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Stock Market Live Updates | Gift Nifty Signals Weak Open; Nifty Between 25,100–25,500
By Bajaj Broking Team
January 29, 2026
10 mins read
Market News
Synopsis:
Today’s share market’s key developments include: IndiGo launches a premium economy-style option, while Akzo Nobel India plans to rename itself JSW Dulux. Sai Life Sciences partners Mabtech, TCS forms a Morocco unit, NTPC commissions 130.5 MW, as FIIs and DIIs remain net buyers in equity markets.
9:20 AM IST
Stock Market LIVE Update | Sensex drops over 250 points | Nifty trades below 25,300
Indian equities opened lower with the Sensex slipping over 250 points and the Nifty trading below 25,300. Traders said the RBI likely intervened by selling dollars before market open to stabilise the rupee after NDF signals hinted at a move past 92 per dollar. The rupee traded near 91.98 in early deals. Commodity markets surged, with silver and gold futures hitting record highs. UBS turned positive on Tata Motors’ CV business, while L&T shares remained in focus after a YoY profit decline despite record order inflows.
Source: Bajaj Broking Research Desk.
GIFT NIFTY: Gift Nifty suggests a negative opening for the Indian market. Nifty spot in today's session is likely to trade in the range of 25,100 -25,500.
INDIA VIX: 13.52 | -0.93 (6.42%) ↓ today
In-Depth Market Insights: Global Outlook, Derivatives & More
Other Asset Classes
Treasury Yield:
Following the Fed decision, U.S. Treasury yields edged higher, with the 10-year up 2.8 bps to 4.249% and The 2-year yield increased 1.6 bps to 3.585%.
Currency:
The dollar index steadied above 96 on Thursday after hitting a four-year low earlier in the week.
Commodities:
Brent crude climbed toward $69 a barrel for a third straight session, hitting its highest level since late September amid U.S. warnings on Iran that raised supply concerns whereas WTI crude rose to $64 Per barrel.
Gold hit a fresh record above $5,500 an ounce as dollar weakness and global uncertainty persisted whereas Silver trading at $118.
Asian Markets
General Trends:
Asia-Pacific markets were mixed on Thursday, with Australia’s S&P/ASX 200 slipping 0.69%.
Sector-Specific Indicators:
Japan’s Nikkei 225 edged up 0.18% while the Topix slipped 0.57%. In South Korea, the Kospi gained 1.09% and the small-cap Kosdaq surged 2.69%.
Hong Kong Hang Seng index futures stood at 27,565, below the previous close of 27,826.91.
India Market Outlook
Market in the Previous Session:
Indian equity benchmarks ended the January 28th session on a strong note, with the Nifty decisively closing above the 25,300 mark, reflecting sustained bullish momentum in domestic markets. Sentiment remained positive, supported by optimism around the India–EU Free Trade Agreement, which is expected to improve trade prospects and support medium-term economic growth.
Global markets traded mixed as investors remained cautious ahead of the U.S. Federal Reserve’s policy decision. While interest rates are widely expected to remain unchanged, attention is focused on the Fed Chair’s guidance regarding the timing and pace of potential rate cuts later this year.
At the close, the Sensex rose 487.20 points, or 0.60%, to 82,344.68, while the Nifty gained 167.35 points, or 0.66%, to settle at 25,342.75.
Sectorally, Media, Metal, Energy, Oil & Gas, Realty, and PSU Banks gained 1–4%, while FMCG, Consumer Durables, and Pharma ended lower.
The broader market outperformed, with the Midcap and Small-cap indices rising 1.66% and 2.26%, respectively.
TRADE SETUP FOR JAN 29
Nifty Short-Term Outlook:
The Nifty has formed a second straight bullish candle with a higher high and higher low, indicating that the rebound from extremely oversold levels is continuing. Volatility is expected to remain high in the coming sessions due to the Union Budget on February 1, 2026, and mixed global cues.
The index has bounced over 350 points in the last two sessions from the key support zone of 24,800–25,000, which aligns with the lower end of the seven-month rising channel and the 52-week EMA.
If the momentum continues, Nifty could move towards the 25,500 level in the near term. Overall, ahead of the Budget, the index is likely to consolidate in the 24,900–25,550 range, with stock-specific moves dominating.
Intraday Levels:
Nifty: Intraday resistance is at 25,410, followed by 25,500 levels. Conversely, downside support is located at 25,220, followed by 25,100.
Bank Nifty: Intraday resistance is positioned at 59,840, followed by 60,100, while downside support is found at 59,340, followed by 59,100.
Derivative Market Analysis
Nifty:
Highest Put writing is concentrated at 25,000, indicating a strong base.
Fresh Put additions at 25,300 further strengthen near-term support.
Major Call writing at 26,000 reflects a strong overhead resistance.
Immediate Call writing between 25,300–25,500 suggests multiple hurdles for upside.
A decisive move above 25,400 is required to trigger upside towards 25,500.
Failure to sustain above resistance may result in range-bound movement between 25,300–25,400 with heightened volatility.
Bank Nifty:
Highest Put writing is concentrated at 25,000, indicating a strong base.
Fresh Put additions at 25,300 further strengthen near-term support.
Major Call writing at 26,000 reflects a strong overhead resistance.
Immediate Call writing between 25,300–25,500 suggests multiple hurdles for upside.
A decisive move above 25,400 is required to trigger upside towards 25,500.
Failure to sustain above resistance may result in range-bound movement between 25,300–25,400 with heightened volatility.
US Share Market News
Performance Overview:
U.S. stock indices opened on a positive note but failed to sustain early gains, slipping back to hover around the flat line for most of Wednesday’s session. The major averages eventually closed narrowly mixed.
Sector-specific indicator:
The U.S. Federal Reserve held rates steady at 3.50%–3.75% in a 10–2 vote, noting stabilizing labor conditions, modest job growth, and elevated uncertainty, while upgrading its growth outlook to solid expansion.
S&P 500 edged down 0.57 points or less than a tenth of a percent to 6,978.03 the Dow crept up 12.19 points or less than a tenth of a percent to 49,015.60 and the Nasdaq rose 40.35 points or 0.2 percent to 23,857.45
Economic indicator:
Trading on Thursday may be impacted by reaction to earnings news from tech giants Microsoft (MSFT), Meta Platforms (META) and Tesla (TSLA).
Stay on top of the latest market news with Bajaj Broking’s insights. Our point-to-point analysis digs deep into the surface, empowering you with a unique perspective on domestic and global stock market events. Get all the current share market news, including US share market updates and the trade set up for today, in one place to make informed investment decisions.
Published Date :
29 Jan 2026
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