Stock Market News: Sensex, Nifty 50 Bounce Back After Trump’s Tariff U-Turn

Stock Market News: Domestic equities rebounded on January 22 after falling for three consecutive sessions, as easing geopolitical tensions boosted investor sentiment. US President Donald Trump cancelled his tariff threats against Denmark and other European nations for not backing his bid to annex Greenland and also ruled out the use of military force to seize the autonomous Danish territory. Trump's U-turn helped improve overall risk appetite and offered some respite to global markets, including Indian equities.

At the close, BSE Sensex was up 397.74 points, or 0.49 per cent, at 82,307.37, while the NSE Nifty 50 was up 132.40 points, or 0.53 per cent, at 25,289.90.

The broader market indices also mirrored the exuberance in the benchmarks, as the Nifty Midcap 100 climbed 1.34 per cent, and the Nifty Smallcap 100 and the Nifty 500 rose 0.76 per cent each.

Barring Realty, Consumer Durables, All Other Sectors Closed In Green

All sectoral indices, except for realty and consumer durables, ended in the green. Nifty Realty and Nifty Consumer Durables fell 0.74 per cent and 0.87 per cent, respectively.

On the other hand, Nifty PSU Bank and Nifty Media jumped 2.34 per cent and 2.39 per cent, respectively. Nifty Pharma, Nifty Metal, Nifty FMCG, Nifty Chemical and Nifty Healthcare also surged between 1 per cent and 2 per cent. Nifty IT, Nifty Auto, Nifty Financial Services, Nifty Private Bank, and Nifty Oil and Gas also closed in the positive territory. 

Nifty 50: Top Gainers and Losers

Among the constituents of the Nifty 50 index, Dr Reddy's Laboratories jumped 5.31 per cent, and Bharat Electronics surged 3.76 per cent, emerging as the top gainers of the day.

On the other hand, Eternal (formerly Zomato) slumped 2.47 per cent after founder Deepinder Goyal resigned as the CEO. Other major losers included SBI Life, Titan, and Eicher Motors, which fell 1.48 per cent, 1.40 per cent, and 1.32 per cent, respectively. Max Healthcare, Apollo Hospital, Maruti Suzuki, ICICI Bank, and Reliance Industries also pulled the index’s gains.

Stock Market Outlook: What To Watch Next

Market participants will be tracking key economic data from the US, including the gross domestic product (GDP) growth data for Q3, initial jobless claims, and crude oil inventories due later today.

US President Trump earlier today signed the charter of the proposed “Board of Peace” at the World Economic Forum (WEF) in Davos, Switzerland, unveiling what he described as a new body aimed at resolving international conflicts.

At the WEF, global leaders, policymakers and business tycoons have gathered to discuss economic and geopolitical issues. The annual summit began on January 19 and is scheduled to conclude on January 23. Market participants and investors will be closely tracking developments and statements from the summit for cues on global economic policy, trade, and geopolitical risks.

With the Union Budget 2026–27 just weeks away, markets are also pricing in the event, adding to near-term volatility as investors reshuffle portfolios amid speculation over possible sector-specific policy incentives.

Further, as many as 55 BSE-listed companies are set to report their quarterly results for Q3FY26 on January 23, including Shriram Finance and Cipla from Nifty 50 index.