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Bourses trim some losses in early afternoon session
Jan-29-2026

Indian markets trimmed some of their losses in early afternoon session but remained in red. Traders took note of economic survey tabled in Parliament projected India’s economy to grow between 6.8% to 7.2% in fiscal 2027, underlining the country’s resilience amid a volatile global environment marked by geopolitical tensions, tighter financial conditions and uneven global demand. Some cautiousness came ahead of the Union Budget due on February 01, 2026. Sector wise, fertilizer sector remained in limelight as Fertiliser Association of India (FAI) in its provisional data has showed that urea sales in India increased 3.8 per cent to 31.16 million tonnes during April-December 2025 as compared to 30.02 million tonnes in the year-ago period. 

On the global front, Asian markets were trading mostly in green as Japan's consumer sentiment improved in January to the highest level in nearly two years. The seasonally adjusted consumer confidence index rose to 37.9 in January from 37.2 in December. Meanwhile, the street had forecast the index to rise to 38.0.

The BSE Sensex is currently trading at 82161.37, down by 183.31 points or 0.22% after trading in a range of 81707.94 and 82386.79. There were 10 stocks advancing against 20 stocks declining on the index.

The top gaining sectoral indices on the BSE were Metal up by 1.59%, Power up by 1.26%, Utilities up by 0.64%, Oil & Gas up by 0.56% and Energy was up by 0.48%, while Consumer Durables down by 2.41%, Auto down by 1.64%, FMCG down by 1.50%, Consumer discretionary down by 1.47% and IT was down by 1.45% were the top losing indices on BSE.

The top gainers on the Sensex were Larsen & Toubro up by 3.50%, NTPC up by 2.53%, Tata Steel up by 2.06%, Axis Bank up by 2.00% and Eternal up by 1.13%. On the flip side, Asian Paints down by 3.43%, Mahindra & Mahindra down by 3.29%, Interglobe Aviation down by 2.92%, Maruti Suzuki down by 2.64% and Titan Company down by 2.60% were the top losers.

Meanwhile, emphasizing the importance of Insolvency and Bankruptcy Code (IBC) in transforming country’s insolvency landscape, the Financial Services Secretary M Nagaraju has said that the IBC has been a game-changer. He added that the IBC has fostered transparency, accountability and efficiency in corporate dispute resolution and laid the foundation of a more resilient and robust economy. However, he noted that several challenges still remain, which include timelines of resolutions and liquidations, resulting in value deterioration, low realisations to creditors and capacity constraints at National Company Law Tribunal (NCLT). In order to address some of these key challenges relating to delays in resolution and liquidation and low recovery rates, the select committee has recommended seventh amendment -- IBC Amendment Bill 2025. The bill also proposes introduction of provisions on group insolvency process, cross-border insolvency and the creditor-initiated insolvency processes to strengthen and expand the framework of IBC.

Nagaraju highlighted that the amendment bill is expected to enhance the timelines and effectiveness of insolvency proceedings, improve greater confidence and align India's resolving regime more closely with the global best practices, thereby fostering greater stability and resilience in the financial system. Besides, six amendments have been carried out in the IBC since its inception in 2016, in order to facilitate an expeditious resolution process under IBC and to ensure proper implementation of IBC. He also highlighted that the Department of Financial Services (DFS) has been undertaking several measures along with the Ministry of Corporate Affairs and Insolvency and Bankruptcy Board of India (IBBI) to expedite insolvency processes. He cited measures such as the periodic review of large accounts of public sector banks facing delays at various stages of the insolvency process and active collaboration with IBBI to cut down on delays and issuance of general advisories to banks on handling such cases.

Moreover, he pointed that resolution plans have been approved in case of 1,300 corporate debtors under the IBC, enabling creditors to realise about Rs 4 lakh crore in these cases as of September 2025. This led to a decline in the gross NPA ratio of scheduled commercial banks to 2.05% in September 2025 and net NPA to 0.52%. He added that the fear of losing control of the firm on initiation of a Corporate Insolvency Resolution Process (CIRP) is nudging debtors to settle their dues with the creditors as soon as possible. Further, 30,310 applications for initiation of CIRPs having an underlying default of Rs 13.78 lakh crore were resolved even before their admission in the NCLT as of March 2025.

The CNX Nifty is currently trading at 25288.30, down by 54.45 points or 0.21% after trading in a range of 25159.80 and 25359.35. There were 17 stocks advancing against 33 stocks declining on the index.

The top gainers on Nifty were Larsen & Toubro up by 3.52%, NTPC up by 2.64%, Hindalco up by 2.51%, ONGC up by 2.26% and Axis Bank up by 2.06%. On the flip side, Asian Paints down by 3.56%, Mahindra & Mahindra down by 3.27%, SBI Life down by 3.25%, Interglobe Aviation down by 2.94% and Maruti Suzuki down by 2.60% were the top losers.

Asian markets were trading mostly in green; Nikkei 225 surged 165.29 points or 0.31% to 53,524.00, Hang Seng advanced 142.09 points or 0.51% to 27,969.00, KOSPI increased 50.44 points or 0.97% to 5,221.25, Straits Times rose 9.39 points or 0.19% to 4,918.73 and Shanghai Composite was up by 6.74 points or 0.16% to 4,157.98. On the flip side, Jakarta Composite plunged 226 points or 2.72% to 8,094.56 and Taiwan Weighted was down by 267.55 points or 0.82% to 32,536.27.
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