Closing Bell: Nifty above 25,300, Sensex surges 487 pts as metals, media, oil & gas rally

Indian equity indices ended on strong note with Nifty above 25,300 on January 28. At close, the Sensex was up 487.20 points or 0.60 percent at 82,344.68, and the Nifty was up 167.35 points or 0.66 percent at 25,342.75.

We wrap up today's edition of the Moneycontrol live market blog, and will be back tomorrow morning with all the latest updates and alerts. Please visit https://www.moneycontrol.com/markets/global-indices for all the global market action.

The Rupee is currently trading near 91.75–91.77, maintaining a relatively flat trajectory.

The Federal Reserve's meeting begins tonight. While rates are expected to remain steady at 3.50%–3.75%, the market is hyper-focused on Chair Jerome Powell’s commentary regarding the 2026 outlook. Expected Range maintain a near-term range of 91.40–92.00.

Rupee found support also due to secondary market showing strong positive momentum, largely driven by Pre-Budget positioning.

Nifty PSE and Nifty CPSE indices seeing significant gains. This surge is attributed to higher fund flows into state-owned enterprises as investors anticipate policy support in the upcoming Union Budget.

After showing decent bounce back with high volatility on Tuesday, Nifty witnessed a sustainable follow-through up move on Wednesday and closed the day higher by 167 points. After opening on a positive note, the market showed volatility within a range for better part of the session. The sharp upside has emerged towards the end and Nifty closed higher.

A reasonable bull candle has been formed on the daily chart with upper and lower shadow. Technically, this market action indicates continuation of Pre-Budget rally and the market is now placed at the edge of breaking above the crucial overhead resistance of 25450 levels.

The overall chart pattern of Nifty indicates a formation of short-term bottom reversal for the market. A sustainable move above the hurdle of 25450-25500 levels could open broad based rally for the Nifty towards 25800 levels in the near term. Immediate support is placed at 25200 levels.

Equity benchmark indices Sensex and Nifty extended their gains on Wednesday, tracking sustained optimism over the India–European Union free trade agreement and firm cues from global markets.

Gains were led by stocks such as Oil & Natural Gas Corporation, Coal India and Axis Bank, which rose as much as 6 percent. In contrast, Asian Paints and Tata Consumer Products weighed on the benchmarks, declining up to 6 percent amid stock-specific selling pressure.

Investor sentiment remained buoyant after India and the European Union sealed a landmark free trade agreement, described as the “mother of all deals”. The pact is expected to create a market of nearly two billion people and covers tariff reductions on 99 percent of Indian exports to the EU and over 97 percent of EU exports to India, together accounting for nearly a quarter of global GDP.

Global cues also remained supportive, with major Asian markets trading higher and US equities ending mostly positive in the previous session. Further comfort came from easing volatility, as India VIX declined over 2 percent to around 14, reflecting improved risk appetite among investors.

From a technical perspective, Nifty’s move above the 25,180 level has signalled a short-term reversal, with potential upside towards 25,800. However, the cautioned that failure to sustain above the 25,400 zone could invite consolidation, while a drop below 25,080 may weaken the near-term outlook.

Today, the Indian equity markets ended on a positive note, extending the gains seen in the previous session. Investor sentiment improved on the back of supportive global cues and optimism around trade developments and corporate earnings. Benchmark indices closed higher, led by large cap stocks, while broader markets also participated. However, stock specific moves remained largely driven by news flow and Q3 results.

The recently concluded India-EU FTA continued to be the key sentiment driver. The deal has strengthened expectations of medium term benefits for export oriented sectors and capital goods companies. This optimism helped offset concerns in certain pockets such as automobiles, where competitive pressures could increase. Globally, stable US markets and positive trends across Asian equities supported risk appetite, while steady domestic institutional inflows absorbed intermittent foreign investor profit booking.

Sectorally, metals, banking and oil & gas stocks outperformed, supported by hopes of improved trade flows and a stable domestic growth outlook. Auto stocks were mixed as investors weighed the benefits of the India-EU agreement against reports that South Africa may impose high tariffs which is up to 50%, on fully built vehicle imports from India and China. Such a move could impact export plans of select auto manufacturers over time.

Asian Paints remained in focus following its Q3 FY26 results. The company reported modest revenue growth of around 4% YoY, while consolidated net profit declined by about 5% due to one off exceptional items related to labour code costs and impairment charges. Although margins improved, the stock faced pressure as headline profit weakness and cautious demand commentary overshadowed steady decorative volumes.

Looking ahead, markets are expected to remain stock and sector specific amid the Union Budget build up, ongoing Q3 earnings and developments around global trade policies. While global uncertainties may cause short term volatility, stable macros, easing inflation and benefits from the India–EU trade pact provide a supportive medium term outlook.

Nifty opened on a strong note but quickly lost momentum, leading to range-bound trade for the major part of the day before sharp surge towards the last hour of the day led to Index closing 0.66% higher at 25,343. On the daily chart, the index has formed a bullish candle with a relatively long lower wick, indicating strong buying interest at lower levels. Despite the strong close above its 200-Day EMA, the Index has been hovering around this key level since last five sessions, underscoring persistent indecision and a tug-of-war between bulls and bears at this crucial long-term support.

