Liquide Market Summary 29th January 2026

Indian Stock Market Today: Indian benchmark indices staged a strong rebound from intraday lows on January 29, closing higher for the third consecutive day, following the Economic Survey’s projection of a 6.8–7.2% GDP growth for FY27. For more insights on the Economic Survey, check out 5 Must-See Highlights from India’s 2026 Report Card.

After a flat start, the market traded in the negative zone during the first half, but a surge in buying activity during the latter half helped recover losses, bringing indices close to the day's highs. Among broader indices, the Nifty Midcap and Smallcap indices ended ~0.2% higher

NIFTY: The index opened flat at 25,345, reached a high of 25,458.15 and closed at 25,418.90. Nifty formed a bullish candle with a long lower and a minor upper shadow, indicating strong buying interest at lower levels. Its immediate resistance level is now placed at 25,500 while immediate support is at 25,330.

BANK NIFTY: The index opened 182.55 points lower at 59,416.25, reached a high of 60,060.70 and closed at 59,957.85. Bank Nifty formed a bullish candle on the daily timeframe amid robust volumes. Its immediate resistance level is now placed at 60,100 while immediate support is around 59,700.

Stocks in News

• Gland Pharma: Stock surged 6.5% after the company reported a 28% jump in Q3 profit, reaching ₹261.5 crore, while revenue rose by 23% YoY to ₹1,695.4 crore.
• eClerx Services: Stock gained nearly 6% following a 40% increase in Q3 profit, which rose to ₹191.8 crore, with revenue climbing 25% YoY to ₹1,070.3 crore.
• ASK Automotive: Stock rose over 3% after the company’s Q3 profit grew by 21% to ₹79.9 crore, while revenue increased by 19% YoY to ₹1,084.2 crore.

Other News

• Asian equities displayed mixed performance, as investors remained cautious, awaiting broader economic triggers. This led to sideways trading rather than strong directional trends.
• European equities rebounded on Thursday, buoyed by a surge in the prices of oil and precious metals, which helped cushion the impact of earnings-related concerns.
• Brent oil futures surged to a four-month high on Thursday, driven by rising concerns over the potential impact of a possible U.S. military strike on Iran, OPEC’s fourth-largest producer, which produces 3.2 million barrels per day.
• Gold reached a new record high near the $5,600 per ounce mark on Thursday, as investors sought safe haven from escalating geopolitical tensions and weakening economic signals from the United States.

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