Nifty above 25,700 level; IT shares advance
At 10:30 IST, the barometer index, the S&P BSE Sensex, jumped 202.96 points or 0.24% to 83,480.11. The Nifty 50 index rose 39.95 points or 0.16% to 25,721.45.
The broader market outperformed the frontline indices. The BSE 150 MidCap Index added 0.32% and the BSE 250 SmallCap Index rose 0.84%.
The market breadth was strong. On the BSE, 2,435 shares rose and 1,139 shares fell. A total of 208 shares were unchanged.
Economy:
Indias total exports (merchandise and services combined) for January 2026 are estimated at US$ 80.45 billion, registering a positive growth of 13.17% vis-vis January 2025. Total imports (merchandise and services combined) for January 2026 are estimated at US$ 90.83 billion, registering a positive growth of 18.76% vis-vis January 2025. Indias total exports during April-January 2025-26 are estimated at US$ 720.76 billion, registering a positive growth of 6.15%. Total imports during April-January 2025-26 are estimated at US$ 823.41 billion, registering a growth of 6.54%.
Merchandise exports during January 2026 were US$ 36.56 billion as compared to US$ 36.34 billion in January 2025. Merchandise imports during January 2026 were US$ 71.24 billion as compared to US$ 59.77 billion in January 2025. The estimated value of services export for January 2026 is US$ 43.90 billion as compared to US$ 34.75 billion in January 2025. The estimated value of services imports for January 2026 is US$ 19.60 billion as compared to US$ 16.71 billion in January 2025.
Major drivers of merchandise exports growth in January 2026 include engineering goods, petroleum products, meat, dairy & poultry products, marine products, and iron ore. Engineering goods exports increased by 10.37% from US$ 9.42 billion in January 2025 to US$ 10.40 billion in January 2026, while petroleum products exports increased by 8.55% from US$ 3.48 billion in January 2025 to US$ 3.77 billion in January 2026.
Buzzing Index:
The Nifty IT index rose 2.02% to 33,397.85. The index added 2.19% in the two consecutive trading sessions.
Persistent Systems (up 2.43%), Coforge (up 2.41%), HCL Technologies (up 1.92%), Oracle Financial Services Software (up 1.73%), Wipro (up 1.47%), Tech Mahindra (up 1.38%), Mphasis (up 1.34%), LTIMindtree (up 1.21%) and Tata Consultancy Services (up 1.2%) rose.
Stocks in Spotlight:
Highway Infrastructure soared 6.82% after the company said it has secured a contract from the National Highways Authority of India (NHAI) for toll operations on key stretches of the VadodaraMumbai Expressway in Gujarat.
Infosys advanced 2.83% after the company announced a strategic collaboration with Anthropic, an AI safety and research company, to develop and deliver advanced enterprise AI solutions to companies across industries.
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