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I) Nifty: opened at 23026 and touched a high of 23183, then a low of 22976, and closed at 23163 with a total of +205 points in Positive.
II) Bank Nifty: opened at 48997 and touched a high of 49199, then a low of 48849, and closed at 49165 with a total of +299 points Positive.
III) CNX Finance: opened at 22865 and touched a high of 23060, then a low of 22803, and closed at 23044, with a total of +239 points in Positive.
IV) Nifty Mid Select: open 11643 and touched a high of 11880, then a low of 11640 and closed at 11871, With a total of +227 points in Positive.
1. Syrma SGS:- Shares of Syrma SGS Technology Ltd. surged as much as 20% on Wednesday, January 29, after the company reported a strong quarter for the October-December period.
2. Inox Wind:-Inox Wind share price: Today's rise in Inox Wind share also comes after peer firm Suzlon Energy posted strong quarterly results for the October-December quarter of the current financial year (Q3FY25)
1. Jupiter Wagons:- Shares of Jupiter Wagons Ltd tanked 8 per cent in Wednesday's trade even as the company reported an 18 per cent rise in its net profit for the December quarter and said its board has approved a qualified institutional placement (QIP) worth Rs 3,000 crore. The wagon maker reported a net profit of Rs 96.43 crore for Q3 against Rs 81.46 crore in the year-ago quarter. Sales for the quarter grew 14.95 per cent YoY to Rs 1,029.83 crore from Rs 895.83 crore in the corresponding quarter last year.
2. JSW Energy:- AShares of JSW Energy Ltd slipped 10% on Thursday after Q3 earnings came below expectations. Axis Securities said the company missed its estimates on the revenue, EBITDA, and PAT front. The brokerage reduced its price target to Rs 770 from the earlier Rs 800 per share but maintained its buy call on the stock.
On January 29, 2025, India's benchmark indices rose, driven by a 1.7% increase in information technology stocks, as investors awaited comments from the U.S. Federal Reserve on interest rates. The Nifty 50 gained 0.56% to 23,084.55 points, and the BSE Sensex added 0.52% to 76,296.24. Technology stocks also led gains in other Asian markets amid reduced concerns over a new low-cost Chinese AI model. The Fed is expected to maintain its benchmark policy rate, with a focus on future policy trajectory as influencing global markets and foreign flows into emerging markets like India.
Infosys Ltd. shares surged by 2.83% to 1,880.85 Indian rupees on a favourable trading day where the BSE SENSEX Index also saw an increase of 0.83% to 76,532.96. Infosys shares, however, are still 6.28% below their 52-week high of 2,006.80 rupees, set on December 13th. In comparison to its competitors, Infosys yielded mixed results on the same day with Tata Consultancy Services Ltd. rising 1.47% to 4,099.80 rupees and Wipro Ltd. advancing by 2.92% to 312.45 rupees. The trading volume for Infosys reached 220,191 as opposed to the 50-day average of 174,835.
Bajaj Finance Ltd. shares rose by 2.02% to 7,758.10 Indian rupees on Wednesday, marking a strong performance in a positive trading session where the BSE SENSEX Index gained 0.83% to reach 76,532.96. This puts Bajaj Finance's stock just 0.84% below its 52-week high of 7,823.85 rupees, achieved on September 30. In comparison, Mahindra & Mahindra Financial Services Ltd. saw a decline of 0.74% to 270.00 rupees. The trading volume for Bajaj Finance on this day was 31,834, which is slightly higher than its 50-day average of 31,026.
