The benchmark equity indices, BSE Sensex and NSE Nifty50, continued their upward momentum, ending in the green on Wednesday, January 29, 2025.
- The BSE Sensex surged 631.55 points (0.83%) to 76,532.96, hitting a high of 76,589.93 during the session.
- The NSE Nifty50 also gained 205.85 points (0.90%), closing at 23,163.10, after trading between 22,976.50 and 23,181.35.
The day favoured the bulls as 42 out of the 51 Nifty50 stocks ended higher.
Notably, ITC Hotels made its stock market debut today following its demerger from ITC’s other businesses.
The broader markets outperformed benchmark indices, led by impressive gains in the smallcap segment:
- Nifty Smallcap100 index surged 3.32%.
- Nifty Midcap100 ended 2.31% higher.
- India VIX, the volatility index, rose 2.44%, closing at 18.64 points.
Impact on the stock market
All sectoral indices except FMCG ended with gains:
- Nifty IT index jumped 2.62%, led by Persistent Systems and LTIMindtree.
- Nifty Auto, Healthcare, Financial Services, Realty, and Banking indices gained up to 2.91%.
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| Sector/Index | Performance |
| IT & BPM sector | 2.62% |
| Healthcare sector | 1.66% |
| Oil & Gas sector | 0.61% |
| Real estate sector | 2.91% |
| PSU Bank in India | 0.77% |
Top gainers today
| Company | Price | Change % |
| Shriram Finance Share Price | 553.50 | +4.41 |
| Bharat Elec Share Price | 267.20 | +3.47 |
| Tata Motors Share Price | 752.50 | +3.33 |
| Wipro Share Price | 312.45 | +2.92 |
| SBI Life Insura Share Price | 1,460.90 | +2.92 |
Top losers today
| Company | Price | Change % |
| Maruti Suzuki Share Price | 11,975.70 | -1.22 |
| Bharti Airtel Share Price | 1,601.75 | -1.03 |
| Asian Paints Share Price | 2,222.10 | -0.88 |
| Britannia Share Price | 5,028.55 | -0.64 |
| ITC Share Price | 433.15 | -0.53 |
Market aftermath: Impact on stocks
Maruti Suzuki beats estimates with 16% rise in Q3 profit
Maruti Suzuki posted a 16% YoY increase in consolidated net profit to ₹3,727 crore, surpassing analyst estimates.
- Revenue: ₹38,764 crore, up 16% YoY.
- Standalone net sales: ₹36,802 crore, the highest-ever quarterly sales.
- Stock reaction: Maruti Suzuki shares slipped 0.9% to ₹12,015 despite strong earnings.
Ixigo jumps 12% despite 49% drop in Q3 profit
LE Travenues Technology (Ixigo) shares surged 12.13% to ₹140.71, despite a sharp fall in profits.
- Q3 net profit: ₹15.5 crore, down 49% YoY.
- Revenue: ₹241.7 crore, up 41.7% YoY from ₹170.5 crore in Q3FY24.
- Profit before taxes and exceptional items rose 46% YoY to ₹23.31 crore.
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Suzlon Energy hits 5% upper circuit after strong Q3 earnings
Suzlon Energy surged 5% to ₹52.76, after reporting a 90% YoY increase in net profit.
- Net profit: ₹386.92 crore, up from ₹203.04 crore in Q3FY24.
- Revenue: ₹2,968.81 crore, up 91% YoY.
- EBITDA: More than doubled to ₹500 crore, with a margin of 16.8%.
- The company recorded its highest-ever quarterly deliveries of 447 MW.
- Morgan Stanley set a target price of ₹71, citing a strong order book of 5.5 GW and expanding capacity.
Crude oil futures decline as US inventory builds up
Crude oil prices fell as American Petroleum Institute (API) data indicated a rise in US crude oil inventories.
- April Brent crude futures fell 0.21% to $76.33 per barrel.
- March WTI crude futures dropped 0.11% to $73.69 per barrel.
- February crude futures on MCX rose 0.74% to ₹6,387, while March futures were up 0.60% at ₹6,336.
Market analysts are closely watching the official US Energy Information Administration (EIA) data, expected later today, for confirmation of inventory trends. Meanwhile, reports suggest that former US President Donald Trump is still considering tariffs on Canada, Mexico, and China, which could further impact global commodity prices.
Conclusion
It was another strong day for the bulls, with Sensex and Nifty extending gains. IT, auto, and financial stocks led the rally, while smallcap and midcap stocks outperformed.
In earnings action, Maruti Suzuki, Ixigo, and Suzlon Energy made headlines for different reasons, showcasing the diverse nature of market movements. Meanwhile, crude oil prices dipped, with US inventory buildup raising supply concerns.
As earnings season continues and global factors play out, investors should keep a close eye on sectoral trends and stock-specific developments. Stay tuned for more market updates!
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