Market Highlights: Eco Survey buoys D-Street; Sensex up 741 pts, Nifty at 23,508; eyes on Budget now

Markets Today Highlights: Broader markets outperformed the benchmarks with Nifty Midcap100 and Nifty Smallcap100 indices ending higher 1.89 per cent, and 2.11 per cent, respectively.

Stock Market Highlights, Friday, January 31, 2025: Benchmark equity indices continued their northward march for the fourth consecutive session to settle with gains, as Finance Minister Nirmala Sitharaman presented the Economic Survey 2024-25 in Parliament today. After scaling the intra-day high of 77,549.92, the BSE Sensex settled at 77,500.57, up 740.76 points or 0.97 per cent from its previous close. 

 

Similarly, the NSE Nifty50 ended higher by 258.90 points or 1.11 per cent at 23,508.40 levels. The index traded in the range of 23,530.70-23,277.40 today.    

The day ended in favour of the bulls as 47 constituent stocks of Nifty50 ended higher, led by Tata Consumer, Bharat Electronics, Trent, Larsen & Toubro, and Coal India with gains of up to 6.24 per cent. Bharti Airtel, JSW Steel, Bajaj Finserv, ITC Hotels, and ICICI Bank were among the Nifty50 constituent stocks that were the top laggards with losses extending up to 0.82 per cent. 

 

  Broader markets outperformed the benchmarks with Nifty Midcap100 and Nifty Smallcap100 indices ending higher 1.89 per cent, and 2.11 per cent, respectively.   All the sectoral indices ended higher, led by Nifty FMCG, and Consumer Durables, which settled with gains of 2.04 per cent and 2.44 per cent, respectively. Among others, Nifty Auto, PSU Bank, Realty, Metal, OMCs, and select Financial Services indices ended higher by over 1 per cent each on Friday.  D-Street investors await the Union Budget 2024-25, slated to be presented in the parliament by Sitharaman tomorrow, Saturday, February 1. Notably, the Indian equity market will remain open for trading on Saturday, due to the budget presentation.

 

3:39 PM

Stock Market LIVE Updates: Here's a look at Nifty gainers and loser at close

Stock Market LIVE Updates: Tata Consumer Products, BEL, Trent were among the top gainers on Nifty50.

 

3:38 PM

Stock Market LIVE Updates: Here's a look at Sensex gainers and loser at close

Stock Market LIVE Updates: L&T, IndusInd Bank, Nestle were among the top gainers on Sensex. 

3:36 PM

Stock Market LIVE Updates: A glance at broader market

Stock Market LIVE Updates: BSE Midcap and Smallcap closed nearly 2 per cent higher.

 

3:35 PM

Stock Market LIVE Updates: Nifty50 closes 258.9 pts higher at 23,508.40

Stock Market LIVE Updates: NSE Nifty50 settled 258.9 points or 1.11 per cent higher at 23,508.4.

3:33 PM

Stock Market LIVE Updates: Sensex closes 740.76 pts higher at 77,500.57

Stock Market LIVE Updates: BSE Sensex closed 740.76 points or 0.97 per cent higher at 77,500.57.

 

 

3:27 PM

Stock Market LIVE Updates: Whirlpool of India stock hits 8-year low, tanks 31% in 2 days; here's why

Stock Market LIVE Updates: Shares of Whirlpool of India (Whirlpool) hit a near eight-year low at Rs 1,094 as they slipped 13 per cent on the BSE in Friday’s intra-day trade amid heavy volumes. In the past two days, the stock of this household appliances company has tanked 31 per cent after its parent, Whirlpool Corporation said it intends to bring down its stake in Whirlpool India to around 20 per cent from 51 per cent by late 2025. 

The stock was trading at its lowest level since March 2017. At 02:16 PM; Whirlpool was trading 10 per cent lower at Rs 1,140.80, as compared to 0.63 per cent rise in the BSE Sensex. Read more 

3:21 PM

Stock Market LIVE Updates: Eco Survey calls for policy shift to cut cereal output, boost pulses, oils

Stock Market LIVE Updates: The pre-budget document for the 2024-25 fiscal has suggested policy reforms to discourage overproduction of cereals while boosting output of pulses and edible oils, which the country currently imports to meet domestic shortages.

 

The Economic Survey 2024-25, tabled in Parliament on Friday, stressed that India's agriculture sector has "significant untapped growth potential" despite various growth initiatives. Read more 

3:14 PM

Stock Market LIVE Updates: Why Sensex rose 800 pts after FM tabled Economic Survey today

Stock Market LIVE Updates: Markets in India were climbing for the fourth straight day on Friday, January 31, a day ahead of the presentation of the Budget 2025-26. The BSE Sensex was trading 564 points, or 0.72 per cent, higher at 77,319 levels. The index touched an intra-day high of 77,549.92, around 800 points higher than its previous close. 

