Taking Stock: Sensex jumps 320 pts, Nifty near 25,200, led by metal, financial stocks

Market Today

• Sensex rose 319.78 points, Nifty up 126.75 points in volatile session
• Metal, financial, IT, and oil & gas stocks led gains; metal index up 3 percent
• Kotak Mahindra Bank fell 2% after Q3 miss; Axis Bank jumped 5% post Q3 results

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Indian equity benchmark indices ended higher on January 27, recouping part of the losses from the previous session in a highly volatile trade, led by metal, financial, IT and oil & gas stocks. Also, the market sentiment received a modest lift following India–European Union trade agreement.

The market began the session on a subdued note and traded range-bound for most of the day, with late buying helping the Nifty close near day's high.

At close, the Sensex was up 319.78 points or 0.39 percent at 81,857.48, and the Nifty was up 126.75 points or 0.51 percent at 25,175.40.

The broader indices performed inline the benchmarks, with Nifty midcap and smallcap indices rising 0.5% each.

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Biggest Nifty gainers were Adani Enterprises, Axis Bank, JSW Steel, Adani Ports, Grasim Industries, while losers included M&M, Kotak Mahindra Bank, Asian Paints, Bajaj Finserv and Eternal.

Except auto, FMCG, media and consumer durables, all other sectoral indices ended in the green with metal up 3%.

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Index	Prices	Change	Change%
Sensex	73,583.22	-1,690.23	-2.25%
Nifty 50	22,819.60	-486.85	-2.09%
Nifty Bank	52,274.60	-1,433.50	-2.67%

Nifty 50 22,819.60 -486.85 (-2.09%)

Fri, Mar 27, 2026

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
ONGC	281.95	11.75	+4.35%

Biggest Loser	Prices	Change	Change%
Shriram Finance	903.80	-52.20	-5.46%

Best Sector	Prices	Change	Change%
Nifty IT	29541.65	-129.65	-0.44%

Worst Sector	Prices	Change	Change%
Nifty PSU Bank	8249.45	-331.60	-3.86%

In stock specifics, Kotak Mahindra Bank shares tumbled 2% after Q3 results miss estimates, UltraTech Cement shares jumped 2% on better Q3 results, Axis Bank share price added 5% post Q3 earnings, Godrej Consumer Products shares slipped 5% post Q3 profit slips, Hindustan Zinc shares hits 52-week high after silver hovers near all-time highs, JSW Energy shares slipped 7% despite Q3 profit surges 150%.

RailTel Corporation of India shares rose nearly 2% on order win worth Rs 27.04 crore, Marine Electricals share price rose 7% on winning multiple orders worth Rs 284 crore, Urban Company shares down more than 2% on weak Q3 results, Hindustan Copper shares added 5% on emerging preferred bidder for mining lease in Madhya Pradesh.

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More than 640 stocks touched their 52-week lows, including Syngene International, SignatureGlobal, Brainbees Solution, Reliance Power, Poly Medicure, Mahanagar Gas, PCBL Chemical, Devyani International, Zee Entertainment, Dixon Technologies, Sapphire Foods, Praj Industries, Indegene, Cera Sanitary, Aditya Birla Lifestyle Brands, Tejas Networks, Newgen Software, Olectra Greentech, Godrej Properties, among others. Click to View More

Outlook for January 28

Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities

On monthly expiry, Nifty experienced a choppy session for the major part of the day before last hour short covering surge. The 25,190–25,200 zone, which acted as a support in the previous session, acted as a strong resistance for the major part of the session before Index managed to close higher. On the daily chart, Nifty formed a sizeable bullish candle with long lower wicks, indicating buying interest at lower levels. Notably, the index has managed to close above the 200-day EMA zone.

Going ahead, the key support for Nifty is placed in the 24,950–24,900 zone, which coincides with the upward-sloping trendline, drawn by connecting the swing lows of 24,338 (8th August) and 24,405 (29th August). A decisive breakdown below this zone could result in Nifty extending its weakness towards 24,700, followed by 24,500 in the near term. On the upside, the 25,250–25,300 zone is expected to act as a strong resistance area, limiting any pullback attempts.

Rupak De, Senior Technical Analyst at LKP Securities

The NSE monthly expiry day proved to be a roller-coaster session for the market, as the Nifty witnessed a 300-point swing during the day. On closing, the index ended above the 200-DMA; however, a follow-up move is required before changing the bearish view on the Nifty.

Support remains at 24,900, and a slip below this level could unlock fresh selling pressure from the bears. On the higher end, 25,500 continues to be a crucial resistance zone. Until the Nifty decisively breaks above 25,500, a sell-on-rise strategy may continue to work in the market.

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