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Markets end higher led by IT stocks; Infosys, TCS surge while Tata Motors, Powergrid drop 
Breaking India News Today | In-Depth Reports & Analysis – IndiaNewsWeek > Economy > Technology stocks drive up markets, Tata Motors and Powergrid see declines
Economy

Technology stocks drive up markets, Tata Motors and Powergrid see declines

January 22, 2025 2 Min Read
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The BSE Sensex and NSE Nifty experienced a positive session on Wednesday, with share prices of Infosys Ltd., Tata Consultancy Services (TCS), Tech Mahindra Ltd., and Sun Pharma showing notable gains. On the flip side, Tata Motors Ltd., Power Grid Corporation, Axis Bank Ltd., and State Bank of India were among the top losers.

Closing at 76,404.99, the Sensex saw a rise of 0.75 per cent or 566.63 points, while the Nifty ended 0.57 per cent or 130.70 points higher at 23,155.35.

Infosys emerged as the top gainer on the Sensex, registering a 3.16 per cent increase to close at ₹1,856.60. TCS followed closely with a gain of 2.97 per cent, ending at ₹4,154.00. Tech Mahindra also performed well, with a 2.28 per cent increase to close at ₹1,677.65. Sun Pharma and Bajaj Finserv recorded gains of 1.78 per cent and 1.63 per cent respectively, closing at ₹1,793.15 and ₹1,743.45.

On the other hand, Tata Motors saw a decline of 2.24 per cent to close at ₹742.95, making it one of the top losers. Power Grid dropped by 1.24 per cent to ₹298.55, Axis Bank fell by 1.02 per cent to end at ₹959.85, and State Bank of India shares declined by 0.76 per cent to close at ₹753.25. NTPC experienced a modest decline of 0.56 per cent, ending at ₹322.45.

The overall market sentiment was positive, led by the strong performance of IT stocks, with Infosys and TCS leading the pack. The trading day concluded with a mix of gains and losses, reflecting the dynamics of the market on that particular day.

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