Stock Market Close Highlights: Sensex extends gain, adds 631pts, Nifty at 23,163; Smallcap shines
Markets Today Highlights: The broader markets outperformed the benchmarks, with smallcap shares leading the charge as the Nifty Smallcap100 index settled higher by 3.32 per cent
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Stock Market Highlights, Wednesday, January 29, 2025: Benchmark equity indices, the BSE Sensex and NSE Nifty50, extended gains for the second consecutive session to settle in the green on Wednesday. The 30-share Sensex advanced 631.55 points, or 0.83 per cent, to settle at 76,532.96 after climbing to the day's high of 76,599.73.
Mirroring the Sensex, the NSE Nifty50 also added 205.85 points, or 0.90 per cent, to close at 23,163.10. The index traded in a range of 23,183.35 to 22,976.50 on Wednesday. The day ended in favour of the bulls as 42 out of the 51 constituent stocks of the Nifty50 ended in positive territory, with gains led by Shriram Finance, Bharat Electronics, Tata Motors, SBI Life, and Trent, which ended higher by up to 3.98 per cent. Bharti Airtel, ITC Hotels, Maruti Suzuki India, Britannia, and Asian Paints, on the other hand, were among the 8 stocks that ended lower, with losses extending up to 3.53 per cent. Notably, ITC Hotels shares made their D-Street debut today, following its demerger from ITC's other businesses. The broader markets outperformed the benchmarks, with smallcap shares leading the charge as the Nifty Smallcap100 index settled higher by 3.32 per cent. Meanwhile, the Nifty Midcap100 ended with a gain of 2.31 per cent. The fear index, India VIX, which measures volatility in the markets, ended up 2.44 per cent at 18.64 points. All sectoral indices, except FMCG, ended with gains. Notably, the Nifty IT index ended higher by 2.62 per cent, with gains led by Persistent Systems and LTIMindtree. Among others, Nifty Auto, Healthcare, Financial Services, Realty, and Banking indices ended higher by up to 2.91 per cent.
3:56 PM
Stock Market LIVE Updates: Market expert view
Stock Market LIVE Updates: The Indian market has demonstrated resilience in anticipation of the upcoming Union Budget, with expectations of measures aimed at stimulating consumption and job creation. Small and mid-cap stocks experienced a relief rally, while key index valuations are trading at a 5-year average, which appears attractive given the strong long-term domestic outlook. Investors are now focusing on the upcoming FOMC meeting, with general expectations that the Fed will maintain its current hawkish stance.
View by Vinod Nair, Head of Research, Geojit Financial Services.
View by Vinod Nair, Head of Research, Geojit Financial Services.
3:52 PM
Stock Market LIVE Updates: Technical view
Stock Market LIVE Updates: From a technical perspective, the Nifty rebounded strongly from its key support at 22,800 and managed to close above the 23,100 level, which holds significance as monthly support. Additionally, the index formed a bullish engulfing pattern, closing above the previous day's high. If the price sustains above 23,300 in the coming sessions, the index may extend its upside towards 23,650 and 23,800. Conversely, 22,800 will act as immediate and crucial support, and a break below this level may lead to increased downside pressure.
Momentum indicators suggest improving sentiment, with the RSI trending upwards from the oversold region at 43.59, indicating strengthening bullish momentum. The Stochastic RSI has also given a bullish reversal, reinforcing the possibility of further upside if key resistance levels are breached. The overall setup suggests a cautious yet optimistic outlook, with sustained strength above resistance levels required for a decisive breakout.
View by Mandar Bhojane, equity research analyst, Choice Broking.
View by Mandar Bhojane, equity research analyst, Choice Broking.
3:43 PM
Stock Market LIVE Updates: Here's a look at Nifty gainers and loser at close
Stock Market LIVE Updates: Shriram Finance, BEL, Tata Motors were among the top gainers on Nifty50.
3:42 PM
Stock Market LIVE Updates: Here's a look at Sensex gainers and loser at close
Stock Market LIVE Updates: Zomato, Tata Motors, Infosys were among the top gainers on Sensex.
3:40 PM
Stock Market LIVE Updates: A glance at broader market
Stock Market LIVE Updates: BSE Midcap and Smallcap ended in green.
3:39 PM
Stock Market LIVE Updates: Nifty closes 205.85 pts higher at 23,163.10
Stock Market LIVE Updates: NSE Nifty settled 205.85 points or 0.9 per cent higher at 23,163.10.
3:36 PM
Stock Market LIVE Updates: Sensex closes 631.55 pts higher at 76,532.96
Stock Market LIVE Updates: BSE Sensex closed 631.55 points or 0.83 per cent higher at 76,532.96.
3:29 PM
Stock Market LIVE Updates: Markets to remain open on Feb 1 for Nirmala Sitharaman's Budget 2025 speech
Stock Market LIVE Updates: Both the National Stock Exchange (NSE) and the BSE have confirmed that the exchanges will operate full trading sessions on Saturday, as the Union Budget is scheduled to be presented by Finance Minister Nirmala Sitharaman.
In a circular issued on Monday, the exchanges outlined that the equity markets would be open from 9:15 am to 3:30 pm, with the commodity derivatives market trading until 5:00 pm. Read more
3:21 PM
Stock Market LIVE Updates: Bullish on Indian market, looking at another strong year in 2025: McLaren
Stock Market LIVE Updates: Bullish on the Indian market, British supercar maker McLaren is looking to cash in on the growth opportunity in the country having crossed cumulative sales milestone of 50 units, according to a top official of the company's distributor.
Since officially entering the Indian market in 2022, McLaren, which sells high-end supercars priced Rs 6.5 crore onwards, feels that in 2025 it can perform better than what it achieved last year, Lalit Choudary, Dealer Principal of McLaren Mumbai, told PTI. Read more
3:16 PM
Stock Market LIVE Updates: Sun Pharma Q3 profits may jump 13%, revenues to rise 10% YoY
Stock Market LIVE Updates: India’s largest pharmaceutical company, Sun Pharmaceuticals, is scheduled to deliver its October-December quarterly earnings for the financial year 2024-25 (Q3FY25) on Friday, January 31, 2025.
The pharma major is expected to log a double digit rise in profits on a year-on-year basis, while recording a mid digit fall sequentially. According to analysts, higher costs, including a rise in R&D expenses, are likely to limit margin expansion. Read more
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First Published: Jan 29 2025 | 7:38 AM IST