Stock Market Gains Momentum: Sensex and Nifty Surge in Early Trade

New Delhi, January 29 : The Indian stock market started on a strong note today, witnessing early gains in both Sensex and Nifty. Despite some initial profit-booking, buyer enthusiasm soon took over, pushing key indices higher.

As of 10 AM, the Sensex was up by 0.38%, while the Nifty surged 0.40%, indicating a bullish trend in the market.

Top Gainers and Losers in Early Trade

Among the top-performing stocks as of 10 AM were:

Bajaj Auto
Bharat Electronics
Wipro
Shriram Finance
Infosys

These stocks recorded gains ranging between 1.77% and 4.02%.

However, some stocks faced selling pressure, including:

BPCL
Tata Consumer Products
Hindustan Unilever
Britannia
Nestlé

These stocks saw declines ranging from 0.53% to 1.51%.

Market Breadth: Strong Buying Sentiment

As per market data at 10 AM:

• 2,349 stocks were actively trading.
• 2,001 stocks were in the green, recording gains.
• 348 stocks were in the red, facing losses.

Within the Sensex 30 pack:

21 stocks were trading in the green.
9 stocks were in the red, facing selling pressure.

Within the Nifty 50 pack:

39 stocks showed gains.
11 stocks traded lower.

Sensex Performance

The BSE Sensex opened with a 236.83-point gain at 76,138.24.

• It climbed to an intra-day high of 76,257.28 within minutes of opening.
• Profit booking dragged it to a low of 75,983.53.
• Buying momentum resumed, pushing Sensex up by 288.70 points to 76,190.11 as of 10 AM.

Nifty Performance

The Nifty 50 opened 69.50 points higher at 23,026.75.

• It hit an early high of 23,069.85, supported by strong buying.
• Profit booking briefly pushed it down to 22,976.50.
• By 10 AM, Nifty rebounded, trading 92.75 points higher at 23,050.

Recap of the Previous Trading Session

On Tuesday (January 28), the market closed on a strong note:

• Sensex surged 535.24 points (+0.71%) to close at 75,901.41.
• Nifty gained 128.10 points (+0.56%) to settle at 22,957.25.

This positive momentum has continued into today’s session, further strengthening investor confidence.

Key Market Trends Driving the Surge

1. Strong Global Cues

The global markets remain resilient, with positive sentiment spilling over into Indian equities.

2. Robust Corporate Earnings

Companies across sectors are posting strong quarterly earnings, boosting investor sentiment.

3. FII and DII Participation

Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) are actively participating, providing market stability.

4. Sectoral Strength

IT, Auto, and Banking stocks are leading the charge, with notable performances from Wipro, Infosys, and Bajaj Auto.

5. Economic Stability

India’s economic indicators remain strong, and inflation is under control, driving continued bullishness.

Market Outlook: What’s Next?

Sensex and Nifty expected to maintain positive momentum.
Volatility may persist as traders book profits.
Strong sectoral performances likely to drive gains further.
Investors advised to watch for global economic data and upcoming earnings reports.

With strong market participation and bullish trends, traders and investors can expect continued momentum in the coming sessions.

Stock Market Gains Momentum: Sensex and Nifty Surge in Early Trade