The US Federal Reserve’s decision to pause interest rate hikes helped ease global risk aversion, supporting sentiment across emerging markets, including India. Intraday trade was characterised by frequent swings as participants balanced domestic optimism against global uncertainty. Select energy and oil and gas stocks added to the upward bias, reflecting firm crude-linked margins and stable domestic demand. Improved sentiments across Asian and European markets encouraged investors to accumulate quality stocks after recent consolidation. Overall, Thursday’s close reflected a market that is gradually rebuilding confidence, supported by domestic growth optimism and expectations of policy continuity, even as investors remain alert to global risks and currency movements.

Source: Indian Express January 29, 2026 11:20 UTC