Sensex, Nifty rise in early trade on buying in IT stocks, firm global market trends
The Hindu
Stock market indices Sensex and Nifty rise in early trade, with IT stocks leading gains amid global rally.
Stock market benchmark indices Sensex and Nifty advanced in early trade on Wednesday (January 29, 2025) amid a rally in global peers and buying in IT stocks.
The 30-share BSE benchmark Sensex rose 355.87 points to 76,257.28 in early trade. The NSE Nifty went up by 92.8 points to 23,050.05.
From the 30-share blue-chip pack, Infosys, Zomato, Tata Consultancy Services, Tech Mahindra, HCL Tech, Tata Steel, Tata Motors and Kotak Mahindra Bank were the biggest gainers.
Hindustan Unilever, Nestle, ITC and Asian Paints were among the laggards.
In Asian markets, Seoul and Tokyo were trading in the positive territory. Markets in Shanghai and Hong Kong were closed due to holidays.
U.S. markets ended higher on Tuesday (January 28, 2025).
"The recovery in the market witnessed on Tuesday (January 28, 2025) can continue with resilience in fairly priced financials. However, a sharp rally is unlikely since FIIs will sell at higher levels.
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