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Indian stock markets opened sharply higher on January 28, with the Sensex rising over 500 points. Strong buying in banking, energy, and IT stocks, along with key corporate announcements, boosted overall investor confidence.
Sensex, Nifty Trade in Green on Strong IT Buying Amid Mixed Global Cues
New Delhi: Indian equity markets witnessed a strong and positive start on January 28, as investor sentiment improved and benchmark indices registered sharp gains despite mixed global cues. The rally reflected renewed optimism among investors, supported by buying interest in heavyweight stocks across banking, energy, IT, and infrastructure sectors.
In early trade, the BSE Sensex jumped 503.32 points to open at 82,360.80, while the NSE Nifty 50 rose by 147.45 points to begin the session at 25,322.85. The broader market sentiment was clearly positive, with a majority of stocks trading in the green. Out of the total traded shares, 1,432 stocks advanced, 709 declined, and 199 remained unchanged, indicating healthy market breadth.
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On the Nifty index, stocks such as Axis Bank, ONGC, Trent, Wipro, and Power Grid Corporation emerged as major contributors to the upward momentum. Buying in banking and energy stocks played a crucial role in lifting the indices. On the flip side, stocks like Asian Paints, Tata Consumer Products, Maruti Suzuki, Eicher Motors, and HCL Technologies faced selling pressure, slightly limiting the overall upside.
Several companies are expected to remain in focus due to important corporate developments:
Infosys
Infosys announced a strategic partnership with Cursor, an AI-powered development platform. As part of this collaboration, the two companies will set up a Center of Excellence (CoE) aimed at helping enterprises accelerate the adoption of AI-driven software engineering agents and develop AI-native products.
Stock Markets Rise, Investors Enthused
Rail Vikas Nigam Ltd (RVNL):
RVNL secured a ₹242.5 crore order from South Central Railway after emerging as the lowest bidder. The project includes overhead equipment (OHE) upgrades, a 2x25kV feeding system, feeder installations, and earthing works in the Ongole–Gudur section of Vijayawada.
LIC
Life Insurance Corporation of India has subscribed to 5.12 lakh debentures of Bajaj Finance, amounting to ₹5,120 crore. The funds will be used by Bajaj Finance for general corporate purposes.
Vedanta and Hindustan Zinc:
Vedanta has approved an offer-for-sale (OFS) of 6.7 crore equity shares of Hindustan Zinc, representing 1.59% of the company’s paid-up equity. The OFS will take place on January 28 and 29, with a floor price set at ₹685 per share. This move is likely to attract investor attention due to its size and pricing.
Reliance Industries:
Reliance has partnered with Japan’s Mitsui OSK Lines and South Korea’s Samsung Heavy Industries to sign shipbuilding contracts for two very large ethane carriers (VLECs). This development highlights Reliance’s expanding footprint in global energy logistics.
Sensex slips from day’s high, Nifty falls below 25,300; Here’s key reasons behind this decline
Overall, the strong opening reflects growing confidence among investors, supported by corporate actions, strategic partnerships, and steady domestic fundamentals. Market participants will continue to track global developments, corporate earnings, and sector-specific cues for further direction.
