Markets log gain for 2nd day; Sensex climbs over 200 points

Market sentiment weighed by oil prices, foreign investors; Nifty up 0.16%, Sensex gains 0.29% amid global market trends.

Benchmark indices Sensex and ticked higher for the second straight session on Wednesday (January 15, 2025), buoyed by buying in bellwether stock Reliance Industries, Zomato and Kotak Bank amid a largely firm trend in global markets.

However, elevated crude oil prices in the international markets and buying by foreign investors weighed on market sentiment, traders said.

The 30-share BSE index climbed 224.45 points or 0.29% to close at 76,724.08. During the day, it jumped 491.42 points or 0.64% to 76,991.05.

As many as 2,150 stocks advanced while 1,806 declined and 108 remained unchanged on the BSE.

The NSE Nifty advanced 37.15 points or 0.16% to 23,213.20.

"The domestic market continues to be volatile on account of elevated US bond yields, strengthening dollar, and increasing FIIs outflows. Global markets are cautious ahead of the US December CPI inflation data, which is anticipated to be in the elevated range in the short term, limiting the U.S. Fed’s ability to cut rates.

"Also, a rise in oil prices and dollar appreciation is likely to affect domestic inflation in the near future," Vinod Nair, Head of Research, Geojit Financial Services, said.