The Indian equity market began the week on a positive note, with benchmark indices recovering all losses from the previous session, gaining 0.5 per cent. Financial, power, and telecom stocks led the rally.

The BSE Sensex stood at 604.54 points or 0.79 per cent to 77,223.87. Nifty stood at 23,335.35, up 132.15 points or 0.57 per cent.

Indian stock markets declined due to drops in IT and banking stocks, with Infosys and Axis Bank reporting disappointing results. Other factors include concerns over US policy changes ahead of Donald Trump's inauguration,

A strong rally in banking and metal stocks has propelled the Indian markets to close higher at the end of Monday's session (January 20). Apart from the strong earnings reported by Kotak Mahindra Bank and IT major Wipro,