India’s benchmark indices BSE Sensex and NSE Nifty closed higher for the second straight session on January 28, 2026, with Sensex gaining 487 points to end at 82,344.68 amid broad rallies in metals, oil & gas, and defence stocks.
Closing Snapshot: Nifty Tops 25,300 Mark
BSE Sensex surged 487.20 points (0.60%) to 82,344.68, hitting an intraday high of 82,504. Nifty 50 rose 167.35 points (0.66%) to 25,342.75, comfortably above the key 25,300 level. Market cap added ₹3 lakh crore to ₹439 lakh crore.
2844 advances outnumbered 1226 declines, with 120 unchanged. GIFT Nifty hinted at a firm open earlier.
Star Performers: BEL Zooms 9%, ONGC 8%
Defence heavyweight Bharat Electronics Ltd (BEL) stole the show, soaring 9.04% to ₹454 amid order wins and sector buzz. ONGC rallied 8% on oil price upticks and PSU strength.
Nifty gainers: Eternal (+5.23%), Coal India, Hindalco; Sensex pack included Bajaj Finance (+2.28%), Power Grid (+1.97%), Trent (+1.82%), M&M (+1.79%). Axis Bank, SBI, Tata Steel hit 52-week highs.
Losers: Tata Consumer, Asian Paints, Maruti Suzuki, Max Healthcare, Sun Pharma.
Sectoral Surge: Defence, Metals, Oil Lead
Nifty Defence topped with ~7% gains, Nifty CPSE +5%; Oil & Gas +4%, Metals +2-4%, Realty/PSU Bank +1-2%. Midcap (+1.6%), Smallcap (+2.2%) outperformed.
FMCG, Pharma, Consumer Durables lagged.
| Sector | % Change | Key Driver |
|---|---|---|
| Defence | +7% | BEL order pipeline |
| CPSE | +5% | ONGC, Coal India |
| Oil & Gas | +4% | Global crude rally |
| Metals | +2-4% | China stimulus hopes |
| FMCG/Pharma | -1% | Weak demand cues |
Rally Catalysts: India-EU Trade Deal, Global Cues
Optimism stemmed from the landmark India-EU trade agreement, easing export worries and boosting metals/oil sentiment. US markets mixed, Asia positive; rupee at ₹91.57 (+11p).
FIIs bought ₹1,200 cr, DIIs ₹800 cr; VIX eased to 13.5. Q3 earnings optimism and RBI’s growth outlook added tailwinds.
Outlook: Bullish Momentum Ahead?
Experts eye Nifty 25,500 resistance, support at 25,100; focus on IT, banks post-rally. Holiday-shortened week ends strong, setting tone for Budget 2026 buildup.
Market breadth: Broad gains signal sustained uptrend amid global volatility.
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