Markets at close, today: Indian equity markets ended higher in today’s session, with the Sensex rising 487 points, or 0.60%, to close at 82,344.68, while the Nifty gained 167 points, or 0.66%, to settle at 25,342.75.
Markets at 1.30: The domestic indices came off day’s highs. The Nifty 50 was trading 56 points or 0.22% higher at 25,232, while the BSE Sensex rose 103 points or 0.13% to 81,960.
Markets at open: Indian equity indices opened Wednesday’s trade on a steady note. The Nifty 50 surged 82 points or 0.33% to open at 25,257.55, while the BSE Sensex opened 278 points or 0.34% at 82,136. The Nifty Bank rose 303 points or 0.41% to start the session at 59,508.
The share price of Asian Paints plunged roughly 6% as soon as markets opened. Further, Tata Consumer Products fell 4.6%, followed by Maruti Suzuki, Eicher Motors, Max Healthcare, and others, which were the major losers in the Nifty 50.
‘The Nifty index has begun stabilising around the upward-sloping Trendline support placed around the 24,900 spot levels. The 25,350-25,450 spot zone will act as an immediate hurdle on the higher side. Going ahead, it is likely to spend a little more time in the 24,900-25,450 zone. Sustained trading above 25,450 spot levels will open the floor for further upmove towards 25,900 spot levels in the near term,” said Vipin Kumar, Assistant Vice President of Technical Research at Globe Capital.
Market cues ahead of opening: The global markets are trading on a mixed note. The GIFT Nifty is trading 25 points, or 0.10%, higher at 25,444. Here are domestic as well as key global cues to watch before the market opens that include crude oil prices, FII and DII data, business groups that most affect, sectoral performance, etc.
Earlier on Tuesday, the NSE Nifty 50 closed the session 127 points or 0.51% higher at 25,175, while the BSE Sensex rose 320 points or 0.39% to close at 81,857.
Key global and domestic cues to know on January 28, 2025
Asian Markets
The Asian markets on Wednesday morning opened on a higher note. South Korea’s Kospi and Kosdaq continued to push fresh records, gaining 1.61% and 3.5% respectively. However, Japan’s Nikkei 225 slumped 0.63%, while the Topix fell 1.01%. Hong Kong’s Hang Seng index was up 0.95% in early trade, while the CSI 300 index on mainland China was flat.
US markets
The US benchmarks closed Tuesday’s trade on a mixed note. Traders also looked ahead to the Federal Reserve’s first rate decision of the year, due today. The S&P 500 index gained 0.41% and posted a closing record of 6,978.60, while the Nasdaq Composite climbed 0.91% to end at 23,817.10. The Dow Jones Industrial Average struggled, losing 408.99 points, or 0.83%, and settling at 49,003.41.
US Fed meeting
The Federal Reserve policy-setting panel met on January 27 and 28. The committee is likely pause its interest rate cuts on Wednesday. The Fed, which kicked off its two-day meeting on Tuesday, lowered interest rates three times in late 2025 to boost a weakening job market. Now, however, the labour market seems to be stabilising, and strong consumer spending continues to fuel economic growth.
Crude oil
The crude oil prices traded on a higher note on Wednesday morning. WTI crude prices were trading at $62.55, up 0.26%, while Brent crude prices were trading at $67.61, a rise of 0.08%.
US dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was trading 0.25% higher at 96.06 on Wednesday morning. The index evaluates the strength or weakness of the US dollar in comparison to major currencies. The basket contains currencies such as the British Pound, Euro, Swedish Krona, Japanese Yen, Swiss Franc, etc. The rupee appreciated 0.25% to close at 91.72 to the dollar on January 27.
FII, DII data
Foreign institutional investors (FII) were the net sellers of shares worth Rs 3,068.49 crore. On the other hand, the Domestic institutional investors (DII) were the net buyers of shares worth Rs 8,999.71 crore on January 27, 2025, according to the provisional data available on the NSE.
Gold rate today
The rate for 24-carat gold today is Rs 1,58,170 per 10 grams, near its all-time high. The price of gold has jumped by 1.11% from yesterday. The 24 kt gold rate today in Delhi is Rs 1,57,930 per 10 grams. The 18-carat gold price today in India is Rs 1,18,627.5. The 24-carat gold rate in Dubai today is Rs 1,02,210.73.
Silver rate today
The price of silver rose by Rs 100, with one kilogram of the precious metal selling at Rs 3,70,100. The price of one kilogram of silver in Delhi, Kolkata, and Mumbai stood at Rs 3,70,100. Ajay Kedia of Kedia Commodity said that attention remains on the upcoming Federal Reserve decision, though speculation over political pressure on the central bank has overshadowed the meeting.
Top sectors in Tuesday’s trade
The glass sector’s stocks surged the most in Tuesday’s trade, increasing 4.14% in market capitalisation. Further, aquaculture stocks were followed by the infrastructure sector stocks, which were further followed by the Metals – Non Ferrous sector stocks. However, the paints and pigments sector stocks fell the most.
Best and worst performing business groups
The Manipal Group’s market cap rose the most in today’s session, rising 3.64%. It was followed by the Vedanta Group. Apart from that, Jindal O P Group’s market capitalisation rose the most, increasing 2.64%. In the list of Adani Group stocks, Adani Enterprises’ share rallied 5.2%.