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What happened in the Indian stock market today?

Stock Market News Today

On January 12, 2024, the Sensex achieved a new all-time high, reaching 72,720.96 during the session and ultimately closing with a robust gain of 847 points, or 1.18%, at 72,568.45.

The Nifty 50 also hit a record high of 21,928.25 and closed at 21,894.55, marking a substantial 247-point, or 1.14%, increase.

Both indices settled at fresh closing peaks. Infosys and TCS played pivotal roles in this surge, with Tata Consultancy Services rising by 3.94% and Infosys surging by 7.93%. The strong performance was followed by their third-quarter results, surpassing expectations and indicating positive demand trends.

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Impact on the stock market

In sectoral performance, only auto, power, and healthcare ended in the red, while all other indices closed in positive territory. The IT index led the gains with a notable 5% rise and a 2% increase in the realty and oil & gas indices.

Information Technology+5.14%
Oil & Gas+1.47%
PSU Banks+2.75%

Top gainers today

CompanyPriceChange (%age)
Infosys1,612.75+ 7.93%
ONGC223.40+ 5.45%
Tech Mahindra1,308.05+ 4.69%
LTIMindtree6,237.05+ 4.65%
TCS3,882.80+ 3.94%

Top losers today

CompanyPriceChange (%age)
Apollo Hospital5,795.70– 1.26%
Cipla1,309.85– 1.19%
UltraTechCement9,808.45– 1.13%
Bajaj Finserv1,651.90– 1.04%
Power Grid Corp239.50– 1.01%

Market aftermath: Impact on stocks

Bank of India hits new 52-week high

Bank of India’s stock surged over 7% to a new 52-week high of ₹129.90 on the back of a robust Q3 update, marking a 14.5% increase in January. The bank’s total business saw a significant 9.90% YoY improvement, reaching ₹12,76,389 crore. 

In Q3 FY24, gross advances grew by 11.49% to ₹5,66,081 crore, while total deposits increased by 8.66% YoY to ₹7,10,307 crore. The bank successfully raised ₹2,250 crore through a qualified institutional placement (QIP) in December 2023.

KPI green energy stocks surge 250% in a year

KPI Green Energy Hits New 52-Week High, Gains 250% in a Year on 2 MW Solar Project Order and Strong Market Performance. 

With a current share price of Rs 1,507, the solar power company received the order from Sanwariya Processors for projects to be completed by FY25.

KPI Green Energy recently announced a bonus issue and successfully raised Rs 300 crore through a QIP, further boosting investor confidence.

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Infosys surges 7% on Q3 deal wins

Infosys shares surged nearly 7% as Q3 deal wins, including $3.2 billion in large deals, fueled optimism. The net new order book stood at $2.2 billion, with 71% being net new deals, impressing analysts.

Despite a 1.7% sequential decline in December profit, Infosys recorded consolidated revenue of Rs 38,821 crore, slightly above estimates. Operating margin slipped 70 basis points to 20.5%, but the company retained its 20-22% guidance.

Crude oil prices surge

Crude oil futures surged as US-led forces targeted Houthi military sites in Yemen, elevating global tensions. At 9:16 am on Friday, March Brent oil futures rose by 1.86% to $78.85, and February WTI crude oil futures increased by 2.01% to $73.47.

On the Multi Commodity Exchange (MCX), January crude oil futures traded at a 1.65% rise, while February futures were up by 1.76% from the previous close.


In a stellar day for the Indian stock market on January 12, 2024, both the Sensex and Nifty 50 reached new all-time highs, closing with substantial gains.

Infosys and TCS played key roles in this surge, with positive Q3 results. Additionally, crude oil prices surged due to geopolitical tensions.

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