The trends on Gift Nifty also indicate a mildly positive start for the Indian benchmark index. The Gift Nifty was trading around 23,438 level, a premium of nearly 20 points from the Nifty futures’ previous close.

The positive performance of the Indian stock was driven by strong profitability growth, rapid traction of digital financial infra, expanding investor base and substantial reforms in products and processes,

Nifty is encountering resistance around its 20-day EMA at 23,300, and a decisive close above this level is crucial for more gains or else the index may face renewed pressure and again inch toward the 23,

Indian equity benchmarks, the Sensex and Nifty, opened slightly higher ahead of the Economic Survey 2025 and in line with gains in global markets on Friday. Investor optimism is building as attention shifts to potential catalysts in the upcoming Union Budget.

Indian equity benchmarks, Sensex and Nifty 50 opened marginally higher ahead of the Economic Survey 2025, and tracking gains in global markets. Optimism is also brewing as investors look for potential catalysts in the upcoming Union Budget. Construction, IT, and auto stocks steered the rally, while financials and metals weighed on the benchmarks.

The stock market opened in the red as trading began on Thursday, January 30, 2025, with consumer durables, auto, and IT stocks falling the most. At 9:20 am IST, the benchmark BSE Sensex was down by 75.