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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

Image SI Reporter New Delhi
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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.
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10:26 AM

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.
10:22 AM

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.
10:13 AM

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. 

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10:12 AM

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. 

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10:10 AM

Stock Market LIVE Updates: A glance at broader market

Stock Market LIVE Updates: BSE Midcap and Smallcap ended in green. 

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10:09 AM

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.

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10:06 AM

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.

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9:59 AM

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 
9:51 AM

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 
9:46 AM

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 
9:39 AM

Stock Market LIVE Updates: Bajaj Finance hits over 3-month high; surges 14% thus far in January

Stock Market LIVE Updates: Shares of Bajaj Finance hit an over three-month high of Rs 7,786.20, gaining 2 per cent on the BSE in Wednesday’s intra-day trade ahead of the board meeting of the company today to consider and approve the unaudited financial results of the company for the quarter ended December 31, 2024.

The stock of the non banking finance company (NBFC) is quoting at its highest level since October 1, 2024. It had hit a 52-week high of Rs 7,823.85 on September 30, 2024. Read more 
9:31 AM

Stock Market LIVE Updates: 3 PM market update - Sensex, Nifty climb higher

Stock Market LIVE Updates: Benchmark equity indices BSE Sensex and Nifty50 were trading higher on Wednesday, amid improving global cues. 

At 3 PM, the BSE Sensex was higher by 583.82 points, or 0.77 per cent, at 76,485.23, and the Nifty50 was at 23,139.85, up 182.60 points, or 0.8 per cent.
 
9:23 AM

Stock Market LIVE Updates: New NFO Alert: Motilal Oswal Innovation Opportunities Fund opens today

Stock Market LIVE Updates: Motilal Oswal Mutual Fund has launched the new fund offering (NFO) of the Motilal Oswal Innovation Opportunities Fund for public subscription today, January 29, 2025. The NFO, which remains available for subscription until February 12, 2025, is an open-ended equity scheme following the innovation theme. However, the scheme is set to reopen on February 24, 2025.

The Motilal Oswal Innovation Opportunities Fund, which is benchmarked against the Nifty 500 Total Return Index, aims to achieve long-term capital appreciation by predominantly investing in equity and equity-related instruments of companies that will benefit from the adoption of innovative strategies or follow the innovation theme. "However, there can be no assurance that the investment objective of the scheme will be realised," the company said in the Scheme Information Document (SID). READ MORE
 
9:17 AM

Stock Market LIVE Updates: Arkade Developers share gains 6% as company bags Rs 165 crore-land deal

Stock Market LIVE Updates: Shares of residential and commercial projects developer Arkade Developers were buzzing in trade on Wednesday, January 29, 2025. The company's share price advanced 6.05 per cent to an intra-day high of Rs 154.75 on the National Stock Exchange (NSE) during the intra-day trade. 

The northward move in the company’s share price was fueled by the news that it had completed the acquisition of a prime land parcel located in Goregaon West, in the western suburbs of Mumbai, from Aspen Properties and their joint venture partners, Kamanwala Housing Construction, for a total consideration of Rs 165 crore and paid the stamp duty of Rs 9.9 crore. READ MORE
 
9:09 AM

Stock Market LIVE Updates: Deepak Fertilisers posts 57% rise in Q3 PAT at Rs 66.92 crore

Stock Market LIVE Updates: Deepak Fertilisers and Petrochemicals Corporation reported Q3 revenue from operations at Rs 519.05 crore vs Rs 426.18 crore.

The company's profit before tax came in at Rs 95.14 crore vs Rs 56.51 crore

Profit after tax stood at Rs 66.92 crore vs Rs 42.57 crore
 

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First Published: Jan 29 2025 | 7:38 AM IST

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