Nifty again above 14,600 points

Nifty rose by 123 points in early trade on January 20. The Nifty was up by 14,666 points. The market closed right next to this point. The Sensex rose above 49,000 points. The Sensex gained 394 points. The Sensex closed at 49792.12 points.

The stock market rose to new record highs. After two days of correction, the climb that started yesterday ended today with a new height. The expectation that the new president in the US will announce a stimulus plan is the main factor driving the market. The overall trend in the market today is visible.

IT, auto and public sector banks were the top gainers. The Nifty Auto Index was up 2.34 per cent. Among the Nifty stocks, Tata Motors was the biggest gainer. Shares of Tata Motors rose 6 per cent. Of the 50 stocks in the Nifty, 38 gained.