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Informist, Wednesday, Jan. 28, 2026

 

By Eshitva Prakash

 

MUMBAI – Benchmark indices extended gains on Wednesday amid hopes of India diversifying its global trade market after the India-European Union free trade agreement was concluded on Tuesday. Despite the deal being dubbed the "mother of all deals" by officials, the India-EU trade agreement has not led to an all-out buying spree in the equity market, as the final document may take some time to materialise.

 

While the trade agreement is expected to help reduce the impact of the US tariffs on India, benefits from this deal are expected to pour in after at least one year, which is why the market hasn't seen bigger gains, analysts said. Investors may take larger bets based on this development once the Union Budget is announced on Feb. 1, analysts said.

 

"So, that's (India-EU FTA) is a very positive thing now", Vinit Bolinjkar, head of research, Ventura Securities, said. "And it's going to de-risk the US trade. So, we think that is going to be a very big positive for the markets," he said. However, the depreciation of the rupee, which is expected to continue until the US-India trade deal is signed, is limiting higher participation of foreign portfolio investors in the Indian equity market, Bolinjkar said.

 

"For India, labour-intensive export sectors like textiles, leather products, gems and jewellery, and processed marine foods will gain significantly from higher exports," VK Vijayakumar, chief investment strategist at Geojit Financial Services, said.

 

The Nifty 50 ended at 25342.75 points, up 167.35 points or 0.7%. The BSE Sensex closed at 82344.68 points, up 487.20 points or 0.6%. Though Nifty 50 saw profit booking after opening higher, it managed to end above 25300 levels on buying in the final hour of trading. In two days, benchmark indices have gained more than 1%.  

 

The rise in Nifty 50 was primarily supported by public sector companies and select private banks. Shares of Bharat Electronics closed nearly 9% higher after the company's net profit and revenue for the December quarter grew more than 20% on year, both beating analysts' expectations. Meanwhile, a 1?ll in Infosys limited the gains for the 50-stock index. 

 

Upstream oil and gas companies' shares closed higher after crude oil futures surged 3% Tuesday. However, crude oil prices eased slightly on Wednesday, with the March Brent crude futures contract closing 0.4% lower at 67.18 per barrel on the Intercontinental Exchange. Energy and oil companies also got a boost after Prime Minister Narendra Modi said India aims to raise investments in the oil and gas sector to $100 billion by 2030. 

 

"The new investment plan is necessary for a growing economy," Sumit Pokharna, vice-president of fundamental research at Kotak Securities, said. "India is a growing economy and needs to reduce dependence on other countries for hydrocarbons, and since we don't have a lot of hydrocarbon reserves ourselves, the next best way of doing that is to build our own refining capacity," Pokharna said. Oil and Natural Gas Corp. ended over 8% higher, Oil India ended with more than 9% gains, and Reliance Industries closed the session over 1% higher.

 

Shares of Asian Paints ended over 4% lower after the company reported a 5% on year fall in its consolidated net profit for the December quarter, while its consolidated revenue rose just 4% on year, missing Street's expectations on both parameters. Shares of Tata Consumer Products ended nearly 5% lower after its net profit fell short of Street expectations. 

 

Maruti Suzuki India's shares ended over 2% lower after the company's December quarter net profit and revenue failed to meet analysts' estimates. The company's net profit rose nearly 4% on year to INR 37.94 billion and revenue rose 29% to INR 498.92 billion. Shares of SBI Life Insurance Co. ended nearly 1% higher after its net profit and premium income rose on year.

 

Defence companies were big gainers on Wednesday's trade. Shares of Data Patterns (India), BEML, and Solar Industries India closed 9-14% higher. The Nifty India Defence index ended 7% higher.

 

The broader market indices outpaced the gains in the benchmark indices, with small- and mid-cap indices ending around 2% higher.

 

* Of the Nifty 50 stocks, 32 rose, 17 fell, and 1 was unchanged

* Of the Sensex stocks, 22 rose and 8 fell

* On the NSE, 2,452 stocks rose, 739 fell, and 93 were unchanged

* On the BSE, 2,920 stocks rose, 1,315 fell, and 138 were unchanged

* Nifty Defence: up 7.0; Nifty Energy: up 4.2%; Nifty FMCG: down 0.7%

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BSE                                                 NSE

Sensex: 82344.68, up 487.20 points or 0.6%         Nifty 50: 25342.75, up 167.35 points or 0.7%