On the sectoral front, Nifty Defence ended the day as the top gainer with gains of nearly 7%. Nifty CPSE also saw strong gains of over 5%. On the other hand, Nifty FMCG and Pharma emerged as the top two sectoral losers. With regards to stocks, BEL & ONGC emerged as the top stock gainers amongst the Nifty pack while Tata Consumer and Asian Paint emerged as the top two losers.

The broader markets significantly outperformed the frontline indices. The Midcap index has built a strong support base around the 56,670–56,700 zone and staged a sharp rebound, managing to close marginally above its 200-day EMA. Smallcaps outperformed further, rising over 2% and forming a morning-star-like candlestick pattern on the daily chart, which is typically considered a bullish reversal signal. A strong follow-through above the day’s high could trigger a short-term pullback rally.

The market breadth improved further as the advance-decline ratio was heavily skewed in the favour of bulls at day’s close. A total of 402 stocks out of the Nifty 500 universe ended in the green.

Nifty View

Going ahead, the key support for Nifty is placed in the 25,200–25,150 zone, which coincides with the 200-day EMA zone. A decisive breakdown below this zone could result in Nifty extending its weakness towards 24,900, followed by 24,600 in the near term. On the upside, the 25,450–25,500 zone is expected to act as an immediate resistance zone.

Bank Nifty View

Bank Nifty started positively and moved past its initial highs, but selling pressure near the 59,700 zone capped the upside, resulting in a throwback, before last hour surge led to Index closing at 59,599, up 0.66%. Importantly, the index has managed to close above its key short-term support of the 20-day EMA. Meanwhile, the shrinking MACD histogram bars on the daily chart suggest a loss of bearish momentum and hint at a potential trend stabilisation in the near term.

For Bank Nifty, the immediate resistance is placed in the 59,900–60,000 zone, making it a crucial supply area to watch. Any sustained move above this zone could lead to Index continuing its pullback on the upside towards 60,300, followed by 60,600 in the near term. On the downside, the 50-day EMA zone of 59,100–59,000 zone is likely to act as a strong support.

Domestic markets displayed continued optimism, supported by the India–EU FTA. Broader indices outperformed, driven by strength in Metals, Financials, and Oil & Gas, while FMCG stocks saw profit-booking amid investor shift toward cyclical sectors.

Global markets traded mixed as investors awaited the U.S. Fed’s policy decision. Although the broad expectation is that rates are expected to stay unchanged, the focus is on the Fed Chair’s guidance on possible rate cuts later this year. At the same time, rising U.S.–Iran tensions and uncertainty over global tariffs are expected to keep overall sentiment restrained.

Indian rupee ended lower at 91.79 per dollar on Wednesday versus previous close of 91.72.

Indian equity indices ended on strong note with Nifty above 25,300 on January 28.

At close, the Sensex was up 487.20 points or 0.60 percent at 82,344.68, and the Nifty was up 167.35 points or 0.66 percent at 25,342.75. About 2844 shares advanced, 1226 shares declined, and 120 shares unchanged.

Among sectors, media, metal, energy, oil & gas, realty, PSU Bank up 1-4 percent, while FMCG, Consumer Durables, pharma ended lower.

Bharat Electronics, ONGC, Eternal, Coal India, Hindalco Industries were among major gainers on the Nifty, while losers were Tata Consumer, Asian Paints, Maruti Suzuki, Max Healthcare, Sun Pharma.

Nifty Midcap index added 1.6 percent and smallcap index rose 2.2 percent.

#1 Expect India’s CV industry to outperform PV & 2W segments on profitability & free cash flow over 2-3 years

#2 Company business is well placed to deploy strong FCF post demerger, supporting reinvestment & market share gains

#3 Stock up around 40 percent post listing, with further upside seen

Tata Motors was quoting at Rs 467.75, up Rs 25.05, or 5.66 percent.

It has touched a 52-week high of Rs 470.25.

It has touched an intraday high of Rs 470.25 and an intraday low of Rs 448.10.

It was trading with volumes of 1,023,544 shares, compared to its five day average of 1,847,986 shares, a decrease of -44.61 percent.

#1 VAHO segment’s 29 percent YoY revenue growth was the key Q3 highlight

#2 Management confident of no adverse impact from copra price correction

#3 Foods segment growth remained muted at 5 percent YoY

#4 Company expects pickup over the next couple of quarters

#5 Guidance of 15 percent+ EBITDA growth for FY27

Marico was quoting at Rs 737.30, down Rs 8.60, or 1.15 percent.

It has touched an intraday high of Rs 756.00 and an intraday low of Rs 721.10.

It was trading with volumes of 552,298 shares, compared to its five day average of 40,285 shares, an increase of 1,270.98 percent.

KEC International was quoting at Rs 665.15, up Rs 37.40, or 5.96 percent.

It has touched an intraday high of Rs 668.25 and an intraday low of Rs 627.10.

It was trading with volumes of 43,880 shares, compared to its five day average of 43,415 shares, an increase of 1.07 percent.

In the previous trading session, the share closed down 0.67 percent or Rs 4.25 at Rs 627.75.

The share touched a 52-week high of Rs 947.30 and a 52-week low of Rs 605.05 on 26 June, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 29.78 percent below its 52-week high and 9.93 percent above its 52-week low.

