Stock Market Today: Stock market continues to boom, Adani Group’s shares rise

Stock Market Opening Bell: Indian stock market made a strong start on 29 January. The BSE Sensex rose 236.84 points to 76,138.24, while NSE Nifty started trading at 23,026.75 with a gain of 69.50 points. The Indian stock market today opened with an increase amid mixed impact of global signals. Investors are now eyeing two big events Federal Open Market Committee (FOMC) meeting and Union Budget 2025 (Union Budget 2025).

By 9:18 am, the BSE Sensex gained 295 points (0.39%) to 76,182, while NIFTY 50 was trading at 23,034 with 77 points (0.33%).

Market fluctuations before budget

Before the budget, market fluctuations can remain, as investors are waiting for the announcements of Finance Minister Nirmala Sitharaman. Indian investors are hoping that there may be major announcements in the budget 2025 to promote economic reforms and development. At the same time, today the decision of the US Federal Reserve (US FED) meeting will also be announced, which can decide the direction of the market.

Almost all shares of Adani Group gains in early trade

Almost all the shares of Adani Group are open today. In early trade, Adani Energy Solutions saw an increase of 0.45%. Shares of Adani Enterprises also increased by 0.48%. However, Adani Green Energy recorded a slight lead of only 0.17%. Shares of Adani Ports increased a slight increase of 0.40%. Adai Power’s shares saw an increase of 1.16%, while Adani Total Gas shares increased by 0.13%. Adaani Wilmer’s shares increased a slight increase of 0.46%.

Sectoral index boom

All -round purchases are being seen in the market. Auto, IT, PSU bank, financial services, pharma, metal, realty, media, energy, private bank and commodity index are trading rapidly. Only the FMCG index is in red mark. The trend of boom in midcap and smallcap stocks is being seen as compared to largecap. The Nifty Midcap 100 index rose 444 points or 0.86 percent to 51,973 and the Nifty Smallcap 100 index increased by 229 points or 1.43 percent to 16,237.

Sensex’s top gainers and losquers

The shares listed on the Sensex were Zomato, Infosys, TCS, Tech Mahindra, Tata Steel, HCL Tech, Bajaj Finance, Tata Motors, Bajaj Finserv, Kotak Mahindra, SBI, UltraTech Cement, Power Grid and NTPC Top Gaainers. While Nestle, HUL, Asian Paints, Axis Bank, ITC, Bharti Airtel and ICICI Bank were the top losis.

Stock market gains for the second consecutive day

Let us know that the Indian stock market is getting stronger for the second consecutive day. Tomorrow i.e. on Tuesday, after two consecutive days of heavy selling, the market breathed a sigh of relief, and even today there is an increase in early trade. The market started well in yesterday’s session, although some pressure was also seen on the upper levels. The last hour of the session saw profit booking, but the market closed firmly. The Sensex gained 535 points or 0.71% to close at 75,901 on the previous day, while the Nifty climbed 128 points or 0.56% to 22,957. Even today the market is open in the green mark, which has increased the trust of investors. Budget 2025 and FOMC meeting is expected to continue market fluctuations.