The equity markets extended their winning streak for a third straight session on January 29, supported by optimism from the Economic Survey 2026, which projected stable growth and manageable inflation despite ongoing global tensions.
The Sensex rose 222 points, or 0.27 percent, to close at 82,566.37, while the Nifty 50 gained 76 points, or 0.30 percent, to end at 25,418.90. However, broader markets lagged, with mid and small-cap stocks showing mixed performance.
Over the last three sessions, the Sensex has added more than 1,000 points, while the Nifty 50 is up around 1.5 percent.
Positive cues from the Economic Survey, which highlighted strong growth-inflation dynamics
Expectations that India’s economic momentum will remain intact despite geopolitical uncertainties
Select buying in metal, banking, and infrastructure stocks
Market experts, however, cautioned that elevated crude oil and bullion prices, driven by rising US–Iran tensions, continue to cap upside.
Sensex: Up 222 points to 82,566.37
Nifty 50: Up 76 points to 25,418.90
Three-session gain:
Sensex: Nearly 1.3 percent
Nifty 50: Around 1.5 percent
Top gainers in the Nifty 50
Tata Steel: Up 4.49 percent
Larsen & Toubro: Up 3.80 percent
Axis Bank: Up 3.42 percent
Top losers in the Nifty 50
Asian Paints: Down 3.85 percent
InterGlobe Aviation: Down 2.71 percent
SBI Life Insurance: Down 2.69 percent
Sector-wise performance
Nifty Metal index surged 3.07 percent, leading the gains
Private Bank index rose 1 percent
Realty gained 0.67 percent
Financial Services advanced 0.64 percent
On the downside
Healthcare fell 0.96 percent
FMCG declined 0.91 percent
Pharma slipped 0.81 percent
PSU Bank, IT, and Auto indices also ended lower
Mid and small-cap stocks under-perform
BSE 150 Midcap index: Up 0.10 percent
BSE 250 Smallcap index: Down 0.19 percent
Market breadth remained weak, indicating selective buying.
Most active stocks by volume
Vodafone Idea: 67.9 crore shares
Tata Gold ETF: 58 crore shares
Tata Silver ETF: 47.5 crore shares
Advance–decline ratio
Over 1,700 stocks advanced on the BSE
More than 2,500 stocks declined
This suggests broader market participation remained subdued despite headline gains.
Stocks that surged over 15 percent
Hindustan Copper
Cubex Tubings
Panorama Studios International
Paras Petrofils
Dredging Corporation of India
STEL Holdings
TCC Concept
A total of 19 stocks jumped more than 15 percent during the session.
52-week highs and lows
107 stocks hit fresh 52-week highs, including SBI, Tata Steel, and Tech Mahindra
273 stocks touched 52-week lows, including Havells India, Procter & Gamble Hygiene, Exide Industries, Emami, and Jyothy Labs
Nifty 50 technical outlook
Key support levels: 25,300 and 25,150
Immediate resistance: 25,500
Analysts said a decisive breakout above 25,500 could push the index towards the 25,600–25,650 zone. However, a fall below 25,150 may weaken the current uptrend.
With the Union Budget approaching, experts expect market movements to remain range-bound, with stock-specific action continuing in the near term.
