Indian Stock Market on 29.01.25

Indian equities bounced back on January 29, with the Nifty 50 climbing 0.9% to close at 22,957.25. The index swung between 22,976.5 and 23,183.35 during the session. The Sensex followed suit, gaining 0.83% to end at 75,901.41—up 631.55 points from its opening level. Midcaps outperformed, with the Nifty Midcap 50 surging 2.3%, while the Nifty Small Cap 100 soared 3.32%. Despite today’s rebound, Indian stocks have struggled in 2025. The Nifty 50 remains nearly 12% below its September peak, while the Nifty Next 50 has slumped 10.4% this month, marking its steepest drop since the March 2020 crash. With high valuations and slowing earnings growth weighing on sentiment, investors are reassessing their risk appetite. The index has tumbled 22% from its record high, currently trading at 60,912. In global markets, Asian equities took cues from Wall Street’s overnight tech rebound. Japan’s Nikkei rose 0.5%, while Australia’s ASX 200 climbed 0.9%, buoyed by softer inflation data that boosted hopes of a rate cut next month. However, traders remain cautious ahead of major earnings releases from Meta, Microsoft, Tesla, and Apple, as well as key central bank decisions from the Fed and ECB. Commodity markets also saw movement. Gold prices dipped, with 24-carat gold falling ₹320 to ₹8,209.3 per gram, while 22-carat gold dropped ₹300 to ₹7,526.3 per gram. Silver remained flat at ₹99,500 per kg. Oil prices declined as U.S. crude inventories rose more than expected. Brent crude slipped 0.6% to $77.06 per barrel, while WTI crude fell 0.9% to $73.13. Analysts warn of continued volatility as markets digest geopolitical risks, tariff concerns, and supply-demand dynamics. Meanwhile, Wall Street rebounded sharply after tech sell-off. The Nasdaq Composite jumped 2%, while the S&P 500 and Dow Jones gained 0.9% and 0.3%, respectively. Investors are closely watching how Big Tech earnings and global economic signals shape the next market move.