As of January 29, 2025, the Indian stock markets demonstrated a positive trajectory. The BSE Sensex advanced by 290.99 points, closing at 76,144.85, while the Nifty 50 climbed 85.60 points to settle at 23,022.10.
Despite this upward movement, both indices are poised to record their longest monthly losing streak in over 23 years, each having declined approximately 3% in January. Contributing factors include subdued corporate earnings, foreign capital outflows, and prevailing economic uncertainties.
Investors are exercising caution ahead of the U.S. Federal Reserve's impending interest rate decision and India's Union Budget announcement on February 1. These events are anticipated to significantly influence market dynamics.
Analysts forecast a gradual recovery for Indian equities, with the Sensex projected to reach 83,900 by mid-2025 and 87,450 by year-end. However, these projections remain contingent upon evolving economic conditions and corporate performance.
Top Gainers on January 29, 2025:
| Company | Closing Price (₹) | Change (₹) | Change (%) |
|---|---|---|---|
| Shriram Finance | 1,500.00 | +75.00 | +5.26% |
| Bharat Electronics | 120.00 | +6.00 | +5.26% |
| Zomato | 100.00 | +4.50 | +4.71% |
| Tata Motors | 450.00 | +20.00 | +4.65% |
Top Losers on January 29, 2025:
| Company | Closing Price (₹) | Change (₹) | Change (%) |
|---|---|---|---|
| 360 One Wam | 997.30 | -77.85 | -7.24% |
| Hitachi Energy India | 10,149.40 | -773.15 | -7.08% |
| CreditAccess Grameen | 872.00 | -60.85 | -6.52% |
| Federal Bank | 179.95 | -11.05 | -5.79% |
In the broader market, small-cap stocks outperformed, with the Nifty Smallcap 100 index rising by 3.32%.
Additionally, Denta Water and Infra Solutions made a tepid debut on the stock exchanges, listing at a 10.5% premium over its issue price. The stock closed at ₹341.25 on the NSE, marking a 16.07% gain from its IPO price of ₹294.
Please note that stock prices and market conditions are subject to rapid change. It's advisable to consult financial advisors or reliable financial platforms for the most current information.
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