Stock Market At Close: Sensex Rallies, Nifty Hits Mount 22K; IT Stocks Gain

The Indian stock market ended in the green for the fifth consecutive session on January 15, 2024. At close, Sensex surged 759 points at the 73,327 mark while Nifty rallied 202 points and ended the session at the 22,097 mark.

Among sectors, except metal, all other sectoral indices ended in the green with the Information Technology, PSU Bank, and Oil & Gas up 1 percent each.

Around, 1383 stocks advanced and 1217 stocks declined while 75 stocks remained unchanged.

Top Nifty50 Gainers

Top Nifty50 Losers

Asian markets end up mixed

Asian markets ended in mixed territory on January 15, 2024. At close, Nikkei gained 0.9 percent at 35,901 while Kospi added 0.4 percent at the 2,525 mark. Hang Seng ended the day lower by 0.17 percent at 16,216 level.

Also read: Union Bank, GSPL Top 2 Stocks Which Can Give Up To 14% Return

European markets trade lower

European markets were trading lower on January 15, 2024, with FTSE shed 0.18 percent at 7,611. CAC shed 0.23 percent at 7,448 while German DAX was down 0.22 percent at 16,668 level.

Stocks in the news

Wipro: up 6.37%

The share price of Wipro jumped over 6 percent after the company’s Q3 earnings exceeded expectations. Wipro’s American Depository Receipts (ADRs) also soared, nearly 18 percent up, reaching a near-20-month high of $6.35 after the company announced its results on January 12.

However, Wipro reported a 12 percent year-over-year decrease in net profit, totaling Rs 2,694 crore. Its consolidated revenue dropped by 4.4 percent year-over-year to Rs 22,205 crore. Meanwhile, the company’s net income for the third quarter of the current financial year saw a 1.8 percent quarter-over-quarter increase, reaching Rs 2,690 crore ($323.9 million).

Just Dial: up 1.82%

After the company reported a 22.3 percent year-on-year surge in net profit for Q3 FY24, the stock closed in the green. Just Dial saw its operating revenue increase by 19.7 percent year-on-year to Rs 265 crore in Q3 FY24. Meanwhile, its adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) more than doubled annually to Rs 60 crore.

In Q3 FY24, EBITDA margins expanded by 1,054 basis points year-on-year, driven by topline growth and strong cost controls.

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