The Indian stock market opened the day with optimism on Wednesday, January 28, 2026, and delivered strong gains across key indices. Investors cheered as both the Sensex and Nifty 50 extended their upward momentum for the second consecutive session, driven by renewed buying interest across sectors.
Market Performance: Sensex and Nifty Extend Gains
The Sensex surged 487 points, or 0.60%, to close at 82,344.68, while the Nifty 50 climbed 167 points, or 0.66%, settling at 25,342.75.
Market breadth was positive, reflecting widespread buying interest. Mid and small-cap stocks outperformed:
- BSE Midcap 150 Index: +1.69%
- BSE Smallcap 250 Index: +1.81%
The bullish trend added roughly ₹6 lakh crore to investors' wealth in a single session, with the BSE-listed companies' total market capitalization rising to nearly ₹460 lakh crore from ₹454 lakh crore in the previous session.
Key Highlights from the Indian Stock Market
The market saw broad-based gains, with specific sectors and stocks leading the charge. Here’s a closer look:
Top Nifty 50 Gainers
Several heavyweight stocks contributed to the upside, including:
- Bharat Electronics (BEL): +9.21%
- ONGC: +8.18%
- Coal India: +5.27%
Top Nifty 50 Losers
While most stocks moved higher, a few lagged:
- Tata Consumer: -4.55%
- Asian Paints: -4.22%
- Maruti Suzuki India: -2.39%
Sectoral Performance
Sector indices reflected widespread participation in the rally:
- Nifty Oil and Gas: +3.40% (top performer)
- Nifty Metal: +2.34%
- Nifty Media: +2.13%
- Nifty PSU Bank: +1.68%
- Nifty Realty: +1.57%
- Nifty Bank: +0.66%, closing at 59,598.80
- Financial Services Index: +1%
On the downside, only a few sectors ended lower:
- Nifty FMCG: -0.71%
- Nifty Pharma: -0.22%
- Nifty Healthcare: -0.20%
Most Active Counters by Volume
Investors actively traded the following stocks on the NSE:
- Vodafone Idea: 64.5 crore shares
- Tata Silver ETF: 64 crore shares
- Tata Gold ETF: 27.4 crore shares
Broad Market Trends
The market breadth tilted in favor of advancing stocks:
- Advancing Stocks: Over 2,900
- Declining Stocks: Over 1,300
Several mid-cap and small-cap stocks witnessed significant spikes:
- Stocks up over 15%: Sterlite Technologies, Redtape, Mahindra Logistics, Shilchar Technologies, Paras Petrofils, Omax Autos, Meera Industries, Infobeans Technologies (17 stocks total)
Meanwhile, many large-cap companies touched 52-week highs:
- Examples: Axis Bank, BEL, SBI, Tata Steel, Tech Mahindra (86 stocks)
Conversely, certain stocks hit 52-week lows:
- Examples: Gujarat Fluorochemicals, Patanjali Foods, Syngene International, Brigade Enterprises, Jyothy Labs, Akzo Nobel India (261 stocks)
Summary
Wednesday's session highlighted a strong upward momentum in the Indian stock market. Gains were widespread across indices, with mid and small-cap stocks outperforming, and sectoral rallies in Oil & Gas, Metals, Media, and PSU Banks fueling investor enthusiasm. The session added around ₹6 lakh crore to investors' wealth, reflecting a vibrant trading day and renewed confidence in the markets.
The Sensex and Nifty’s performance indicates continued optimism among investors, with both large-cap and mid-cap stocks contributing to the rally. Overall, the market showed broad-based participation, healthy trading volumes, and strong sectoral performances, setting a positive tone for the coming sessions.
Source: Livemint
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