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Financial Express Kochi

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January 30, 2025

"THE INDIAN MARKET has demonstrated resilience in anticipation of the upcoming Budget, with expectations of measures aimed at stimulating consumption and job creation," said Vinod Nair, head of Research at Geojit Financial Services.

He added that small-and mid-cap stocks experienced a relief rally, while key index valuations are trading at a five-year average, which appear attractive given the strong long-term domestic outlook.

Barring FMCG, all sectoral indices ended in the green. The realty sector led the gains with a 3.10% rise, followed by industrials (up 2.94%), capital goods (up 2.7%), IT (up 2.65%) and commodities (up 2.3%).

The market breadth was positive, with three gainers for every loser (2,978 advances vs 1,011 declines). The broad-based rally added ₹7.75 lakh crore to investors' wealth, pushing the total market capitalisation on the BSE to ₹416.76 lakh crore.

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