 

Similarly, the 50-stock NSE Nifty50 was higher by 205.60 points, or 0.88 per cent, at 23,455. It touched an intra-day high of 23,530.70, around 280 points higher than its previous close. Read more 

3:06 PM

Stock Market LIVE Updates: 3 PM Update: Sensex up over 750 pts, above 77,500; Nifty over 200 pts, near 23,500

Stock Market LIVE Updates: Around 3 PM, BSE Sensex was up 767.45 points or 1 per cent at 77,527.26. NSE Nifty was up 230.9 points or 1.01 per cent at 23,484.4. In the broader market, BSE Midcap and Smallcap were up nearly 2 per cent. 

ON Sensex, Nestle, L&T, Titan were among the top gainers on Sensex, while ITC Hotels, Bharti Airtel, Bajaj Finserv were among the top laggards. 

2:38 PM

Stock Market LIVE Updates: Economic Survey 2025 reveals what India needs to do become 'Viksit Bharat'

Economic Survey 2025 LIVE: To realise its economic aspirations of becoming Viksit Bharat by the time of the centenary of independence, India needs to achieve a growth rate of around 8 per cent at constant prices, on average, for about a decade or two. 

For FY26, we project a growth rate of between 6.3 per cent and 6.8 per cent.

To achieve this growth, the investment rate must rise to approximately 35 per cent of GDP, up from the current 31 per cent.

Additionally, it will be essential to develop the manufacturing sector further and invest in emerging technologies such as AI, robotics, and biotechnology.

India will also need to create 78.5 lakh new non-farm jobs annually till 2030,32 achieve 100 per cent literacy, develop the quality of our education institutions, and develop high-quality, future-ready infrastructure at scale and speed.

2:28 PM

Stock Market LIVE Updates: Economic Survey 2025 warns of risks for the Indian stock market in 2025

Economic Survey 2025 LIVE: Notwithstanding accentuated geopolitical tensions, the US equity markets had a solid run for the second year in a row, outperforming the broader developed market pack. Following a 24 per cent gain in 2023, the S&P 500 Index is well on course to generate a 20 per cent+ return in 2024.

This outperformance came on the back of economic resilience, robust corporate earnings that have surged to record-high levels (~USD 4 trillion as of the quarter ending September 2024),44 strengthening rate cut expectations early in the year and an all-time high investor confidence.

Even as the resilience demonstrated by the Indian market, supported by growing retail participation, is promising, the risks associated with a potential US market correction cannot be overlooked, given historical trends.

2:22 PM

Stock Market LIVE Updates: India's share in global IPO listings surged to 30% in 2024, says Economic Survey

Economic Survey 2025 LIVE: India's share in global IPO listings surged to 30 per cent in 2024, up from 17 per cent in 2023, making it the leading contributor of primary resource mobilisation globally.

The total resource mobilisation from primary markets (equity and debt) stands at Rs 11.1 trillion from April to December 2024, which is 5 per cent more than the amount mobilised during entire FY24.

This also amounts to 25.6 per cent of gross fixed capital formation of private and public corporations during FY24.

The number of IPOs increased by 32.1 per cent to 259 during April to December 2024 from 196 in the corresponding period of the previous year, while the amount raised almost tripled from Rs 53,023 crore to Rs 1,53,987 crore in the same period.

The mainboard platform witnessed a significant increase in issue size as the average IPO deal size rose to Rs 2,124 crore, up from Rs 814 crore in entire FY24.

In the case of small and medium enterprises (SMEs) IPOs, the average deal size increased to Rs 39 crore from Rs 31 crore during the same period

2:19 PM

Stock Market LIVE Updates: 'Sharp rally in stock markets introduce potential risks from regulatory standpoint'

Economic Survey 2025 LIVE: As of December 2024, the Indian stock market has achieved new highs, with intermittent corrections, in the midst of geopolitical uncertainties, currency depreciation and domestic market volatility challenges.

Investor participation has been a contributor, with number of investors growing from 4.9 crore in FY20 to 13.2 crore as of 31 December 2024. This growth, combined with active listing activity and recent measures by the regulator, viz. Securities and Exchange Board of India (Sebi), to temper excesses, is expected to foster sustainable market expansion.

2:15 PM

Stock Market LIVE Updates: Risks to economic growth balanced; FY26 GDP seen in 6.3-6.8% range, says Eco Survey

Economic Survey 2025 LIVE: There are many upsides to domestic investment, output growth and disinflation in FY26. But, there are equally strong, prominently extraneous, downsides too.

Nonetheless, the fundamentals of the domestic economy remain robust, with a strong external account, calibrated fiscal consolidation and stable private consumption. On balance of these considerations, we expect that the growth in FY26 would be between 6.3 and 6.8 per cent

2:13 PM

Stock Market LIVE Updates: Food inflation is likely to soften in Q4FY25, says Economic Survey 2025

Economic Survey 2025 LIVE: Good Rabi production is likely to contain food prices in the first half of FY26. Adverse weather events and rise in international agricultural commodity prices, however, pose risks to food inflation, says Economic Survey 2025