Bank Nifty was trading at 51311.45 (0.28%). Today Bank Nifty has been trading in the range of 51628.45 to 51240.1. Nifty futures are at 51712.9 (0.27%) & with an open interest change of -1.98% which indicates Price Increase is due to short sellers covering their positions & the rally might not sustain in near future.

Benchmark NSE Nifty50 index ended up 63.21 points at 23813.4, while the BSE Sensex stood 226.59 points at 78699.07. Among the 50 stocks in the Nifty index, 29 ended in the green,

A break below the lower band of the range (23,650) could drive it down towards 23,500 (the previous week's low), but decisively surpassing the upper band (23,850) could take it towards 24,000 in the immediate term,

Analysts have given recommendations for companies including IndiGo parent InterGlobe Aviation Ltd., ITC Ltd., Lupin Ltd., Tata Consumer Products Ltd., and more.

January typically tends to be a slower month according to the past decade’s seasonality, with Nifty often closing in the red 70 per cent of the time.