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Sensex Today Ends 222 Points Higher | Nifty Above 25,400 | eClerx Services Up 9%
Thu, 29 Jan Closing

Sensex Today Ends 222 Points Higher | Nifty Above 25,400 | eClerx Services Up 9%Image source: duoogle/www.istockphoto.com

Although the benchmark indices opened lower, they traded volatile throughout the session and ultimately closed green.

Indian equity benchmarks indices, Sensex and Nifty50 closed higher for the third straight session on Thursday, despite bouts of volatility during the early trading hours. However, optimism improved after the annual Economic Survey was released.

At the closing bell, the BSE Sensex  closed higher by 222 points (up 0.3%).

Meanwhile, the NSE Nifty closed 76 points higher (up 0.6%).

Tata Steel, Axis Bank, NTPC among the top gainers today

Asian Paints, Maruti Suzuki, TCS on the hand, were among the top losers today.

The GIFT Nifty was trading at  25,528 higher by 101 points at the time of writing.

The BSE MidCap index ended 1.5% lower and BSE SmallCap index ended 2.2% lower.

Sectoral indices are trading mixed today with stocks metal sector and power sector witnessed buying. Meanwhile, stocks in IT sector and auto sector witnessed selling pressure.

Now track the biggest movers of the stock market using stocks to watch today section. This should help you keep updated with the latest developments...

The rupee is trading at Rs 90 against the US$.

Gold prices for the latest contract on MCX are trading 5% higher at Rs 174,700 per grams.

Meanwhile, silver prices were trading 5% higher at Rs 405,607 per 1 kg.

Speaking of stock markets, Raul Shah, Research Analyst at Equitymaster, shares his views on IndusInd Bank. After admitting to a Rs 2,100 crore treasury loss and cleaning up its microfinance loan book, the IndusInd bank appears to be shifting its focus from aggressive growth to asset quality and stability.

The key question now is whether the improving fundamentals have tilted the risk-to-reward equation in favour of investors, making it a must-watch stock for portfolios.

Watch to know more.

eClerx Services Q3 Results

In the news from IT sector, shares of eClerx Services came into focus after the company reported its Q3 FY26 results.

In Q3, eClerx Services reported a consolidated net profit of Rs 1.92 billion (bn), up 39.7% from Rs 1.37 bn a year ago. Its revenue from operations rose to Rs 10.70 bn from Rs 8.54 bn.

Additionally, the company's board has approved a 1:1 bonus issue, meaning shareholders will receive one free share for every share they currently hold. Bonus shares are issued from a company's reserves or retained earnings and are given to existing shareholders for free.

Companies issue bonus shares to make shares more affordable for retail investors, show financial strength, boost trading activity, and encourage more investor participation.

Balu Forge Joins NATO Defence Supply

Moving on to the news from defence sector, shares of Balu Forge came into focus after the company announced its formal induction into the Nato supply chain for critical defence components.

Balu Forge Industries stated that its selection as a NATO partner is due to its advanced forging technology, which enables the production of components with high precision. By using modern closed-die forging processes, the company ensures that artillery shells and other components meet the strict reliability standards required for contemporary defence systems.

The partnership allows Balu Forge to manufacture and supply high-spec artillery shell bodies and complex forged components to NATO member countries. The company said this move significantly expands its global presence and diversifies its high-margin revenue streams.

Being part of the NATO supply chain provides a long-term growth platform, positioning Balu Forge at the heart of the alliance's industrial modernization efforts, while also delivering sustainable value to shareholders.

 Balu Forge Share Price - 6 Month

Somany Ceramics Q3 FY26 Results

Moving on to the news from ceramic product sector, shares of Somany Ceramics came into focus after the company reported its Q3 FY26 results.

Somany Ceramics' share price rose on Thursday after the company reported strong growth in its Q3FY26 results. The company posted a consolidated net profit of Rs 0.17 bn, up 75.9% from Rs 0.10 bn in Q3FY25.

Consolidated sales increased 5.7% year-on-year to Rs 6.77 bn, compared to Rs 6.40 bn a year ago. EBITDA for the quarter rose 16% to Rs 0.62 bn from Rs 0.53 bn in the same period last year.

The company said better capacity utilization and strict cost control helped improve margins.

However, Somany Ceramics also reported an exceptional loss of Rs 0.16 bn in Q3FY26 due to changes in labour laws.

To know what's moving the Indian stock markets today check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary


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