Vikrant Shekhawat : Jan 31, 2025, 10:06 AM
Share Market Today: The upward trend in the domestic stock market continued on Friday as well. In the last trading session of the week, the stock market started trading strongly. As soon as the market opened at 9.15 am, the benchmark Sensex of the Bombay Stock Exchange (BSE) rose 170.21 points to reach the level of 76,930.02. Similarly, the Nifty 50 of the National Stock Exchange (NSE) was also trading at 23,307.40 with a jump of 57.09 points. However, Nifty Bank was seen at the level of 49,192.90 with a decline of 119.05 points.Top Gainers and Top LosersIn early trade, stocks like Tata Consumer, Titan Company, Bharat Electronics and Maruti Suzuki saw gains. At the same time, Bharti Airtel, Coal India, NTPC, Adani Enterprises and Bajaj Finserv were in the list of top losers. Stocks like Larsen & Toubro, Tata Consumer, Titan Company, Wipro and Infosys showed strength on the NSE Nifty 50 and rose up to 3.63 per cent in early trade.Talking about the major sectors of the market, IT, Auto, FMCG, Consumer Durables and Pharma indices saw a rise. However, banking and financial services stocks were trading in the red.Investors' eyes on budget sessionThe budget session of the Indian Parliament is starting from January 31. Today the Economic Survey for 2024-25 will be presented, which will be closely watched by investors. The Economic Survey is expected to present a detailed assessment of major economic activities like the country's economic condition, fluctuations in the exchange rate of the rupee and reduction in consumption.Movement in international marketsAsian markets also witnessed fluctuations. According to a Moneycontrol report, the Australian market performed better, while the markets of China, Hong Kong and Taiwan remained closed. In the US markets, S&P 500 and Nasdaq 100 futures rose on Friday. Apple's shares rose after its revenue estimates were better, which also benefited US contracts. At the same time, Nvidia's shares rose on Thursday, but it is heading towards its worst week since September.ConclusionThe stock market is showing signs of growth, but some sectors remain under pressure. The budget session and the movement of global markets can decide the direction of the market in the coming days. Investors are advised to invest with caution and long-term strategy.