Stock Market Today: January 29, 2026 – Indian Equity Market Update

Published On: 29/01/20262 min read

Stock Market Today: January 29, 2026

Indian equity markets saw a mixed but resilient trading session on January 29, 2026. The benchmark BSE Sensex closed firmly higher at 82,368.96 points, reflecting a gain of 476.60 points or 0.58% compared to the previous close. NSE Nifty 50 also rose, ending the day at 24,935.10, up by 87.85 points or 0.35%. The trading atmosphere was cautious amid global market uncertainties and domestic economic data releases.

Benchmark Indices Performance

BSE Sensex Performance

  • Opening: 81,892.36 (+0.61%)
  • Day High: 82,386.79
  • Day Low: 81,436.79
  • Previous Close: 81,892.36
  • 52-Week High: 85,978.25 (September 2025)
  • 52-Week Low: 71,425.01

NSE Nifty 50 Performance

  • Opening: 24,847.25 (+0.29%)
  • Day Range: 24,760.50 – 24,935.10
  • Previous Close: 24,847.25
  • Monthly Performance: +1.20%
  • Year-to-Date: +4.15%

Sectoral Performance

The market showed strength in select sectors with Energy and Metal leading gains. Metal stocks surged by 2.1%, supported by rising global demand and improved domestic use. The Energy sector gained 1.7% benefitting from stable crude prices and strong earnings outlook. IT and Banking sectors underperformed, with IT down by 0.9% and Banking declining slightly by 0.15%, as investors remain cautious about upcoming earnings results.

Top Gainers and Losers

  • Top Gainers:
    • Tata Steel: +4.05%
    • Reliance Industries: +1.65%
    • Maruti Suzuki: +1.30%
    • Adani Enterprises: +2.40%
  • Top Losers:
    • Infosys: -1.45%
    • HDFC Bank: -0.50%
    • Tata Consultancy Services (TCS): -0.90%
    • Kotak Mahindra Bank: -0.35%

Market Drivers and Outlook

The market sentiment was buoyed by optimism around India’s strong Q3 corporate earnings and encouraging macroeconomic data. However, caution prevails amid global geopolitical tensions and the investigation of upcoming central bank policies worldwide. Domestic investors await updates on government policies impacting infrastructure and manufacturing sectors.

Foreign Institutional Investors (FIIs) remained net buyers on January 29, supporting market stability after concerns over outflows in earlier weeks. The Indian Rupee traded near 82.45 against the US Dollar, slightly improving by 0.12%.

Technical Outlook

Analysts noted immediate resistance levels for Nifty at 25,000 with key support around 24,800. Sustained trading above these levels could signal further bullish momentum. The Sensex faces resistance near 83,000 and support at 81,500.

Global Markets and Currency

Global markets remained mixed with the US indices showing moderate gains amid corporate earnings season. Asian markets similarly showed cautious optimism. The Rupee’s mild strengthening was supported by stable crude oil prices and improved trade outlook.

Additional Resources

For more detailed insights on Indian stock markets, visit nextipoindia.com to stay updated on upcoming IPOs and market trends.

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