Market News
SENSEX up 322 pts, NIFTY50 above 25,200 in noon deals; Vi, ONGC, Asian Paints among buzzing stocks
5 min read | Updated on January 28, 2026, 12:51 IST
SUMMARY
Vedanta shares gained as much as 5.02% to hit a record high of ₹740.9 apiece, as it said it would sell up to a 1.59% stake in its subsidiary Hindustan Zinc via offer for sale (OFS), which runs for two days.
The SENSEX advanced as much as 646.49 points to an intraday high of 82,503.97 on Wednesday, January 28. | Image: Shutterstock
The Indian benchmark indices, SENSEX and NIFTY50, continued trading in positive territory in afternoon deals on Wednesday, January 28, amid positive cues from Asian markets and buying in defence and CPSE stocks.
The SENSEX advanced as much as 646.49 points to an intraday high of 82,503.97, while the NIFTY50 touched the session’s high of 25,372.10.
At 12:28 PM, the S&P BSE SENSEX jumped by 321.66 points, or 0.39%, to 82,179.14. NSE’s NIFTY50 was trading at 25,284.70, reflecting a 109.30 points, or 0.43% increase.
On Tuesday, the foreign institutional investors (FIIs) sold stocks worth ₹3,068.49 crore, while the domestic institutional investors (DIIs) purchased equities worth ₹8,999.71 crore on a net basis, according to exchange data.
The top gainers of the NIFTY50 index included Oil & Natural Gas Corporation (7.80%), Hindalco Industries (4.13%), Bharat Electronics (4.09%), Coal India (4.06%) and Eternal (3.62%).
On the flipside, Tata Consumer Products (-5.86%), Asian Paints (-4.27%), Eicher Motors (-3.19%), Maruti Suzuki India (-1.95%) and Hindustan Unilever (-1.70%) were among the top losers.
Buzzing stocks on January 28: Check list
ONGC shares surged as much as 7.36% to hit a fresh 52-week high of ₹266.20 on Wednesday, January 28, on the National Stock Exchange (NSE).
"Oil and Natural Gas Corporation Limited (ONGC), through its joint venture companies with M/s Mitsui O.S.K. Lines Limited (MOL), Japan, has entered into Ship Building Contracts (SBCs) with M/s Samsung Heavy Industries, South Korea, for the construction of two state-of-the-art Very Large Ethane Carriers (VLECs) on 27 January 2026. The fast-tracked conclusion of these SBCs reflects strong trilateral cooperation and industrial partnership among India, Japan and South Korea," ONGC said in a press release.
The bottom-line growth fell on account of exceptional items, such as the implementation of the new labour code and impairment of loss in a subsidiary.
The company had logged a net profit of ₹1,128.43 crore during the October-December period a year ago, according to a regulatory filing by Asian Paints.
Its revenue from operations rose 3.71% to ₹8,867.02 crore in the December quarter of FY26 from ₹8,549.44 crore in the corresponding period a year ago.
The Tata Group firm saw a 15% annual growth in its revenue from operations to ₹5,112 crore during the quarter under review. It had clocked a revenue of ₹4,444 crore in Q3FY25.
The stock of logistics solutions provider Shadowfax Technologies Ltd started trading at ₹112.60 per equity share on the NSE. This reflects a discount of 9.19% against the issue price of ₹124.
Shares of Vodafone Idea (Vi) gained as much as 2.54% to the session’s peak of ₹10.08 apiece, after the company announced its Q3FY26 earnings on Tuesday overnight.
Vi said its user revenue or ARPU (average revenue per user) rose 7.3% year-on-year to ₹186 in the reported quarter from ₹173 in the quarter ended December 2024, mainly due to customer upgrades.
Under the agreement, ABB India will support the design, manufacture, supply, testing, installation supervision and commissioning of propulsion systems, along with the transfer of technology for the train control and monitoring system (TCMS) for 25 kV AC metro applications, Titagarh Rail informed the bourses.
The framework also provides for a gradual transfer of manufacturing and co-production of converters and traction motors, it said.
Titagarh Rail has already secured a contract to supply 240 coaches – 132 cars for Line 5 and 108 cars for Line 6 of the Mumbai Metropolitan Region Development Authority (MMRDA) metro projects.
Hindustan Zinc shares, on the other hand, were trading 3.04% lower at the session’s low of ₹705.10 on the NSE.
In its filing to stock exchanges last evening, Vedanta said that the company’s board has approved the sale of up to 67,000,000 equity shares of Hindustan Zinc Limited (HZL), representing 1.59% of HZL’s issued and paid-up equity share capital, through an offer for sale (OFS).
The floor price for the offer has been set at ₹685 per share. This is a 6% discount to the last traded price on the NSE.
About The Author
Next Story
