Stock Market Today January 29: Amid weak global cues and ahead of the Economic Survey, the Indian stock market’s key indices, Sensex and Nifty, opened flat on Thursday. 30-share BSE Sensex opened 22.53 points or 0.03 percent higher at 82,367.21. The Nifty opened 2.25 points or 0.01 percent higher at 25,345. However, the market declined within minutes of opening, with the Nifty slipping below 25,300, while the Sensex fell by nearly 200 points.
Stock Market Today, January 29
At the time of writing, the 30-share BSE Sensex was trading 447 points or 0.54 percent lower at 81,897.36, while the Nifty was down 124 points or 0.49 percent at 25,218.35. During this period, almost all Nifty indices were trading in the red.
9 Sectors in the Red
Out of 15 sectors on the NSE, nine were in the red. Nifty IT and Nifty Auto saw the biggest declines, while Nifty Metal saw the biggest gains. The broader markets were trading higher, with Nifty Smallcap 100 index rising by 0.45 percent, and the Nifty Midcap 100 index gaining 0.06 percent.
Sector-wise, the Nifty Auto and IT indices declined by 0.76 percent and 0.77 percent respectively. Meanwhile, the Nifty Realty and Oil & Gas indices saw gains of 0.4 percent. Investors in the country are awaiting the Economic Survey 2025-26, which Union Finance Minister Nirmala Sitharaman is scheduled to present in Parliament today. Top Gainers and Top Losers
In the Sensex pack, L&T, Tata Steel, NTPC, Power Grid, SBI, Eicher Motors, and Axis Bank were among the top gainers. Meanwhile, Maruti Suzuki, IndiGo, BEL, Asian Paints, HUL, and Titan were among the top losers.
Stock Market Expert
Hitesh Tailor, Research Analyst at Choice Broking, stated that caution prevails in the market, although domestic technical indicators are still providing some support. The future movement will largely depend on the global market situation, crude oil prices, and the buying and selling activity of institutional investors.
Nifty Rises After India-EU Trade Talks
In the previous trading session, Nifty50 showed a positive trend and remained above 25,300 in early trading. This surge was driven by expectations related to the India-EU trade talks and positive global cues. Strong buying is being observed above 25,200, while the 25,400 to 25,500 level remains a major resistance for the Nifty. If the Nifty slips below 25,200, the pressure could increase again.
What did the expert say?
The expert further advised investors to adopt a selective and disciplined strategy given the prevailing global uncertainties. Focus on stocks with strong fundamentals during dips. It would be better to initiate new long positions only after a strong and sustainable breakout above 25,700 in the Nifty.
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