Market capitalisation stands at Rs 17,706.29 crore.

#1 Q3FY26 saw disappointing volume & revenue growth

#2 Relatively weaker retail demand trends could persist longer

#3 Margin performance strong but largely in base for FY26, risks for FY27 skewed to downside

Larsen & Toubro was quoting at Rs 3,794.00, up Rs 4.00, or 0.11 percent.

It has touched an intraday high of Rs 3,829.45 and an intraday low of Rs 3,768.75.

It was trading with volumes of 214,208 shares, compared to its five day average of 253,387 shares, a decrease of -15.46 percent.

In the previous trading session, the share closed up 1.20 percent or Rs 44.95 at Rs 3,790.00.

The share touched a 52-week high of Rs 4,194.70 and a 52-week low of Rs 2,967.65 on 05 January, 2026 and 07 April, 2025, respectively.

Currently, the stock is trading 9.55 percent below its 52-week high and 27.85 percent above its 52-week low.

Market capitalisation stands at Rs 533,674.30 crore.

#1 Core business continues strong momentum with overall guidance of double-digit sales growth

#2 Growth businesses grew 29 percent YoY, guidance of 30 percent growth maintained

#3 Margins improving, expected to inch up, profit growth to outpace sales growth

TATA Consumer Products was quoting at Rs 1,129.00, down Rs 58.95, or 4.96 percent.

It has touched an intraday high of Rs 1,188.40 and an intraday low of Rs 1,113.50.

It was trading with volumes of 287,172 shares, compared to its five day average of 39,158 shares, an increase of 633.36 percent.

Fertilisers and Chemicals Travancore was quoting at Rs 818.70, up Rs 28.40, or 3.59 percent.

It has touched an intraday high of Rs 825.90 and an intraday low of Rs 777.80.

It was trading with volumes of 24,684 shares, compared to its five day average of 8,905 shares, an increase of 177.19 percent.

In the previous trading session, the share closed up 1.06 percent or Rs 8.30 at Rs 790.30.

The share touched a 52-week high of Rs 1,111.00 and a 52-week low of Rs 565.20 on 05 June, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 26.31 percent below its 52-week high and 44.85 percent above its 52-week low.

Market capitalisation stands at Rs 52,975.78 crore.

The Sensex was up 489.65 points or 0.60 percent at 82,347.13, and the Nifty was up 164.15 points or 0.65 percent at 25,339.55. About 2683 shares advanced, 1209 shares declined, and 102 shares unchanged.

SBI Life Insurance Company was quoting at Rs 2,058.90, up Rs 20.10, or 0.99 percent.

It has touched an intraday high of Rs 2,078.10 and an intraday low of Rs 2,030.50.

It was trading with volumes of 94,917 shares, compared to its five day average of 74,172 shares, an increase of 27.97 percent.

#1 Q3 revenue, EBITDA & PAT growth of 26 percent/20 percent/34 percent YoY was in-line

#2 EBITDA margin declined due to commodity pressures

#3 Flat order inflows were a key disappointment

#4 However, demand, exports & entry into new markets like US data centers remain strong

TVS Holdings was quoting at Rs 13,902.80, up Rs 456.05, or 3.39 percent.

It has touched an intraday high of Rs 14,090.90 and an intraday low of Rs 13,231.

It was trading with volumes of 654 shares, compared to its five day average of 333 shares, an increase of 96.51 percent.

Monte Carlo Fashions was quoting at Rs 605.85, up Rs 7.35, or 1.23 percent.

It has touched an intraday high of Rs 619 and an intraday low of Rs 583.30.

It was trading with volumes of 3,870 shares, compared to its five day average of 3,586 shares, an increase of 7.93 percent.

V-Guard Industries was quoting at Rs 316.35, down Rs 0.15, or 0.05 percent.

It has touched an intraday high of Rs 323.00 and an intraday low of Rs 313.15.

It was trading with volumes of 22,373 shares, compared to its five day average of 48,443 shares, a decrease of -53.82 percent.

Pine Labs was quoting at Rs 228.20, down Rs 0.70, or 0.31 percent.

It has touched an intraday high of Rs 245 and an intraday low of Rs 226.40.

In the previous trading session, the share closed down 4.64 percent or Rs 11.15 at Rs 228.90.

The share touched a 52-week high of Rs 283.70 and a 52-week low of Rs 212.55 on 14 November, 2025 and 14 January, 2026, respectively.

Currently, the stock is trading 19.56 percent below its 52-week high and 7.36 percent above its 52-week low.

Market capitalisation stands at Rs 26,203.67 crore.

Bharat Electronics was quoting at Rs 450.60, up Rs 34.25, or 8.23 percent.

It has touched a 52-week high of Rs 454.50.

It has touched an intraday high of Rs 454.50 and an intraday low of Rs 417.40.

It was trading with volumes of 4,525,811 shares, compared to its five day average of 882,016 shares, an increase of 413.12 percent.

Maruti Suzuki India was quoting at Rs 14,943.75, down Rs 297.20, or 1.95 percent.

It has touched an intraday high of Rs 15,297.40 and an intraday low of Rs 14,433.95.

