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Sensex, Nifty trade near day’s highs
Jan-31-2025

Indian equity benchmarks were trading near their intraday high points in early afternoon session, with both Sensex and Nifty maintaining their gaining rally, aided by positive cues from other Asian markets along with buying at all sectors. Sentiments were upbeat, as the report by domestic rating agency Crisil said that the cumulative recovery rate of security receipts for asset reconstruction companies (ARCs) is set to jump for the second straight year on the back of better show in infrastructure sector and other factors. The cumulative recovery rate of security receipts (SRs) is likely to jump by up to 15 percentage points per annum, touching 75-80 per cent by FY26. 

On the global front, Asian markets were trading mostly in green, as the unemployment rate in Japan came in at a seasonally adjusted 2.4 percent in December. That was beneath expectations for 2.5 percent, which would have been unchanged from November. The jobs-to-applicant ratio was 1.25, in line with forecasts and unchanged from the previous month.

The BSE Sensex is currently trading at 77317.36, up by 557.55 points or 0.73% after trading in a range of 76833.87 and 77326.21. There were 22 stocks advancing against 8 stocks declining, while 1 remained unchanged on the index.

The broader indices were trading in green; the BSE Mid cap index jumped by 1.42%, while Small cap index was up by 1.37%.

The top gaining sectoral indices on the BSE were Capital Goods up by 3.63%, Industrials up by 3.25%, Consumer Durables up by 2.62%, Power up by 2.26% and Realty up by 2.19%, while there were no losing sectoral indices on the BSE. 

The top gainers on the Sensex were Nestle up by 5.91%, Titan up by 4.38%, Indusind Bank up by 4.06%, Larsen & Toubro up by 3.95% and Adani Ports & SEZ up by 2.53%. On the flip side, Bharti Airtel down by 1.37%, Bajaj Finserv down by 1.21%, ICICI Bank down by 0.87%, Bajaj Finance down by 0.36% and Ultratech Cement down by 0.14% were the top losers.

Meanwhile, Union minister Nitin Gadkari has said that the country's National Highways are its national assets and adoption of automated and intelligent machine-aided construction is a step in the right direction. He said automated and intelligent machine-aided construction offers various benefits during the construction of National Highway corridors.

The minister said these include automatic machine-guided construction, repository of digitised construction data that can be used for digital twin applications, real-time documentation, high adherence to design specifications, time efficient and reduces wastage, time-bound construction without compromising quality of construction.

He noted that NHAI is successfully implementing pilot project of AIMC on the Lucknow-Kanpur Expressway, wherein automated and intelligent machines such as GPS-aided motor grader, intelligent compactor and stringless paver have been used. Based on evaluation of efficacy of AIMC demonstrated in this project, along with feedback from the project stakeholders and considering the international guidelines/ specifications, NHAI will undertake adoption of AIMC for the construction of a few more greenfield expressways/ access-controlled corridor projects.

The CNX Nifty is currently trading at 23457.05, up by 207.55 points or 0.89% after trading in a range of 23277.40 and 23462.60. There were 44 stocks advancing against 7 stocks declining on the index.

The top gainers on Nifty were Nestle up by 6.04%, Tata Consumer Products up by 5.70%, Bharat Electronics up by 4.91%, Trent up by 4.48% and Titan up by 4.48%. On the flip side, Bharti Airtel down by 1.38%, Bajaj Finserv down by 1.23%, ICICI Bank down by 1.03%, Bajaj Finance down by 0.36% and Kotak Mahindra Bank down by 0.11% were the top losers.

Asian markets were trading mostly in green; Jakarta Composite gained 84.64 points or 1.18% to 7,158.12, Nikkei 225 surged 58.52 points or 0.15% to 39,572.49 and Straits Times rose 62.61 points or 1.65% to 3,863.68, while Shanghai Composite weakened 0 points or 0% to 3,250.60 and KOSPI dropped 19.43 points or 0.77% to 2,517.37. 
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