Markets erase all the losses; NIFTY50 & SENSEX closed in green with 0.3% gains; Metal stocks shine

The Indian benchmark indices closed in green across the board amid high volatility. The NIFTY50 closed 76 points higher at 25,418, and the SENSEX jumped 221 points at 82,566. The gains were largely driven by the 2025-26 economic survey, which projected the Indian economy to grow by 6.8% - 7.2% in FY27.

The Economic Survey highlighted that India has achieved a sharp and sustained moderation in inflation, with price pressures now “tamed and anchored” amid easing global commodity prices, favourable agricultural conditions and effective monetary and fiscal interventions.

Further, India’s chief economic advisor V. Anantha Nageswaran has noted that the economy retains momentum, and growth is likely to be sustained into FY27. Besides, sentiments were upbeat as foreign institutional investors (FIIs) turned net buyers on Wednesday’s session after days of relentless selling. The FIIs bought equities worth ₹480.26 crore on Wednesday.

The NIFTY50 closed at 25418.00, up by 76 points or 0.42% after trading in a range of 25159.80 and 25454.70. 25 stocks advanced against 25 stocks that declined on the index.

The top gainers on NIFTY50 were Tata Steel (+4.4%), L&T (+3.8%), Axis Bank (+3.4%), Tata Motors Passenger Vehicle(+3.3%), and NTPC(+3.0%). On the flip side, Asian Paints(-3.8%), Interglobe Aviation (-2.7%), SBI Life (-2.6%), Maruti Suzuki (-2.6%) and Tata Consumer (-2.5%) were the top losers.

At the sectoral level, the NIFTY metals (+3%), Private Bank (+1.0%), Oil & Gas (+0.7%) were the top three gainers. On the other hand, NIFTY Healthcare (-0.96%), FMCG (-0.91%), and Chemicals (-0.88%) were the top three losers on Thursday.

European markets were trading mostly in green, as the U.S. Federal Reserve kept its policy rate unchanged, as widely expected, after cutting it at three consecutive meetings during the final months of last year. Asian equity markets ended mostly in green, as Japan's consumer sentiment improved in January to the highest level in nearly two years. The seasonally adjusted consumer confidence index rose to 37.9 in January from 37.2 in December.