It was trading with volumes of 68,130 shares, compared to its five day average of 19,080 shares, an increase of 257.08 percent.

In the previous trading session, the share closed down 1.48 percent or Rs 228.65 at Rs 15,240.95.

The share touched a 52-week high of Rs 17,371.60 and a 52-week low of Rs 11,072.20 on 05 January, 2026 and 07 April, 2025, respectively.

Currently, the stock is trading 13.98 percent below its 52-week high and 34.97 percent above its 52-week low.

Market capitalisation stands at Rs 469,835.35 crore.

ACC was quoting at Rs 1,683.85, down Rs 4.65, or 0.28 percent.

It has touched an intraday high of Rs 1,705.05 and an intraday low of Rs 1,670.10.

It was trading with volumes of 14,168 shares, compared to its five day average of 10,969 shares, an increase of 29.17 percent.

In the previous trading session, the share closed up 1.09 percent or Rs 18.15 at Rs 1,688.50.

The share touched a 52-week high of Rs 2,123.30 and a 52-week low of Rs 1,664.70 on 24 April, 2025 and 23 January, 2026, respectively.

Currently, the stock is trading 20.7 percent below its 52-week high and 1.15 percent above its 52-week low.

Market capitalisation stands at Rs 31,620.56 crore.

Oil and Natural Gas Corporation was quoting at Rs 265.65, up Rs 17.60, or 7.10 percent.

It has touched a 52-week high of Rs 269.30.

It has touched an intraday high of Rs 269.30 and an intraday low of Rs 249.

Sun Pharmaceutical Industries was quoting at Rs 1,606.20, down Rs 33.10, or 2.02 percent.

It has touched an intraday high of Rs 1,648.00 and an intraday low of Rs 1,601.05.

It was trading with volumes of 65,141 shares, compared to its five day average of 166,360 shares, a decrease of -60.84 percent.

The Sensex was up 100.07 points or 0.12 percent at 81,957.55, and the Nifty was up 55.50 points or 0.22 percent at 25,230.90. About 2576 shares advanced, 1241 shares declined, and 120 shares unchanged.

#1 Strong execution but EBITDA missed estimates due to margin pressures

#2 Power segment revenue rose 44 percent YoY with strong margin

#3 Transformer capex and export growth support long-term story

CG Power and Industrial Solutions was quoting at Rs 576.40, up Rs 45.00, or 8.47 percent.

It has touched an intraday high of Rs 578 and an intraday low of Rs 535.

It was trading with volumes of 590,684 shares, compared to its five day average of 235,065 shares, an increase of 151.28 percent.

Maruti Suzuki India was quoting at Rs 14,957.50, down Rs 283.45, or 1.86 percent.

It has touched an intraday high of Rs 15,240.00 and an intraday low of Rs 14,810.00.

It was trading with volumes of 34,942 shares, compared to its five day average of 19,080 shares, an increase of 83.14 percent.

In the previous trading session, the share closed down 1.48 percent or Rs 228.65 at Rs 15,240.95.

The share touched a 52-week high of Rs 17,371.60 and a 52-week low of Rs 11,072.20 on 05 January, 2026 and 07 April, 2025, respectively.

Currently, the stock is trading 13.9 percent below its 52-week high and 35.09 percent above its 52-week low.

Market capitalisation stands at Rs 470,267.65 crore.

CSB Bank was quoting at Rs 476.60, down Rs 23.05, or 4.61 percent.

It has touched an intraday high of Rs 535 and an intraday low of Rs 459.50.

It was trading with volumes of 149,052 shares, compared to its five day average of 13,434 shares, an increase of 1,009.50 percent.

Craftsman Automation was quoting at Rs 7,834.00, up Rs 254.95, or 3.36 percent.

It has touched an intraday high of Rs 7,928.85 and an intraday low of Rs 7,550.00.

It was trading with volumes of 2,981 shares, compared to its five day average of 1,098 shares, an increase of 171.39 percent.

NIIT Learning Systems was quoting at Rs 389.35, up Rs 9.35, or 2.46 percent.

It has touched an intraday high of Rs 393.70 and an intraday low of Rs 380.50.

It was trading with volumes of 5,929 shares, compared to its five day average of 11,907 shares, a decrease of -50.20 percent.

HT Media was quoting at Rs 23.50, up Rs 1.20, or 5.38 percent.

It has touched an intraday high of Rs 23.75 and an intraday low of Rs 22.30.

It was trading with volumes of 32,790 shares, compared to its five day average of 14,691 shares, an increase of 123.19 percent.

Larsen & Toubro, Maruti Suzuki India, Bharat Electronics, SBI Life Insurance Company, ACC, Mahindra & Mahindra Financial Services, Aditya Birla Real Estate, ASK Automotive, Balkrishna Industries, CSB Bank, Gland Pharma, ICRA, Lodha Developers, Novartis India, National Securities Depository, Pine Labs, SBI Cards and Payment Services, Star Health and Allied Insurance Company, Sundram Fasteners, Thyrocare Technologies, will announce their quarterly earnings today.

#1 Q3 earnings highlight improving asset quality trends

#2 Retail delinquencies show improvement with scope for lower credit costs

#3 RoA inflection stronger than expected for FY27/28

Indian rupee is trading marginally higher at 91.68 per dollar against previous close of 91.72.