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S&P BSE Sensitive Index	Nifty 50
Lifetime High: 86159.02 (Dec. 1, 2025)	: Lifetime High: 26373.20 (Jan. 5, 2026)
Record Close High: 85836.12 (Sept. 26, 2024)	: Record Close High: 26328.55 (Jan. 2, 2026)
2026 1st day close: 85188.60 (Jan. 1)	: 2026 1st day close: 26146.55 (Jan. 1)
2026 Closing High: 85762.01 (Jan. 2)	: 2026 Closing High: 26328.55 (Jan. 2)
2026 Closing Low: 81537.70 (Jan. 23)	: 2026 Closing Low: 25048.65 (Jan. 23)
2026 High (intraday): 85883.50 (Jan. 5)	: 2026 High (intraday): 26373.20 (Jan. 5)
2026 Low (intraday): 81124.45 (Jan. 21)	: 2026 Low (intraday): 24919.80 (Jan. 21)
2025 1st day close: 78507.41 (Jan. 1)	: 2025 1st day close: 23742.90 (Jan. 1)
2025 Closing High: 85720.38 (Nov. 27)	: 2025 Closing High: 26215.55 (Nov. 27)
2025 Closing Low: 72989.93 (Mar. 4)	: 2025 Closing Low: 22082.65 (Mar. 4)
2025 High (intraday): 86159.02 (Dec. 1)	: 2025 High (intraday): 26325.80 (Dec.1)
2025 Low (intraday): 71425.01 (Apr. 7)	: 2025 Low (intraday): 21743.65 (Apr. 7)
2024 1st day close: 72271.94 (Jan. 1)	: 2024 1st day close: 21741.90 (Jan. 1)
2024 Closing High: 85836.12 (Sept. 26)	: 2024 Closing High: 26216.05 (Sept. 26)
2024 Closing Low: 70370.55 (Jan. 23)	: 2024 Closing Low: 21238.80 (Jan. 23)
2024 High (intraday): 85978.25 (Sep. 27)	: 2024 High (intraday): 26277.35 (Sept. 27)
2024 Low (intraday): 70001.60 (Jan. 24)	: 2024 Low (intraday): 21137.20 (Jan. 24)
2023 1st day close: 61167.79 (Jan. 2)	: 2023 1st day close: 18197.45 (Jan. 2)
2023 Closing High: 72410.38 (Dec. 28)	: 2023 Closing High: 21778.70 (Dec. 28)
2023 Closing Low: 59288.35 (Feb. 27)	: 2023 Closing Low: 17311.80 (Oct. 17)
2023 High (intraday): 72484.34 (Dec. 28)	: 2023 High (intraday): 21801.45 (Dec. 28)
2023 Low (intraday): 58699.20 (Jan. 30)	: 2023 Low (intraday): 17098.55 (Jan. 17)
2022 1st day close: 59183.22 (Jan. 3)	: 2022 1st day close: 17625.70 (Jan. 3)
2022 Closing High: 63284.19 (Dec. 1)	: 2022 Closing High: 18812.50 (Dec. 1)
2022 Closing Low: 51360.42 (Jun. 17)	: 2022 Closing Low: 15293.50 (Jun. 17)
2022 High (intraday): 63583.07 (Dec. 1)	: 2022 High (intraday): 18887.60 (Dec. 1)
2022 Low (intraday): 50921.22 (Jun. 17)	: 2022 Low (intraday): 15183.40 (Jun. 17)
2021 Closing High: 61305.95 (Oct. 14)	: 2021 Closing High: 18338.55 (Oct. 14)
2021 Closing Low: 46285.77 (Jan. 29)	: 2021 Closing Low: 13634.60 (Jan. 29)
2021 High (intraday): 61353.25 (Oct. 14)	: 2021 High (intraday): 18350.75 (Oct. 14)
2021 Low (intraday): 46160.46 (Jan. 29)	: 2021 Low (intraday): 13596.75 (Jan. 29)
2020 Closing High: 47751.33 (Dec. 31)	: 2020 Closing High: 13981.95 (Dec. 30)
2020 Closing Low: 25981.24 (Mar. 23)	: 2020 Closing Low: 7610.25 (Mar. 23)
2020 High (intraday): 47896.97 (Dec. 31)	: 2020 High (intraday): 14024.85 (Dec. 31)
2020 Low (intraday): 25638.90 (Mar. 24)	: 2020 Low (intraday): 7511.10 (Mar. 24)
2019 High (intraday): 41809.96 (Dec. 20)	: 2019 High (intraday): 12293.90 (Dec. 20)
2019 Low (intraday): 35287.16 (Feb. 19)	: 2019 Low (intraday): 10583.65 (Jan. 29)
2018 High (intraday): 38938.91(Aug. 28))	: 2018 High(intraday): 11760.20 (Aug. 28)
2018 Low (intraday): 32483.8 (Mar. 23)	: 2018 Low (intraday): 9951.9 (Mar. 23)
2017 High (intraday): 34005.37 (Dec. 26)	: 2017 High(intraday): 10515.10 (Dec. 26)

 

End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Saji George Titus

 

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