Indian markets rose for the second consecutive session on January 29, with Nifty 50 up 213.50 points and BSE Sensex gaining 682 points. Strong buying in IT and banking stocks, alongside broader market value buying,

ITC Ltd's hotel arm, ITC Hotels, is set to list on the bourses today. ITC decided to demerge its hotel business into a separate listed entity to unlock shareholder value

Highlights: Banking stocks stole the show in the sectoral markets, with Nifty Bank, PSB, and private bank indices each ending higher by over 1 per cent

The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 23,028 level, a premium of nearly 50 points from the Nifty futures’ previous close.

Shares of Coforge Ltd. and Persistent Systems Ltd. surged 11% and 12%, respectively on positive third-quarter earnings. Tech sentiments were also buoyed by Trump's push to make the US an AI superpower by having fewer guardrails.

The domestic benchmark indices opened higher on Wednesday for second day in a row, as investors are now looking forward to positive cues in the upcoming Union Budget 2025-26.

Indian stock market is expected to see a positive opening on Tuesday, January 28, as indicated by Gift Nifty. However, the market may witness volatility amid weak global cues as the focus shifts to the US Fed policy outcome on Wednesday.

Broader markets also mirrored the benchmarks as the Nifty Smallcap100 and Nifty Midcap100 indices ended down by 3.84 per cent and 2.75 per cent, respectively

GMT+0000 (Coordinated Universal Time)GIFT Nifty signals a positive startGIFT Nifty on the NSE IX signaling that Dalal Street was headed for positive start on Wednesday. Wed Jan 29 2025 03:40:58 GMT+00

BSE Sensex was trading 368.91 points or 0.49 per cent higher at 75,735.08. Nifty was trading at 22,923.60, down 94.45 points or 0.41 per cent. The gains were led by banking names.