The company has approved the sale of up to 6.7 crore equity shares of Hindustan Zinc (representing 1.59 percent of the paid-up equity) via an offer-for-sale on January 28–29. This comprises a base offer size of 3.35 crore shares and an oversubscription option of 3.35 crore shares. The floor price for the offer has been fixed at Rs 685 per share.

The insurance company has subscribed to 5.12 lakh debentures of Bajaj Finance, having a face value of Rs 1 lakh each, amounting to Rs 5,120 crore. These funds will be utilised for general business purposes.

Bajaj Finance was quoting at Rs 929.50, up Rs 14.50, or 1.58 percent.

It has touched an intraday high of Rs 933.65 and an intraday low of Rs 915.00.

It was trading with volumes of 276,426 shares, compared to its five day average of 482,372 shares, a decrease of -42.69 percent.

In the previous trading session, the share closed down 1.38 percent or Rs 12.85 at Rs 915.00.

The share touched a 52-week high of Rs 1,102.45 and a 52-week low of Rs 757.00 on 23 October, 2025 and 29 January, 2025, respectively.

Currently, the stock is trading 15.69 percent below its 52-week high and 22.79 percent above its 52-week low.

Market capitalisation stands at Rs 578,379.69 crore.

TVS Motor Company was quoting at Rs 3,667.85, up Rs 102.55, or 2.88 percent.

It has touched an intraday high of Rs 3,690.05 and an intraday low of Rs 3,497.85.

It was trading with volumes of 13,354 shares, compared to its five day average of 14,211 shares, a decrease of -6.03 percent.

In the previous trading session, the share closed up 0.45 percent or Rs 16.05 at Rs 3,565.30.

The share touched a 52-week high of Rs 3,908.95 and a 52-week low of Rs 2,191.30 on 05 January, 2026 and 28 February, 2025, respectively.

Currently, the stock is trading 6.17 percent below its 52-week high and 67.38 percent above its 52-week low.

Market capitalisation stands at Rs 174,254.83 crore.

The company has signed an agreement with ABB to deliver propulsion systems for 25kV Metro projects. The framework includes transfer of technology for TCMS for 25kV driverless metro systems and transfer of manufacturing of converters and traction motors under the Government of India’s Make in India policy.

Titagarh Rail Systems was quoting at Rs 805, up Rs 24.15, or 3.09 percent.

It has touched an intraday high of Rs 810.05 and an intraday low of Rs 788.80.

It was trading with volumes of 64,759 shares, compared to its five day average of 68,587 shares, a decrease of -5.58 percent.

Rail Vikas Nigam has emerged as the lowest bidder for an order worth Rs 242.5 crore from South Central Railway. The order involves design, supply, erection, testing, and commissioning for OHE upgradation of the existing 1x25kV system to a 2x25kV feeding system, along with feeder and earthing works in the Ongole–Gudur section of Vijayawada.

Rail Vikas Nigam was quoting at Rs 338.55, up Rs 14.65, or 4.52 percent.

It has touched an intraday high of Rs 340.80 and an intraday low of Rs 326.55.

It was trading with volumes of 864,817 shares, compared to its five day average of 752,708 shares, an increase of 14.89 percent.

The Sensex was up 215.02 points or 0.26 percent at 82,072.50, and the Nifty was up 82.70 points or 0.33 percent at 25,258.10. About 2608 shares advanced, 1183 shares declined, and 118 shares unchanged.

Steel Authority of India was quoting at Rs 155.30, down Rs 0.30, or 0.19 percent.

It has touched a 52-week high of Rs 157.45.

It has touched an intraday high of Rs 157.45 and an intraday low of Rs 152.85.

It was trading with volumes of 2,270,226 shares, compared to its five day average of 1,228,316 shares, an increase of 84.82 percent.

#1 Leading electronics retailer in Bihar & Jharkhand with expanding presence in Uttar Pradesh

#2 Strong same-store sales, industry-leading margin & fast store paybacks

Aditya Vision was quoting at Rs 484.00, up Rs 1.95, or 0.40 percent.

It has touched an intraday high of Rs 492.45 and an intraday low of Rs 467.30.

It was trading with volumes of 124,193 shares, compared to its five day average of 9,427 shares, an increase of 1,217.45 percent.

Company plans to raise up to Rs 2,800 crore via the IPO route

Fresh issue will be around Rs 1,000 crore, with the remaining portion through OFS

Arvind Fashions Limited was quoting at Rs 429.35, up Rs 0.95, or 0.22 percent.

It has touched an intraday high of Rs 442.30 and an intraday low of Rs 425.80.

It was trading with volumes of 9,045 shares, compared to its five day average of 9,615 shares, a decrease of -5.93 percent.

In the previous trading session, the share closed down 2.12 percent or Rs 9.30 at Rs 428.40.

The share touched a 52-week high of Rs 579.05 and a 52-week low of Rs 338.00 on 17 September, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 25.85 percent below its 52-week high and 27.03 percent above its 52-week low.

Market capitalisation stands at Rs 5,738.52 crore.

