Nifty and Sensex Close in Green Despite Sectoral Headwinds
On January 29, 2026, Indian markets closed positively with Nifty 50 at 25,416.65 (+0.29%) and BSE Sensex at 82,543.42 (+0.24%). Market breadth was negative with 2,791 decliners vs 1,828 advancers out of 4,619 traded stocks. Engineering Services led gains (+10.94%), while Energy sector faced significant pressure (-12.06%). Notable corporate actions included SIS Limited's ESOP allotment and Hindustan Copper's upcoming board meeting.
*this image is generated using AI for illustrative purposes only.
Market Wrap: Mixed Sentiments as Indices Edge Higher
The Indian stock markets concluded on a positive note on January 29, 2026, with both benchmark indices, Nifty 50 and BSE Sensex, registering modest gains despite significant sectoral divergences.
Market Overview
The Nifty 50 closed at 25,416.65, up 73.90 points or 0.29% from the previous close. Similarly, the BSE Sensex ended the day at 82,543.42, gaining 198.74 points or 0.24%. These gains came amidst a mixed market breadth, indicating selective buying interest.
| Index | Closing Price | Change | % Change |
|---|---|---|---|
| Nifty 50 | 25,416.65 | +73.90 | +0.29% |
| BSE Sensex | 82,543.42 | +198.74 | +0.24% |
Market Breadth
The overall market sentiment leaned towards the negative side, with decliners outnumbering advancers.
| Category | Number of Scrips |
|---|---|
| Total Traded | 4,619 |
| Positive | 1,828 |
| Negative | 2,791 |
Sectoral Performance
The day witnessed a stark contrast in sectoral performances, with some sectors facing significant headwinds while others showed resilience.
Top Performing Sectors
| Sector | Average % Change |
|---|---|
| Engineering Services | +10.94% |
| Diversified | +1.17% |
| Trading | +0.67% |
| Aerospace & Defense | +0.65% |
Top Losing Sectors
| Sector | Average % Change |
|---|---|
| Energy | -12.06% |
| Commercial Services | -11.38% |
| Logistics & Cargo | -9.53% |
| Financial Services | -7.70% |
| Textiles | -7.06% |
Buzzing Stocks
Several companies made headlines due to corporate actions and financial updates:
- SIS Limited: Approved allotment of 50,733 equity shares under ESOP.
- Hindustan Copper Ltd: Witnessed a significant NSE block trade worth Rs. 20.98 crores. The company also scheduled its board meeting for February 5, 2026, to consider Q3FY26 results and interim dividend.
- Mahanagar Gas Limited: Scheduled board meeting for February 7, 2026, to approve Q3FY26 results and consider interim dividend.
- IVP Limited: Disclosed a Rs. 195 lakh fraud by a sales employee.
- New Delhi Television Limited: Revised authorization for Key Managerial Personnel and reported a consolidated net loss of ₹8,025 lakhs for Q3FY26.
- Canara Bank: Reported no deviation in fund utilization for Q3 FY2025-26 and submitted its quarterly security cover certificate.
- SG Finserve Limited: Received RBI approval for appointing Deepak Kumar as Director.
Conclusion
The Indian markets demonstrated resilience on January 29, 2026, with benchmark indices closing in the green despite significant sectoral pressures. The divergence between top-performing and losing sectors highlights the selective nature of investor interest in the current market environment.
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