The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 23,161 level, a premium of nearly 60 points from the Nifty futures’ previous close.

The stock market opened in the green for a third time this week as trading began on Wednesday, January 22, 2025, with FMCG, pharma, and IT stocks rising the most. This comes despite a huge crash the market experienced towards the end of the previous day's trading session,

Indian benchmark indices extended the selloff on Tuesdays and are poised to close at the lowest level since the June crash. Selloff in Oil and Gas stocks and banks led the declines in the benchmark index. Nifty 50 index fell below 23,000 for the first time since June 7, 2024, and Sensex fell nearly 1,300 points on Tuesday.

Trent, Adani Ports, NTPC, ICICI Bank, M&M were among biggest losers on the Nifty, while gainers included Apollo Hospitals, BPCL, Tata Consumer, JSW Steel, Shriram Finance. BSE Midcap and smallcap indices shed 2 percent each.

The trends on Gift Nifty also indicate a higher start for the Indian benchmark index. The Gift Nifty was trading around 23,290 level, a premium of nearly 23 points from the Nifty futures’ previous close.

The Nifty Auto index closed on a note on Wednesday. Shares of Bharat Forge Ltd.(up 2.07 per cent), Maruti Suzuki India Ltd.(up 1.15 per cent), Balkrishna Industries Ltd.(up 1.01 per cent), Ashok Leyland Ltd.

The Indian stock market opened on a positive note on Wednesday, with the Sensex gaining 366.08 points to open at 76,204.44, and the Nifty rising 87.60 points to start at 23,109.50.Despite the marginal uptick,