Nifty last close: 22957.25 (+0.56%)
The Indian equity market snapped two-day losing streak and gained 0.5 percent on January 28
Supported by auto, realty and financials post RBI announced liquidity-boosting measures
Indian indices opened higher with Nifty around 22,950 and traded in a range in the first half
while extended buying in the second half helped Nifty to cross 23,100
But last hour profit booking erases some of the day’s gain
Finally Nifty was up 128.1 points or 0.56 percent at 22,957.25
Sensex was up 535.24 points or 0.71 percent at 75,901.41
Midcap index shed 0.6 percent, while smallcap index fell 1.7 percent
Among sectors, auto, bank, realty indices rose 1-2 percent
while capital goods, power, metal, oil & gas, FMCG, healthcare and IT down 0.5-1 percent
ITC Hotels to list on NSE, BSE today
The Foreign institutional investors (FIIs) sold equities worth Rs 4,920.69 crore on January 28
on the other hand, domestic institutional bought equities worth Rs 6,814.33 crore
US stocks ended higher on Tuesday
Nvidia and other artificial intelligence-linked technology shares recovering from sharp losses
The Nasdaq jumped 2% and AI chip leader Nvidia rose 8.9%, a day after its 17% drop
Apple, Meta and Microsoft rose 4%
General Motors declined 9% after the weak earnings report
The S&P 500 technology sector rallied 3.6% in its biggest daily percentage gain since July 31
The Dow Jones Industrial Average rose 136.77 points, or 0.31%
Nasdaq Composite gained 391.75 points, or 2.03%
Dollar index sustains around 108
US 10-year yield sustains around 4.54
Gold sustains around $2765/oz
Asian markets were set to positive note
Nikkei up 0.5% and Hangseng shut today
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Updated: 08.48 am / 29th Jan 2025