Markets trade higher in early trade driven by surge in L&T, rally in U.S. equities

B-68, MUM-030302, MARCH 03, 2008: Mumbai: BSE Sensex showing definite indices successful Mumbai connected Monday. Sensex was down 570 points connected Monday. | Photo Credit: PTI

Benchmark indices Sensex and Nifty rallied successful aboriginal commercialized connected Friday (January 31, 2025) helped by buying successful Larsen & Toubro station its net announcement and a steadfast inclination successful the U.S. markets.

The 30-share BSE benchmark Sensex rallied 188.11 points to 76,947.92 successful aboriginal trade, a time earlier the Union Budget. The NSE Nifty climbed 68.6 points to 23,318.10.

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From the 30-share blue-chip pack, Larsen & Toubro climbed implicit 3% aft the infrastructure and engineering large reported a 14% emergence successful consolidated nett aft taxation to ₹3,359 crore for the December 4th connected the backmost of higher gross from operations.

Titan, Maruti, Adani Ports, Nestle and Power Grid were the different large gainers.

ITC Hotels, Bharti Airtel, Bajaj Finserv and Bajaj Finance were among the laggards.

“The Budget - expectations and actuals - volition power the marketplace contiguous and tomorrow. Since we are going into the Budget without a pre-Budget rally, the probability of a rally, station Budget, volition beryllium precocious if the Budget delivers connected maturation stimulating initiatives similar cuts successful idiosyncratic income tax.

“But it is important to recognize that the interaction of the Budget volition past lone for a fewer days, astatine best. The mean to semipermanent inclination of the marketplace volition beryllium dictated by GDP and net growth,” V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.

In Asian markets, Tokyo traded successful affirmative territory, portion Seoul quoted lower. Markets successful Shanghai and Hong Kong were closed owed to holidays.

U.S. markets ended successful the affirmative portion connected Thursday (January 30, 2025).

Foreign Institutional Investors (FIIs) offloaded equities worthy ₹4,582.95 crore connected Thursday (January 30, 2025), according to speech data.

Global lipid benchmark Brent crude climbed 0.83% to $77.51 a barrel.

The 30-share BSE benchmark precocious 226.85 points oregon 0.30% to settee astatine 76,759.81 connected Thursday (January 30, 2025). The Nifty went up by 86.40 points oregon 0.37% to 23,249.50.

Published - January 31, 2025 11:30 americium IST