Mid and small-cap indices outshine benchmarks as market momentum builds ahead of Union Budget and Economic Survey presentation.
January 31, 2025: The Indian stock markets witnessed a strong rally on Friday, with benchmark indices Sensex and Nifty 50 ending the session with over 1% gains. The positive momentum came amid optimism around the Economic Survey 2025, tabled in Parliament today, and expectations from the upcoming Union Budget 2025.
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The Sensex surged by 741 points (0.97%) to close at 77,500.57, while the Nifty 50 climbed 258.90 points (1.11%), settling at 23,508.40.
Key Highlights:
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- Economic Survey Insights:
The Economic Survey 2025 emphasized robust resource mobilization from primary markets, with a 5% increase to ₹11.1 lakh crore from April to December 2024. IPO activity surged by 32.1%, raising ₹1.54 lakh crore. - Market Movers:
- Top Gainers:
L&T (5%), Navin Fluorine, Waaree Energies (12% surge post 260% YoY profit growth). - Top Losers:
ONGC, PNB, and ITC Hotels faced slight declines.
- Top Gainers:
- Mid and Small-Cap Outperformance:
The Nifty Mid-cap Index gained 1.89%, and the Nifty Small-cap Index rose 1.87%, outperforming the broader market. - Sectoral Trends:
- Gains were led by Financial Services, IT, and Capital Goods.
- The FMCG and Auto sectors saw subdued performance due to mixed earnings reports.
- Volatility Watch:
The India VIX fell slightly, reflecting reduced volatility ahead of the weekend.
Outlook and Concerns:
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The Economic Survey flagged potential risks, including elevated valuations in global markets and the vulnerability of inexperienced retail investors to a significant market correction. With the Union Budget scheduled for February 1, 2025, all eyes remain on key announcements that could influence market sentiment further.
Tags:
Sensex Today, Nifty Updates, Economic Survey 2025, Union Budget 2025, Stock Market Rally, Mid-Cap Outperformance, IPO Market Trends