#1 Earnings momentum remains vulnerable due to pricing pressure in speciality chem & TTB

#2 High capex, uneven segment recovery & early-stage pharma scale-up cloud visibility

SRF was quoting at Rs 2,770.50, up Rs 85.80, or 3.20 percent.

It has touched an intraday high of Rs 2,780.25 and an intraday low of Rs 2,693.60.

It was trading with volumes of 14,727 shares, compared to its five day average of 20,916 shares, a decrease of -29.59 percent.

#1 Company explained strength of its offerings & capabilities along with its internal culture

#2 Company’s focus on its FY31 vision of USD 5 billion revenue will be achieved

#3 FY31 vision of USD 5 billion revenue will be achieved via deeper client mining & sub-verticalisation within BFSI, Hi-Tech & healthcare segments

#4 Market share gains with stable EBIT margin in the range of 16–17 percent

#5 Potential M&As in Europe to take exposure to mid-teens of overall company revenue

Persistent Systems was quoting at Rs 6,207.85, down Rs 14.45, or 0.23 percent.

It has touched an intraday high of Rs 6,296 and an intraday low of Rs 6,094.

It was trading with volumes of 7,359 shares, compared to its five day average of 35,324 shares, a decrease of -79.17 percent.

Indonesian stocks tumbled, triggering a trading halt after MSCI Inc. raised concerns about their investability and warned of a potential downgrade to frontier-market status.

The benchmark Jakarta Composite Index sank as much as 8%, the steepest drop in more than nine months, prompting a 30- minute suspension.

Shadowfax’s muted listing reflects valuation fatigue in the IPO market rather than doubts over the business. While the company boasts strong revenue growth and a pan-India logistics network, weak non-institutional demand and thin listing sentiment capped upside. Near-term stock performance will now hinge on execution, margin improvement and sustained profitability rather than growth alone.

Graphite India was quoting at Rs 652.50, up Rs 24.20, or 3.85 percent.

It has touched an intraday high of Rs 654.00 and an intraday low of Rs 628.10.

It was trading with volumes of 34,672 shares, compared to its five day average of 78,168 shares, a decrease of -55.64 percent.

In the previous trading session, the share closed up 2.94 percent or Rs 17.95 at Rs 628.30.

The share touched a 52-week high of Rs 684.20 and a 52-week low of Rs 366.00 on 06 January, 2026 and 04 March, 2025, respectively.

Currently, the stock is trading 4.63 percent below its 52-week high and 78.28 percent above its 52-week low.

Market capitalisation stands at Rs 12,748.26 crore.

Oil and Natural Gas Corporation (ONGC) and Reliance Industries signed a agreement to enable resource sharing for deepwater offshore E&P operations on India’s East Coast, particularly across the Krishna Godavari (KG) basin and Andaman offshore, marking a major step towards cost optimization, faster execution, and improved asset utilization in complex deepwater projects.

Oil and Natural Gas Corporation was quoting at Rs 268.75, up Rs 20.70, or 8.35 percent.

It has touched a 52-week high of Rs 269.30.

It has touched an intraday high of Rs 269.30 and an intraday low of Rs 249.00.

Reliance Industries was quoting at Rs 1,399.95, up Rs 18.90, or 1.37 percent.

It has touched an intraday high of Rs 1,409.70 and an intraday low of Rs 1,383.30.

GAIL (India) Limited, a Maharatna PSU, and Mitsui O.S.K. Lines Ltd (MOL), Tokyo, entered into a long-term charter agreement for an LNG carrier named “GAIL BHUWAN”.

The companies share a long-standing business partnership, and this collaboration further strengthens cooperation in LNG shipping and energy logistics.

GAIL India was quoting at Rs 165.80, up Rs 5.80, or 3.63 percent.

It has touched an intraday high of Rs 166.25 and an intraday low of Rs 160.90.

It was trading with volumes of 448,657 shares, compared to its five day average of 569,929 shares, a decrease of -21.28 percent.

CarTrade Tech was quoting at Rs 2,387.00, down Rs 155.30, or 6.11 percent.

It has touched an intraday high of Rs 2,660.75 and an intraday low of Rs 2,270.

It was trading with volumes of 96,432 shares, compared to its five day average of 15,089 shares, an increase of 539.08 percent.

In the previous trading session, the share closed up 3.84 percent or Rs 94.00 at Rs 2,542.30.

The share touched a 52-week high of Rs 3,291.35 and a 52-week low of Rs 1,363.00 on 17 November, 2025 and 09 April, 2025, respectively.

Currently, the stock is trading 27.48 percent below its 52-week high and 75.13 percent above its 52-week low.

Market capitalisation stands at Rs 11,411.71 crore.

Indian rupee has erased most of the opening gains and trading flat at 91.69 per dollar against previous close of 91.72.

The “mother of all trade deals” is finally done and it is likely to create a huge benefit for both the countries and is likely to have a major impact on global trade. This a trade deal impacting 25% of global GDP and 33% of global trade. The integration of India into global supply chains is now going to be faster and stronger.

Another important aspect is the focus on services and enhancing that with support on business mobility. This means that favourable visa access will be provided to businesses, professionals and students. This is important for India to be able to deliver IT/ITes services, financial services, professional services, research and development services and education services.

