Indices Surge Over 1%, Oil & Gas Leads Sector Rally

29 Jan 2024 , 03:45 PM

Indian benchmark indices witnessed positive momentum on January 29, with the Nifty closing around 21,750. The market performance for the day showcased a strong upward trend.

At the closing bell, the Sensex recorded a notable gain of 1,240.90 points or 1.76%, reaching 71,941.57. Similarly, the Nifty saw an upward movement of 385.00 points or 1.80%, settling at 21,737.60. The market breadth reflected positive sentiment, with 1,963 shares advancing, 1,393 shares declining, and 95 shares remaining unchanged.

Key gainers on the Nifty included ONGC, Reliance Industries, Adani Enterprises, Coal India, and Adani Ports. On the flip side, notable losers included Cipla, ITC, LTIMindtree, Bajaj Auto, and Infosys.

In terms of sectors, the oil & gas index surged by 5%, the Power index rose by 3%, and the Capital Goods index saw a gain of 2%.

The BSE Midcap index witnessed a rise of 1.7%, while the Smallcap index added 1%.