On January 12, 2024, the Indian stock market witnessed a powerful surge, with both the BSE Sensex and Nifty 50 closing at fresh all-time highs. The Sensex gained over 840 points, settling at 72,568.45, while the Nifty 50 advanced by 247 points to 21,894.55. This impressive rally was predominantly fueled by a stellar performance from the Information Technology (IT) sector, spurred by better-than-expected third-quarter results from industry giants like Tata Consultancy Services (TCS) and Infosys. Infosys shares, for instance, jumped nearly 8% on the back of strong deal wins. A 'Trade setup' article, such as the one from Moneycontrol, typically provides investors with crucial information before the market opens, encompassing global market trends, domestic economic indicators, and key technical levels. For January 12, 2024, such an article would have highlighted the positive momentum from IT earnings, despite a mixed bag of global cues where US indices closed higher but FTSE and some Asian markets saw declines. Rising crude oil prices and moderate Foreign Institutional Investor (FII) selling for the week ending January 12, 2024, would also have been significant points of consideration for traders. Sector-wise, while IT, realty, and PSU banks posted strong gains, some sectors like auto, power, and healthcare ended in the red. Moneycontrol is a credible source for such pre-market analysis, providing timely and relevant information to its Indian audience.