Indian equity markets extended their winning streak on Wednesday, 28 January 2026, with benchmark indices closing firmly in positive territory. Supported by strong buying in defence, energy, metals and broader markets, the Nifty 50 settled at 25,342.75, up 167.35 points (0.66%). The session reflected improving risk appetite and strong participation in mid- and small-cap counters.
Nifty 50 Closing Snapshot: Bulls in Control
The index opened at 25,258.85, moved to an intraday high of 25,372.10, and touched a low of 25,187.65, indicating steady upward momentum throughout the session.
Broader indices outperformed the frontline benchmark:
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Nifty Next 50: 68,205.65 (+2.26%)
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Nifty Financial Services: 27,335.20 (+1.02%) -
Nifty Bank: 59,598.80 (+0.66%)
Nifty Financial Services: 27,335.20 (+1.02%)The strong performance of the Nifty Next 50 highlights broad-based buying beyond large-cap stocks.
Top Gainers: BEL, ONGC and PSU Stocks Surge
Public sector and cyclical stocks dominated the gainers’ list, driven by strong volumes and investor interest:
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Bharat Electronics (BEL) jumped 9.21% to ₹454.25, emerging as the top gainer of the session.
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ONGC surged 8.18% to ₹268.23, supported by strength in energy counters.
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Coal India rose 5.27% to ₹445.20, extending gains in PSU stocks.
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Eternal gained 5.06% to ₹266.70 on heavy volumes.
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Hindalco advanced 4.28% to ₹1,003.00, tracking positive momentum in metal stocks.
Coal India rose 5.27% to ₹445.20, extending gains in PSU stocks.The rally in defence, energy and metals provided strong support to the broader market.
Top Losers: FMCG and Auto Stocks Under Pressure
Despite the overall positive trend, select heavyweights witnessed profit-booking:
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Tata Consumer Products declined 4.55% to ₹1,133.40, emerging as the top laggard.
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Asian Paints slipped 4.22% to ₹2,512.00 amid weakness in consumption-related stocks.
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Maruti Suzuki fell 2.39% to ₹14,880.00, indicating continued pressure in auto counters.
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Sun Pharma eased 1.89% to ₹1,608.00.
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Max Healthcare lost 1.59% to ₹960.00.
Maruti Suzuki fell 2.39% to ₹14,880.00, indicating continued pressure in auto counters.Losses in FMCG, auto, and healthcare stocks limited sharper upside in the benchmark.
Market Mood: Broad-Based Participation Strengthens Sentiment
Market participants pointed to improving breadth as a key positive, with strong traction in PSU stocks, metals, defence and mid-cap names. The sharp outperformance of the Nifty Next 50 (+2.26%) suggests growing confidence beyond large caps, often seen as a constructive sign for the near-term market outlook.
Conclusion: 28 January 2026
The Nifty 50’s close above 25,340 reinforces the bullish undertone in Indian equities. Leadership from stocks like BEL, ONGC, Coal India, and Hindalco reflects strong sectoral rotation toward PSUs and cyclical plays. However, continued weakness in FMCG and auto majors such as Tata Consumer, Asian Paints and Maruti suggests the rally remains selective. Going ahead, global cues and earnings momentum are likely to shape the market’s next move.
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