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Indian benchmark indices Sensex and Nifty 50 are likely to see a firm opening on January 24, tracking cues from GIFT Nifty trading around 23,303.50, a short while ago this morning.

Indian benchmark indices, Sensex and Nifty, extended gains from the previous session and ended higher on January 23, albeit off their day's highs. However, it was the broader markets--which houses small and midcaps, that staged a sharp rebound from yesterday's selloff, outperforming their larger cap peers.

On Thursday, the 30-share benchmark index ended at 76520.38 up by 115.39 points or by 0.15 % and then NSE Nifty was at 23205.35 up by 50 points or by 0.22 %.

On the global front, Asia-Pacific markets saw gains on Friday following record highs in the S&P 500 on Thursday, driven by US President Donald Trump's calls for lower interest rates and cheaper oil prices.

In Japan, core inflation reached a 16-month high of 3 per cent in December compared to the previous year, strengthening the case for a rate hike by the Bank of Japan. The inflation data came ahead of the central bank's monetary policy meeting, where analysts anticipate the first rate hike in 17 years.

Nikkei rose 0.46 per cent while the Kospi gained 0.92 per cent. ASX 200 increased 0.40 per cent. Meanwhile, in Singapore, the central bank adjusted its monetary policy settings downward, aligning with expectations amid rising core inflation levels in December.

In the US, stocks closed higher as all three major indexes finished in the green. The S&P 500 rose 0.53 per cent, marking a new all-time intraday high for the second consecutive session. The Dow Jones gained 0.92 per cent, while the Nasdaq Composite increased 0.22 per cent, Thursday was the fourth consecutive winning session for all three major indexes. Back home, Top traded Volumes on NSE Nifty – Wipro Ltd. 39904371.00, Axis Bank Ltd. 24649522.00, Tata Steel Ltd. 20722538.00, Bharat Petroleum Corporation Ltd. 18806324.00, HDFC Bank Ltd. 17454579.00,

On NSE, total number of shares traded was 270.66 Crore and total turnover stood at Rs. 94927.46 Crore. On NSE Future and Options, total number of contracts traded in index futures was 296433 with a total turnover of Rs. 21518.83 Crore. Along with this total number of contracts traded in stock futures were 2002211 with a total turnover of Rs. 123164.43 Crore. Total numbers of contracts for index options were 233909399 with a total turnover of Rs. 35191606.06 Crore. and total numbers of contracts for stock options were 10764461 with a total turnover of Rs. 695673.57 Crore.

The FIIs on 23/01/2025 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 14399.56 Crore and gross debt purchased stood at Rs. 1073.94 Crore, while the gross equity sold stood at Rs. 17417.61 Crore and gross debt sold stood at Rs. 783.52 Crore. Therefore, the net investment of equity and debt reported were Rs. -3018.05 Crore and Rs. 290.42