Benchmark Indices Gain 0.30 Per Cent Day Before Budget, Midcap Index Up by 0.85 Per Cent

The Sensex inched up by 0.19 per cent, reaching 76,903.11, while the Nifty 50 climbed 0.31 per cent to 23,322.40.

Market Update at 9:40 AM: Indian equity markets opened on a positive note, extending gains ahead of the Union Budget, which is set to be presented tomorrow. Today, the Economic Survey for 2024-25 will be tabled in Parliament, setting the stage for key economic insights. Amidst this anticipation, benchmark indices advanced, tracking a broader market rally.

The Sensex inched up by 0.19 per cent, reaching 76,903.11, while the Nifty 50 climbed 0.31 per cent to 23,322.40. The broader markets continued to exhibit strength, with the Nifty Midcap 150 advancing 0.85 per cent to 19,680.50, and the Nifty Smallcap 250 rising 0.52 per cent to 15,666.60.

Market volatility edged higher, as reflected in the India VIX, which surged 2.11 per cent to 17.76, indicating a rise in investor caution ahead of the budget announcement.

Among sectoral indices, Nifty IT, Nifty Healthcare, and Nifty Pharma were the Top Gainers, rising by 1.20 per cent, 0.82 per cent, and 0.79 per cent, respectively. On the other hand, Nifty PSU Bank, Nifty Bank, and Nifty Metal emerged as the worst-performing sectors, declining by 0.66 per cent, 0.47 per cent, and 0.42 per cent, respectively.

Within the Nifty 50 index, Tata Consumer Products, Trent, and Titan led the gainers, advancing by 3.46 per cent, 3.00 per cent, and 2.75 per cent, respectively. Conversely, Bharti Airtel, Indian Hotels Company, and Bajaj Finserv were the top laggards, slipping by 3.89 per cent, 1.96 per cent, and 1.08 per cent, respectively.

Market breadth remained positive, with 1,566 stocks advancing against 798 stocks declining, indicating broad-based buying interest across segments.

Market Update 8:15 AM: U.S. stocks ended a volatile session on a positive note Thursday as investors assessed a series of key earnings reports. The Dow Jones Industrial Average climbed 168.61 points (0.38 per cent) to close at 44,882.13. The S&P 500 advanced 31.86 points (0.53 per cent) to end at 6,071.17, while the Nasdaq Composite edged up 49.43 points (0.25 per cent) to finish at 19,681.75.

Asian markets traded on a mixed note Friday, weighed down by weakness in technology shares. Meanwhile, U.S. futures ticked higher following strong results from Apple Inc.

The GIFT Nifty suggests a positive opening for Indian markets, with Nifty futures trading at 23,440.5 as of 7:00 AM IST.

Indian equity markets extended their recovery for the third straight session on January 30, as investors optimism remained high ahead of the Union Budget on Saturday and the Reserve Bank of India's (RBI) upcoming policy review next week.

By market close, the Sensex had gained 226.85 points (0.3 per cent) to settle at 76,759.81, while the Nifty advanced 86.4 points (0.3 per cent) to end at 23,249.5.

U.S. Treasury yields moved higher, with the 10-year yield rising 36 basis points to 4.53 per cent, while the 2-year yield increased 24 basis points to 4.21 per cent in early Friday trade.

The U.S. dollar strengthened slightly to 108.17 against major currencies, including the yen and the euro, as traders evaluated new tariff risks, slower-than-expected U.S. economic growth, and an interest rate cut by the European Central Bank.

WTI crude oil futures climbed above USD 73 per barrel on Friday, extending gains from the prior session, as investors sought more clarity on President Trump’s impending tariff deadline. Trump reaffirmed his plan to implement 25 per cent tariffs on Canada and Mexico starting Saturday but suggested he was still contemplating whether to exclude oil from the tariffs.

On January 30, Foreign Institutional Investors (FIIs) continued their selling streak, offloading Indian equities worth Rs 4,582.95 crore. Meanwhile, Domestic Institutional Investors (DIIs) stepped in, purchasing equities worth Rs 2,165.89 crore.

No stocks are under the F&O ban today.

Disclaimer: The article is for informational purposes only and not investment advice.