VIX) closed down by 1.65 % at 16.77.
WTI crude prices are trading at $76.21 up by 0.42%, while Brent crude prices are trading at $79.70 up by 0.32% on Wednesday, January 22, 202,5 at 3:46 PM (IST).
Nifty weekly contracts expire every Thursday unless Thursday is a trading holiday, in which case the expiry shifts to the previous trading day. Contracts are settled at the normal market closing time on the expiry day, or at a time specified by the exchange.
If the last Thursday of the expiry period coincides with a trading holiday, the expiry for individual securities is postponed to the previous trading day.
Interestingly, in MarketWatch, the expiry date for the final week’s contracts is not displayed. Instead, these contracts are treated as monthly contracts, showing only the month name and strike price.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jan 22, 2025, 4:01 PM IST
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
