Sensex, Nifty extend gains for 2nd day on buying in IT, consumer stocks

Equity benchmark indices Sensex and Nifty extended gains for the second session on Thursday (January 23, 2025) due to intense buying in IT, consumer durables and commodity stocks amid a largely positive trend in global markets.

In a volatile trade, the 30-share index rose 115.39 points or 0.15% to settle at 76,520.38. During the session, it climbed 338.55 points or 0.44% to hit a high of 76,743.54.

The broader NSE Nifty added 50 points or 0.22% to end at 23,205.35.

From the Sensex pack, UltraTech Cement, Mahindra & Mahindra, Sun Pharmaceutical, Zomato, Tech Mahindra, Tata Steel, Tata Motors, Titan, ITC and Bajaj Finance were the major gainers.

In contrast, Kotak Mahindra Bank, HCL Technologies, PowerGrid, Reliance Industries, State Bank of India, Hindustan Unilever, IndusInd Bank, Nestle India and Axis Bank were among the laggards.

In Asian markets, Tokyo and Shanghai ended higher, while Hong Kong and Seoul closed lower.

European markets were trading higher in mid-session deals on Thursday. U.S. markets ended on a positive note in overnight trade on Wednesday.

Global oil benchmark Brent crude rose 0.20% to $79.16 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹4,026.25 crore on Wednesday, according to exchange data.