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		<img align="" alt="Stock brokers react to the movement share prices on BSE Sensex in Mumbai on January 23. Photo: Kamlesh Pednekar" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2018-01/23/full/1516715104-8435.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="BSE Sensex" width="620">
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		M&M (up over 4 per cent) ended as the top Sensex gainer, followed by Bajaj Auto (up 3.4 per cent). (Photo: Kamlesh Pednekar)</div></div>

Stock brokers react to the movement share prices on BSE Sensex in Mumbai on January 23. Photo: Kamlesh Pednekar

BSE Sensex

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	The domestic stock market ended in the positive territory for the second straight day on Wednesday, thanks to buying in blue-chip counters such as HDFC Bank, Infosys, Mahindra & Mahindra (M&M), and ICICI Bank.&nbsp;&nbsp;</div>
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	The S&P BSE Sensex gained 258.5 points or 0.66 per cent to settle at 39,303 levels while the Nifty50 index surpassed the 11,600-mark to end at 11,605, up 83 points, or 0.72 per cent. India VIX fell nearly 5 per cent to&nbsp;19.6 levels.&nbsp;</div>
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	M&M (up over 4 per cent) ended as the top Sensex gainer, followed by Bajaj Auto (up 3.4 per cent). On the other hand, IndusInd Bank (down nearly 2 per cent) was the biggest loser.</div>
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	Shares of Dr. Reddy&#39;s ended over 4 per cent higher at Rs 4,631.55 on the BSE after the company said it has agreed to cooperate with Russia&rsquo;s sovereign wealth fund RDIF on clinical trials and distribution of Sputnik V vaccine in India. Upon regulatory approval in India, RDIF shall supply to Dr. Reddy&rsquo;s 100 million doses of the vaccine. <a href="https://www.business-standard.com/article/markets/russia-ropes-in-dr-reddy-s-to-sell-100-mn-covid-19-vaccine-doses-stk-up-4-120091601011_1.html" target="_blank"><strong>READ MORE</strong></a></div>
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	The trend among Nifty sectoral indices was largely positive. The Nifty Pharma index gained over 2 per cent while the Nifty Auto ended over 1.5 per cent higher at 8,156 levels. Nifty Realty index also ended over 2 per cent higher at 226 levels.&nbsp;&nbsp;</div>
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	In the broader market, the S&P BSE MidCap index ended 0.21 per cent higher at&nbsp;15,046 levels while the&nbsp;S&P BSE SmallCap index settled at&nbsp;15,431, up 0.44 per cent.&nbsp;</div>
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	<strong>Global markets</strong></div>
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	European shares were mixed at the opening, but then rose, with the Stoxx 600 up around 0.3 per cent, pushed up by gains in retail stocks.</div>
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	The MSCI world equity index, which tracks shares in 49 countries, was up 0.2 per cent at the time of writing of this report, while MSCI&rsquo;s main European Index was up 0.3 per cent.</div>
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	In commodities, oil rose for a second day on Wednesday, gaining more than 2 per cent, as a hurricane closed US offshore oil and gas production and an industry report showed US crude inventories decreased.</div>
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	<strong><em>(With inputs from Reuters)</em></strong></div>

HDFC Bank, Infosys help Sensex settle 259 pts higher, Nifty ends at 11,605

Business Standard

HDFC Bank, Infosys help Sensex settle 259 pts higher, Nifty ends at 11,605 | News on Markets - Business Standard

Two pharma stocks that Ajit Mishra of Religare Broking is bullish on

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	<strong>Buy Aurobindo Pharma Limited</strong></div>
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	&nbsp;</div>
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	Last Close: Rs 818.80</div>
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	&nbsp;</div>
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	Stop loss: Rs 775</div>
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	&nbsp;</div>
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	We&rsquo;re seeing noticeable traction in the defensive pack and Aurobindo Pharma is also trading in line with the move. After making a new record high in August 2020, it retraced to the support zone of the medium-term moving average(100 EMA) on the daily chart and formed a base. All indications are in the favor of a gradual rise from hereon. We advise accumulating in the mentioned zone. <a href="https://www.business-standard.com/article/markets/two-pharma-stocks-that-ajit-mishra-of-religare-broking-is-bullish-on-120091600201_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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		<img align="" alt="" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2018-02/02/full/1517562001-6178.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="" width="620" /></div>
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'Nifty needs to close above 11,585 to negate short-term bearish trend'

Nifty index closed at the highest level in the last 5 sessions. The index has retraced 61.8% of the entire down move seen from 11,794 to 11,185. Any level above 11,585 will also surpass the previous top resistance on the daily chart. Close above 11,585 would negate the bearish setup on the short term charts and in that case Nifty could move towards the recent high of 11,794. The way sectors are getting rotated. It seems that the chances of Nifty going up are higher than going down. Support for Nifty is seen at 11,383 and with that stop loss Nifty should be held long. <a href="https://www.business-standard.com/article/markets/nifty-needs-to-close-above-11-585-to-negate-short-term-bearish-trend-120091600193_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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FII/FPI & DII trading activity on NSE, BSE and MSEI

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&gt;&gt; At 8:20 am, the index was at 11,493.20 level, down<span style="white-space:pre"> </span>40.80 points or<span style="white-space:pre"> </span>0.35%<br />

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HDFC Bank, Infosys help Sensex settle 259 pts higher, Nifty ends at 11,605

All that happened in the markets today

Two pharma stocks that Ajit Mishra of Religare Broking is bullish on

'Nifty needs to close above 11,585 to negate short-term bearish trend'

Bulk deals on NSE as on Tuesday

Bulk deals on BSE as on Tuesday

FII/FPI & DII trading activity on NSE, BSE and MSEI

Rupee check

Oil check

SGX Nifty update

Asia trades mixed

Wall Street check