On the goods trade, one key point of the India-EU trade deal is the focus on broadly the same set of products which India exports to the US, viz., textiles, leather, marine products, gems and jewellery. While India was already exporting significant amounts of these products to the EU, with the FTA more of the US-bound exports could, in principle, be considered for EU. The FTA will help in finding alternative markets for the US-targeted products.

Overall, the benefits of the trade deal should be seen over the next couple of years and should make India more competitive as a global trade participant.

#1 Profit stands at Rs 3.25 crore Vs loss of Rs 9.03 crore, YoY

#2 Revenue soars 19 percent to Rs 1,898 crore Vs Rs 1,594.2 crore, YoY

The Sensex was up 462.03 points or 0.56 percent at 82,319.51, and the Nifty was up 143.80 points or 0.57 percent at 25,319.20. About 2502 shares advanced, 1204 shares declined, and 133 shares unchanged.

Selling pressure intensified in select heavyweight stocks even as the broader market traded firm. FMCG names led the declines, with Tata Consumer Products sliding nearly 6 percent, while Asian Paints fell over 4 percent. Auto stocks also remained under pressure, with Eicher Motors declining about 4 percent and Maruti Suzuki slipping over 2 percent. Weakness was also seen in Nestle India, Sun Pharma, and Hindustan Unilever, capping gains in the benchmark.

Buying interest remained strong in select heavyweight stocks, pushing the Nifty higher in mid-day trade. ONGC shares topped the gainers’ list, rising over 6 percent, while Bharat Electronics advanced nearly 4 percent. Metal stocks also featured prominently, with Hindalco Industries gaining close to 4 percent, alongside strength in Coal India. Among other gainers, Eternal, Adani Enterprises, and Bajaj Finance stocks traded firmly higher, lending support to the benchmark.

CarTrade Tech reported strong financial performance fiscal third quarter, with net profit rising 31.5 percent year-on-year to Rs 56 crore, compared with Rs 42.7 crore a year ago. Revenue grew 19 percent to Rs 209.7 crore, while EBITDA surged 56 percent to Rs 78 crore. Operating margins expanded sharply, with EBITDA margin improving to 37.2 percent from 28.4 percent in the year-ago quarter.

Fino Payments Bank said its board has approved the re-appointment of Rishi Gupta as Managing Director and Chief Executive Officer for a three-year term, effective May 2.

Rainbow Childrens Medicare was quoting at Rs 1,183.05, down Rs 3.85, or 0.32 percent.

It has touched an intraday high of Rs 1,199.90 and an intraday low of Rs 1,168.

It was trading with volumes of 2,071 shares, compared to its five day average of 6,695 shares, a decrease of -69.07 percent.

In the previous trading session, the share closed up 0.09 percent or Rs 1.05 at Rs 1,186.90.

The share touched a 52-week high of Rs 1,644.10 and a 52-week low of Rs 1,154.40 on 24 July, 2025 and 27 January, 2026, respectively.

Currently, the stock is trading 28.04 percent below its 52-week high and 2.48 percent above its 52-week low.

Market capitalisation stands at Rs 12,014.96 crore.

Wanbury was quoting at Rs 168.00, up Rs 4.90, or 3.00 percent.

It has touched an intraday high of Rs 168.20 and an intraday low of Rs 162.75.

It was trading with volumes of 7,306 shares, compared to its five day average of 17,712 shares, a decrease of -58.75 percent.

In the previous trading session, the share closed down 7.96 percent or Rs 14.10 at Rs 163.10.

The share touched a 52-week high of Rs 330.00 and a 52-week low of Rs 155.00 on 16 May, 2025 and 03 March, 2025, respectively.

Currently, the stock is trading 49.09 percent below its 52-week high and 8.39 percent above its 52-week low.

Market capitalisation stands at Rs 586.19 crore.

Shadowfax Technologies made a weak stock market debut, listing at around 9% discount to its IPO price of Rs 124, indicating cautious investor sentiment towards the logistics and new-age business space.

The discounted listing suggests valuation concerns, and the stock may remain volatile or range-bound in the near term as markets focus on profitability, cash flows, and execution.

IPO allottees may hold with a strict stop loss at Rs 105 to protect downside risk. Fresh investors should avoid immediate entry and consider buying only after price stability, with a similar stop loss of Rs 104–105. On the upside, the Rs 120–124 zone is likely to act as a resistance in the short term.

The Tata Power Company was quoting at Rs 354.40, up Rs 6.35, or 1.82 percent.

It has touched an intraday high of Rs 355.10 and an intraday low of Rs 349.00.

It was trading with volumes of 230,427 shares, compared to its five day average of 516,874 shares, a decrease of -55.42 percent.

In the previous trading session, the share closed up 0.80 percent or Rs 2.75 at Rs 348.05.

The share touched a 52-week high of Rs 416.70 and a 52-week low of Rs 326.25 on 16 July, 2025 and 17 February, 2025, respectively.

Currently, the stock is trading 14.95 percent below its 52-week high and 8.63 percent above its 52-week low.

Market capitalisation stands at Rs 113,242.83 crore.

JSW Energy was quoting at Rs 448.75, up Rs 9.35, or 2.13 percent.

It has touched an intraday high of Rs 448.95 and an intraday low of Rs 439.00.

