HOME > MARKETS > MARKET COMMENTARY
  MARKET COMMENTARY
EQUITY
Post Session: Quick Review
Jan-29-2026

Indian equity benchmarks ended in positive territory on Thursday ahead of the Union Budget scheduled this weekend. After a cautious start, the indices slipped sharply into the red amid mixed global cues. However, in the afternoon session, markets staged a strong recovery, erasing all losses and closing with notable gains, as traders were optimism about country’s economic resilience after the Economic Survey projected the GDP growth in the range of 6.8% to 7.2% in 2026-27.

Some of the important factors in trade:

FIIs turn net buyers: Sentiments were upbeat as foreign institutional investors (FIIs) turned net buyer on Wednesday’s session after days of relentless selling. The FIIs bought equities worth Rs 480.26 crore on Wednesday.

India’s industrial output growth surges to 7.8% in December: Traders took some support as government data showed India's industrial production growth accelerated to over a two-year high of 7.8 per cent in December 2025, driven by strong performances in mining, manufacturing and electricity.

India's trade deal with EU to boost investment, manufacturing: Sentiments remained optimistic as Moody's Ratings has said that the India-EU free trade pact will be credit positive for India, as lower tariffs and better market access are expected to attract foreign investment, boost manufacturing, and increase the export competitiveness of labor-intensive sector.       

Global front: European markets were trading mostly in green, as the U.S. Federal Reserve kept its policy rate unchanged, as widely expected, after cutting it at three consecutive meetings during the final months of last year. Asian equity markets ended 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.

The BSE Sensex ended at 82566.37, up by 221.69 points or 0.27% after trading in a range of 81707.94 and 82689.96. There were 14 stocks advancing against 16 stocks declining on the index. (Provisional)

The top gaining sectoral indices on the BSE were Metal up by 2.69%, Power up by 2.18%, Utilities up by 1.48%, Basic Materials up by 1.33% and Telecom up by 1.09%, while Consumer Durables down by 1.53%, IT down by 0.88%, FMCG down by 0.87%, Healthcare down by 0.83% and Auto down by 0.72% were the top losing indices on BSE. (Provisional)

The top gainers on the Sensex were Tata Steel up by 4.57%, Larsen & Toubro up by 3.58%, Axis Bank up by 3.45%, Eternal up by 3.00% and NTPC up by 2.93%. On the flip side, Asian Paints down by 3.71%, Maruti Suzuki down by 2.71%, Interglobe Aviation down by 2.65%, TCS down by 1.87% and Bharat Electronics down by 1.73% were the top losers. (Provisional)

Meanwhile, the negotiations between India and the South American nation Chile, on the proposed comprehensive free trade agreement (FTA) are close to completion. The pact with the South American nation may help India access critical minerals, which are key inputs for electronics, auto, and solar sectors.

The two countries implemented a preferential trade agreement (PTA) in 2006 and are now negotiating to widen its scope for a comprehensive economic partnership agreement (CEPA). CEPA aims to build upon the existing PTA between the two nations and seeks to encompass a broader range of sectors, including digital services, investment promotion and cooperation, MSMEs (micro, small, and medium enterprises), and critical minerals.

The bilateral trade between India and Chile is modest. In 2024-25, India's exports to Chile were down 2.46 per cent to just $1.15 billion. Imports, however, grew 72 per cent to $2.60 billion. The review of FTA in goods with the 10-nation Southeast Asian bloc, Asean, is on and is taking a shape.  

The CNX Nifty ended at 25418.90, up by 76.15 points or 0.30% after trading in a range of 25159.80 and 25458.15. There were 23 stocks advancing against 25 stocks declining on the index, while two stocks remained unchanged. (Provisional)

The top gainers on Nifty were Tata Steel up by 4.47%, Larsen & Toubro up by 3.80%, Tata Motors Passenger up by 3.51%, Axis Bank up by 3.33% and Eternal up by 3.00%. On the flip side, Asian Paints down by 3.81%, SBI Life Insurance down by 2.74%, Interglobe Aviation down by 2.70%, Maruti Suzuki down by 2.52% and Tata Consumer Products down by 2.17% were the top losers. (Provisional)

European markets were trading mostly in green; France’s CAC rose 36.92 points or 0.46% to 8,103.60 and UK’s FTSE 100 increased 37.32 points or 0.37% to 10,191.75, while Germany’s DAX lost 212.59 points or 0.86% to 24,610.20.
  RELATED NEWS >>
Most Viewed >>
EXPLORE
© CITRUS INTERACTIVE
Designed & Developed Accord Fintech Pvt. Ltd.