Stock markets start the week on a high note:Sensex rises 400 points to 85,300, Nifty up 120 points to 26,100 as metals and IT lead

The Indian equity market opened the week on a strong note on Monday, 22 January 2025, with benchmark indices trading higher. The Sensex rose nearly 400 points to 85,300, while the Nifty gained about 120 points to trade around 26,100. Buying interest was strongest in metal and IT stocks, while banking and pharma shares also traded in the green. Global Markets Provide Support Asian markets were largely positive. South Korea’s KOSPI jumped 1.86% to 4,095, while Japan’s Nikkei surged 1.97% to 50,480. Hong Kong’s Hang Seng edged up 0.28% to 25,763, and China’s Shanghai Composite rose 0.71% to 3,917. Overnight in the US, markets also closed higher. On December 19, the Dow Jones gained 0.38% to 48,134, while the Nasdaq Composite and SP 500 advanced 1.31% and 0.88%, respectively. Strong Domestic Investor Support On December 19, foreign institutional investors (FIIs) bought shares worth ₹1,830.89 crore, while domestic institutional investors (DIIs) made net purchases of ₹5,722.89 crore. So far this month, FIIs have sold shares worth ₹19,857.37 crore, while DIIs have offset this with purchases of ₹52,032.12 crore, highlighting strong domestic support for the market. In November, FIIs sold ₹17,500.31 crore, whereas DIIs invested ₹77,083.78 crore. Market Closed Higher On Friday The market had ended higher on Friday, December 19, with the Sensex rising 447 points to close at 84,929, while the Nifty gained 150 points to settle at 25,966. Among the 30 Sensex stocks, 26 closed higher, while four declined. Tata Motors Passenger Vehicles, Power Grid, and BEL were among the top gainers, rising up to 2%.