How Did the Sensex and Nifty Continue Their Gains Amid Economic Optimism?
Synopsis
Indian equity markets have shown resilience, extending gains for a third consecutive day. The positive sentiment among investors can be attributed to the favorable outlook presented in the annual Economic Survey, which has set a bullish tone for the future. Discover what this means for the markets and where they might be headed next.
Key Takeaways
Indian equity markets have gained for three consecutive days.
The annual Economic Survey has provided a positive growth outlook.
Projected GDP growth for 2026-27 is between 6.8% and 7.2% .
Nifty closed at 25,418.90 , and Sensex at 82,566.37 .
Support levels for Nifty are at 25,300 and 25,160–25,200 .
Mumbai, Jan 29 (NationPress) The Indian stock markets experienced an upswing for the third consecutive day on Thursday, shaking off initial fluctuations as investor sentiment was buoyed by the release of the annual Economic Survey.
The survey's optimistic forecast regarding economic growth and fiscal discipline aided the markets in recovering from a hesitant opening, ultimately closing in positive territory.
The Economic Survey anticipated India's GDP growth to range between 6.8% and 7.2% for the 2026–27 fiscal year.
Moreover, it indicated that the nation is on course to achieve its fiscal deficit target of 4.4% in FY26, further enhancing investor confidence.
By the end of trading, the Nifty index climbed 0.3%, or 76.15 points, to conclude at 25,418.90. Likewise, the Sensex increased by 0.27%, adding 221.6 points to finish at 82,566.37.
“A sustained breakout above this range could pave the way towards 25,600–25,800 in the near future,” stated an analyst.
“On the downside, 25,300 is the immediate support level, followed by a robust demand zone at 25,160–25,200,” an expert noted.
Gains were primarily driven by stocks in the metal and infrastructure sectors. Companies like Tata Steel, L&T, Axis Bank, Eternal, and NTPC stood out on the Sensex, rising by as much as 4.5%.
Conversely, Asian Paints, IndiGo, Maruti Suzuki, TCS, and BEL were among the biggest underperformers of the session.
The broader market also exhibited strength, with the Nifty Midcap 100 and Nifty Smallcap 100 indices rising by 0.18% and 0.20%, respectively.
In terms of sector performance, the Nifty Metal index was a standout, surging by over 3%.
On the flip side, the Nifty Healthcare index ended as the top loser, alongside declines in Nifty FMCG, Nifty Chemicals, and Nifty Pharma indices.
Experts suggested that the markets were able to maintain their winning streak due to the optimism surrounding India’s growth outlook and fiscal standing, which outweighed early-session volatility concerns.
Meanwhile, the Rupee traded flat to weak at approximately 91.94, down 0.12, as market participants remained cautious ahead of the upcoming Union Budget.
Point of View
It is essential to recognize the significance of the latest Economic Survey and its impact on investor sentiment. The markets have responded positively, reflecting confidence in India's growth trajectory. This optimistic outlook underscores the resilience of our economy amidst global uncertainties, reaffirming our commitment to delivering trustworthy news to our audience.
NationPress
11 May 2026
Frequently Asked Questions
What influenced the recent gains in the Indian stock markets?
The recent gains were primarily influenced by the positive outlook presented in the annual Economic Survey, which projected a strong GDP growth and indicated that India is on track to meet its fiscal deficit targets.
How did the Nifty and Sensex perform on the latest trading day?
On the latest trading day, the Nifty index rose by 0.3%, or 76.15 points, closing at 25,418.90, while the Sensex increased by 0.27%, adding 221.6 points to finish at 82,566.37.
Which sectors saw the strongest performance?
The metal and infrastructure sectors were the strongest performers, with significant gains from companies like Tata Steel and L&T, among others.
What are the immediate support levels for Nifty?
The immediate support for Nifty is at 25,300, with a strong demand zone identified between 25,160 and 25,200.
What is the current status of the Indian Rupee?
As of the latest updates, the Indian Rupee traded flat to weak at approximately 91.94, down 0.12, as market participants remain cautious ahead of the Union Budget.
