Stock market today, Jan. 22 -- Favourable global indicators and a mellowed response from US President Donald Trump regarding Greenland invigorated stock market bulls on Thursday, January 22, leading to widespread buying in the Indian equity market.

The Sensex surged more than 850 points, exceeding 1%, reaching an intraday peak of 82,783, while the Nifty 50 also increased over 1% to bounce back to 25,435. The BSE Midcap and Smallcap indices experienced a rise of nearly 2% each.

Market analysts noted that reducing global trade tensions was a significant catalyst for the surge. Additionally, data released on Thursday indicated that domestic institutional investors (DII) purchased shares valued at Rs.4,181.74 crore, whereas foreign institut...