Share Market today: There was a sharp decline in the Indian stock market on January 29. In morning trade, Sensex opened with a fall of 250.45 points at 82,094.23 and Nifty opened with a fall of 60.80 points at 25,281.95. Mixed signals from global markets and weakness of the rupee against the dollar impacted investor sentiment. The rupee touched a new record low of 91.99 and traded above 92 in early trade. The previous closing price was 91.79.
Today about 1334 shares opened with gains, 1070 shares fell and 166 shares remained unchanged. L&T, Hindalco, ONGC, Coal India and JSW Steel were among the big gainers on Nifty. Whereas, Maruti Suzuki, Dr. Reddy’s Labs, Titan Company, Asian Paints and Interglobe Aviation remained in the list of losers. Investors were cautious as global cues were mixed and rupee weakness against the US dollar weighed on the sentiment of foreign investors.
keep an eye on stocks
- Rail Vikas Nigam: Rail Vikas Nigam–GPT joint venture made the lowest bid in the Rs 1,201.35 crore project for Northern Railway. The project involves building 11 new rail-cum-road bridges over the Ganga river near Varanasi, in which decks will be built to carry four railway tracks and a six-lane road.
- Wipro: Wipro has partnered with Factory to help implement AI-powered agent-native development in the enterprise. Wipro Ventures has also invested in Factory’s recent funding round.
- Vedanta, Hindustan Zinc: Vedanta exercised options for 1.4 crore additional shares in Hindustan Zinc’s Offer-for-Sale, taking the total offer size to 4.75 crore shares.
- Union Bank of India: Dhirendra Jain has been appointed as the new CFO of the bank. He will take over from February 1, while current CFO Avinash Vasant Prabhu will step down on January 31.
Latest Business News