Finance
Stock Market Highlights, Friday, January 31, 2025: Benchmark equity indices rose for the fourth straight day, ending with gains, as Finance Minister Nirmala Sitharaman presented the Economic Survey 2024-25 in Parliament today. After reaching an intra-day high of 77,549.92, the BSE Sensex finished at 77,500.57, up 740.76 points or 0.97 percent from the previous level.
Similarly, the NSE Nifty50 closed up 258.90 points, or 1.11 percent, at 23,508.40. Today, the index fluctuated between 23,530.70 and 23,277.40 points.
The day finished in favour of the bulls, with 47 member companies of the Nifty50 rising, headed by Tata Consumer, Bharat Electronics, Trent, Larsen & Toubro, and Coal India, which gained up to 6.24 percent. Bharti Airtel, JSW Steel, Bajaj Finserv, ITC Hotels and ICICI Bank were among the Nifty50 constituent stocks that were the top laggards with losses extending up to 0.82 per cent.
Broader markets outpaced the benchmarks, with the Nifty Midcap100 and Nifty Smallcap100 indices closing up 1.89 percent and 2.11 percent, respectively.
All sectoral indices closed higher, led by Nifty FMCG and Consumer Durables, which rose 2.04% and 2.44 percent, respectively. Nifty Auto, PSU Bank, Realty, Metal, OMCs, and certain Financial Services indexes all rose by more than 1% on Friday.
D-Street investors are looking forward to Sitharaman’s presentation of the Union Budget 2024-25 to Parliament tomorrow, Saturday, February 1. Notably, the Indian equity market will be open for trade on Saturday due to the budget presentation.
Source: BS
