Share Market Today / Today the market is witnessing a rise, IT stocks jumped, FMCG stocks declined

The Indian stock market opened with gains on Wednesday. After opening at 76,138.24, the Sensex was seen trading at 76,152 with a gain of 255 points. The Nifty reached 23,020 with a gain of 63.20 points. Most sectoral indices remained in the green, while Nifty FMCG remained in decline.

Vikrant Shekhawat : Jan 29, 2025, 10:02 AM
Share Market Today: Indian stock market got off to a positive start on Wednesday. The Bombay Stock Exchange (BSE) Sensex opened at 76,138.24 and was seen trading at 76,152 with a gain of 0.36% or 255 points in early trade. Out of 30 Sensex stocks, 22 were in the green, while 8 stocks declined. The National Stock Exchange (NSE) Nifty was also seen trading at 23,020 with a gain of 0.28% or 63.20 points. Out of 50 Nifty stocks, 32 were trading in the green, 17 in the decline and 2 without any change.

Performance of Nifty's major stocks

The biggest gainers in Nifty were Bajaj Auto (4.33%), BEL (1.57%), Infosys (1.52%), Hero MotoCorp (1.27%) and Wipro (1.12%). At the same time, Tata Consumer (0.96%), HDFC Life (0.64%), JSW Steel (0.62%), NTPC (0.55%) and Britannia (0.52%) declined.

Sectoral performance

Almost all sectoral indices were trading in the green. Nifty Midsmall IT & Telecom rose 2.09%, while Nifty IT rose 1.73%, Nifty Media 1.84%, Nifty Metal 0.64%, Nifty Pharma 0.52%, Nifty Bank 0.05%, Nifty Auto 0.83%, Nifty Financial Services 0.16%, Nifty PSU Bank 0.46%, Nifty Private Bank 0.07%, Nifty Realty 0.50%, Nifty Healthcare 0.44%, Nifty Consumer Durables 0.60%, Nifty Oil & Gas 0.24% and Nifty Midsmall Healthcare gained 0.49%. Only Nifty FMCG declined 0.60%.

Overall Conclusion

The Indian stock market remained in a positive trend on Wednesday, boosting investor confidence. Key indices remained in the green, and most sectoral indices registered gains. This strength in the market may continue in the upcoming trading sessions as well.