Taking Stock | Nifty above 18,000; Sensex gains 562 points led by FMCG, power and capital goods

Indian equity benchmark erased the previous session's losses and ended on a strong note on January 17, with the Nifty above 18,000 amid buying seen across the sectors, barring PSU banks.

After a muted start, the market picked up momentum and extended the gains as the day progressed with the Nifty comfortably closing above 18,000.

At close, the Sensex was up 562.75 points or 0.94 percent at 60,655.72, and the Nifty was up 158.50 points or 0.89 percent at 18,053.30.

Stocks and sectors

L&T, HUL, HDFC, HCL Technologies and HDFC Bank were among the top gainers on the Nifty, while losers included SBI, IndusInd Bank, Bajaj Finserv, Wipro and Tata Steel.

On the sectoral front, except the Nifty PSU bank (shed nearly 2 percent) all other indices ended on a positive note with energy, FMCG and infra rising 1 percent each, while auto and information technology indices up 0.5 percent each.

The BSE midcap and smallcap indices ended flat.

On the BSE, capital goods, FMCG, realty and power indices rose 1 percent each, while auto, information technology and oil & gas added 0.5 percent each.

Index	Prices	Change	Change%
Sensex	83,467.66	862.23	+1.04%
Nifty 50	25,585.30	261.75	+1.03%
Nifty Bank	57,422.55	622.65	+1.10%

Nifty 50 25,585.30 261.75 (1.03%)

Thu, Oct 16, 2025

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
Nestle	1,276.60	55.20	+4.52%

Biggest Loser	Prices	Change	Change%
HDFC Life	742.85	-18.30	-2.40%

Best Sector	Prices	Change	Change%
Nifty FMCG	55853.90	1105.20	+2.02%

Worst Sector	Prices	Change	Change%
Nifty PSU Bank	7688.75	-34.35	-0.44%

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L&T, IDFC, Anant Raj, Veritas, Speciality Restaurants, Roto Pumps, are among the stocks that touched their 52-week high on the BSE

Among individual stocks, a volume spike of more than 300 percent was seen in Grasim Industries, Siemens and Indus Towers.

A short build-up was seen in Manappuram Finance, Indus Towers and Can Fin Homes. A long build-up was seen in L&T, HUL and Tata Communications.

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Outlook for January 18

Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities

Markets were extremely lacklustre with a negative bias in the last few sessions and global indices were witnessing an upward bias due to hopes of demand revival following the reopening of China and cooling inflation data in the US.

Indian markets also rallied back sharply as we had missed the recent upsurge, although the undertone remains cautious to negative bias.

Even as the global economic scenario is seen as bleak, investors are hoping that the forthcoming Budget would announce some measures to boost the economy to overcome some of the challenges.

Technically, the market has formed a bullish candle on daily charts and a higher bottom formation on intraday charts, which is indicating a further uptrend from the current levels.

For the trend-following traders, 17,950 would act as a strong support zone, above which the index could move up to 18,100-18,200 levels. On the other hand, below 17,950, the uptrend would be vulnerable and the index could slip to 17,900-17,850.

Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas

The Nifty witnessed a late surge which helped it to close with gains of 158 points. More importantly, it has managed to close above the 20-day moving average (18,035) which is a sign of strength.

The daily and hourly momentum indicator has a positive crossover which is a buy signal. Thus, all parameters are suggesting towards a sharp up move over the next few trading sessions.

In terms of levels 17,880 – 17,850 shall act as a crucial support zone while 18,280 – 18,300 shall act as an immediate hurdle zone for the Nifty.

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