Sensex, Nifty surge nearly 1% on buying in IT stocks, firm global cues

FIIs offloaded equities worth ₹4,920.69 crore on Tuesday (January 28, 2025), according to exchange data. File
| Photo Credit: PTI

Stock market benchmark indices Sensex and Nifty surged nearly 1% on Wednesday (January 29, 2025), buoyed by a rally in IT, capital goods and industrial stocks amid a firm trend in global markets.

The 30-share BSE benchmark Sensex jumped 631.55 points or 0.83% to settle at 76,532.96. During the day, it jumped 698.32 points or 0.92% to 76,599.73.

The NSE Nifty soared 205.85 points or 0.90% to 23,163.10.

From the 30-share blue-chip pack, Zomato jumped nearly 7%. Tata Motors, Infosys, UltraTech Cement, Tech Mahindra, Mahindra & Mahindra and Bajaj Finance were the other major gainers.

In contrast, ITC Hotels, Bharti Airtel, Maruti, Asian Paints and ITC were among the laggards.

In Asian markets, Seoul and Tokyo settled in the positive territory. Markets in Shanghai and Hong Kong were closed due to holidays.

European markets were trading mostly in the green. U.S. markets ended higher on Tuesday (January 28, 2025).

Foreign Institutional Investors (FIIs) offloaded equities worth ₹4,920.69 crore on Tuesday (January 28, 2025), according to exchange data.

Global oil benchmark Brent crude declined 0.93% to $76.77 a barrel.

On Tuesday (January 28, 2025), the BSE benchmark Sensex climbed 535.24 points or 0.71% to settle at 75,901.41. The Nifty went up by 128.10 points or 0.56% to 22,957.25.