It was trading with volumes of 254,768 shares, compared to its five day average of 288,634 shares, a decrease of -11.73 percent.

In the previous trading session, the share closed down 8.18 percent or Rs 39.15 at Rs 439.40.

The share touched a 52-week high of Rs 578.85 and a 52-week low of Rs 419.10 on 24 March, 2025 and 17 February, 2025, respectively.

Currently, the stock is trading 22.48 percent below its 52-week high and 7.07 percent above its 52-week low.

Market capitalisation stands at Rs 78,858.49 crore.

Kotak Mahindra Bank was quoting at Rs 410.75, up Rs 1.80, or 0.44 percent.

It has touched an intraday high of Rs 411.45 and an intraday low of Rs 406.40.

It was trading with volumes of 2,377,201 shares, compared to its five day average of 393,449 shares, an increase of 504.20 percent.

#1 Profit increases 0.25 percent to Rs 566 crore Vs Rs 564.5 crore, YoY

#2 Revenue jumps 5.9 percent to Rs 2,111.7 crore Vs Rs 1,993.4 crore, YoY

Motilal Oswal Financial Services was quoting at Rs 803.35, up Rs 69.45, or 9.46 percent.

It has touched an intraday high of Rs 806.25 and an intraday low of Rs 752.90.

It was trading with volumes of 273,743 shares, compared to its five day average of 55,048 shares, an increase of 397.28 percent.

In the previous trading session, the share closed down 1.94 percent or Rs 14.50 at Rs 733.90.

The share touched a 52-week high of Rs 1,097 and a 52-week low of Rs 487.85 on 28 October, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 26.77 percent below its 52-week high and 64.67 percent above its 52-week low.

Market capitalisation stands at Rs 48,291.87 crore.

Metropolitan Stock Exchange of India (MSE) has successfully implemented an upgrade to its system and market infrastructure with effect from January 27, 2026, marking an important step towards enhanced performance, scalability, and operational resilience. The upgraded framework shall reinforce its commitment to operational robustness and market efficiency.

Further, the Exchange is currently in the process of appointing market makers to strengthen liquidity and market depth in its Equity Segment, the date of which will be announced shortly, following completion of the necessary processes."

Larsen & Toubro, Maruti Suzuki India, Bharat Electronics, SBI Life Insurance Company, ACC, Mahindra & Mahindra Financial Services, Aditya Birla Real Estate, ASK Automotive, Balkrishna Industries, CarTrade Tech, CSB Bank, Gland Pharma, ICRA, Lodha Developers, Novartis India, National Securities Depository, Pine Labs, SBI Cards and Payment Services, Star Health and Allied Insurance Company, Sundram Fasteners, Thyrocare Technologies, and TVS Motor Company will announce their quarterly earnings today.

The Sensex was up 401.74 points or 0.49 percent at 82,259.22, and the Nifty was up 122.80 points or 0.49 percent at 25,298.20. About 2423 shares advanced, 1168 shares declined, and 135 shares unchanged.

MIC Electronics has received a Letter of Acceptance from Nava Raipur Atal Nagar Vikas Pradhikaran, Raipur for designing, engineering, supply, construction, testing, commissioning, amc and operation & maintenance of infrastructure works at common facility centre in sector 22 Nava Raipur Atal Nagar, Raipur for an amount of Rs 114,10,15,212.

MIC Electronics was quoting at Rs 36.70, up Rs 1.30, or 3.67 percent.

It has touched an intraday high of Rs 38.10 and an intraday low of Rs 35.95.

It was trading with volumes of 158,902 shares, compared to its five day average of 150,513 shares, an increase of 5.57 percent.

The Heavy Civil Infrastructure business vertical of L&T has won a contract from the Royal Commission of Riyadh City in Saudi Arabia for works pertaining to the extension of the Riyadh Metro.

The order is a part of an ultra-mega project won by a consortium of Webuild S.p.A, L&T, Nesma & Partners Contracting, Alstom and IDOM.

The order pertains to the extension of Red Line of Riyadh Metro Network. The scope of work includes design and turnkey  construction of 8.4 km long metro line comprising both elevated and underground sections, and five stations.

Larsen & Toubro was quoting at Rs 3,802.30, up Rs 12.30, or 0.32 percent.

It has touched an intraday high of Rs 3,829.45 and an intraday low of Rs 3,792.65.

It was trading with volumes of 23,893 shares, compared to its five day average of 253,387 shares, a decrease of -90.57 percent.

In the previous trading session, the share closed up 1.20 percent or Rs 44.95 at Rs 3,790.00.

The share touched a 52-week high of Rs 4,194.70 and a 52-week low of Rs 2,967.65 on 05 January, 2026 and 07 April, 2025, respectively.

Currently, the stock is trading 9.35 percent below its 52-week high and 28.12 percent above its 52-week low.

Market capitalisation stands at Rs 534,841.80 crore.

The deal is positive for India. Add the steep INR depreciation of over 20% against EUR. Indian exports will get very competitive. However , it will take months for the deal to go live. Much will depend on execution. This deal got expedited as both sides wanted some risk mitigation to counter the chaos being churned out by the US. As for markets, this lifts sentiments. This is not a game changer for the market nor does it lead to earnings upgrades on its own.