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On January 31, 2025, the Indian stock market experienced a notable surge. The Sensex soared nearly 500 points to 77,284.17, while the Nifty crossed the 23,400 mark to settle at 23,444.55. Strong buying across sectors like consumer durables, auto, and realty drove this rise. Investors were optimistic ahead of the Union Budget 2025, anticipating growth-oriented measures such as tax reliefs and increased capital expenditure.
The broader market also gained momentum. The BSE Midcap and NSE Smallcap indices rose over 1% each. Construction, auto, FMCG, and IT sectors powered the Nifty 50’s gains. Despite the recent rally, both Nifty and Sensex are down 1.2% in January, facing their longest monthly losing streak in 23 years.
Analysts believe that a post-Budget rally is likely if the Budget delivers growth-stimulating initiatives. However, they caution that the medium to long-term market trend will depend on GDP and earnings growth.
