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Good afternoon readers. The NSE Nifty 50 and BSE Sensex opened higher on Wednesday after it closed near 25,200 in the previous session. The Nifty 50 opened 0.33% higher at 25,258.85 and Sensex opened 0.04% up at 81,892.36. However, minutes after open the markets rose further with Nifty trading above 25,300 levels and Sensex was also trading over 400 points higher.
Robert Kiyosaki, the author of bestselling book 'Rich Dad Poor Dad', has addressed rumours that he offloaded all his silver holdings to buy Bitcoin, calling it false.
“There is a rumour I sold all my silver to buy more Bitcoin. This is not true,” he said.
In a candid post, Kiyosaki revealed he sold portions of his Bitcoin and gold holdings, and not silver, to fund the purchase of his new home.
“I sold some Bitcoin and later some gold to buy my new home. I have not sold any of my silver. I wish I had not sold some gold and some Bitcoin. Selling some gold and Bitcoin was my mistake….a big mistake. Thank God I did not sell my silver,” Kiyosaki wrote.
The shares of Landmark Shares rose over 10.64% to Rs 424.15 apiece on Wednesday, extending gains for the second day. It pared gains to trade 4.60% higher at Rs 401 apiece, as of 12:57 p.m. This compares to a 0.35% advance in the NSE Nifty 50 Index.
It has fallen 23.21% in the last 12 months and 15.06% year-to-date. Total traded volume so far in the day stood at 5.3 times its 30-day average and 6 times its 20-day average. The relative strength index was at 67.18.
Over 1.29 million shares of SAIL were traded via block deal on Wednesday. The share of SAIL rose as much as 1.21% to Rs 157.45 apiece.
IGI MD & CEO Tehmasp Printer on policy support, lab-grown diamonds, and what the sector is hoping to see next this Budget.
Know Your Company | Budget watch for the diamond industry.
— NDTV Profit (@NDTVProfitIndia) January 28, 2026
IGI MD & CEO Tehmasp Printer on policy support, lab-grown diamonds, and what the sector is hoping to see next this #Budget2026. @Sharad9Dubey
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CarTrade Tech Q3 Highlights (Consolidated, YoY)
Over 1.33 million shares of Eternal were traded via block deal on Wednesday. The share of Eternal rose as much as 2.70% to Rs 260.70 apiece.
All oil companies were trading higher on Wednesday as oil prices surged. This comes as oil prices are rebounding from having declined to multi-year lows in December. Crude oil prices have moved to a four-month high, with Brent Crude trading close to the $68 per barrel mark.
Oil India led the decline followed by MRPL.
All footwear stocks gain on Wednesday with Liberty leading the gains with 16.66% rise, followed by Redtap that rose as much as 12.77%.
The shares of Spandana Sphoorty rose over 14.27% to Rs 271 apiece on Wednesday, highest level since Jan. 5. It pared gains to trade 10.50% higher at Rs 262.05 apiece, as of 10:47 a.m. This compares to a 0.41% advance in the NSE Nifty 50 Index.
It has fallen 2.91% in the last 12 months and 15.76% year-to-date. Total traded volume so far in the day stood at 8.39 times its 30-day average. The relative strength index was at 54.04.
The shares of Mahindra Logistic rose over 15% to hit a two-month high of Rs 339.45 per share. The scrip rose as much as 14.91% to Rs 339.45 apiece on Wednesday, highest level since Nov. 18. It pared gains to trade 13.47% higher at Rs 336.65 apiece, as of 10:39 a.m. This compares to a 0.49% advance in the NSE Nifty 50 Index.
It has risen 6.13% in the last 12 months and fallen 5.08% year-to-date. Total traded volume so far in the day stood at 0.07 times its 30-day average. The relative strength index was at 49.63.
Over 2.02 million shares of Kotak Mahindra Bank were traded via block deal on Wednesday. The share of Kotak Mahindra Bank rose as much as 0.69% to Rs 411.50 apiece.
Shares of Shadowfax Technologies fell 6.8% during its debut on stock market.
During the three-day bidding period, the IPO received bids for 24,23,88,360 shares against 8,90,88,807 shares on offer. The Qualified Institutional Buyers led the demand, subscribing 3.81 times their allotted quota. Retail investors booked their segment 2.31 times, while the Non-Institutional Investors' (NIIs) category was subscribed 0.84 times.
Maharashtra Deputy Chief Minister Ajit Pawar passes away in a plane crash at Baramati on Wednesday, DGCA sources told NDTV Profit.
Track all the live updates on the plane accident here.
Over 1.11 million shares of Tata Power were traded via block deal on Wednesday. The share of Tata Power rose as much as 1.93% to Rs 354.45 apiece.
Over 1.03 million shares of JSW Energy were traded via block deal on Wednesday. The share of JSW Energy rose as much as 1.08% to Rs 444.80 apiece.
On NSE, 13 of the 15 sectors were in the green. Nifty Oil and Gas and Nifty Energy lead the gains, while Nifty PSU Bank fell the most.
Broader markets were trading higher, with the NSE Midcap 150 trading 0.80% higher and NSE Smallcap was trading 1.04% higher.
Asian Paints, Tata Consumers, Maruti Suzuki, SBI and Eicher Motors weighed on the Nifty 50 index.
HDFC Bank, RIL, Axis Bank, ICICI Bank and M&M added to the Nifty 50 index.
The NSE Nifty 50 and BSE Sensex opened higher on Wednesday after it closed near 25,200 in the previous session. The Nifty 50 opened 0.33% higher at 25,258.85 and Sensex opened 0.04% up at 81,892.36. However, minutes after open the markets rose further with Nifty trading above 25,300 levels and Sensex was also trading nearly 600 points higher.
Over 1.19 million shares of HDFC Bank were traded in pre-market trading on Wednesday.
At pre-open, the NSE Nifty 50 was trading 83.45 points or 0.33% higher at 25,258.85. The BSE Sensex was up 32.54 points at 81,890.02.
Gold and silver prices dazzled on Wednesday with both precious metals vaulting to uncharted highs, driven by strong investor demand and a global rally amid rising geopolitical and trade tensions. Silver prices continued its remarkable performance, outperforming gold for yet another session in the bullion markets.
Gold and silver prices are expected to stay firm this week as traders brace for the US Supreme Court's hearing on trade tariffs and the Federal Reserve's upcoming interest rate decision, analysts told news agency PTI.
The gold rate in India on Wednesday is Rs 1,58,460 while the silver rate is Rs 3,56,790, according Bullions website.
Shares of Tata Motors Commercial Vehicle Ltd. will be in focus heading into trade on Wednesday after the stock received initiation from UBS. The brokerage firm has initiated coverage with a 'buy' call on the counter, citing a strong India business and an impending 'resurgence'.
UBS believes Tata Motors CV is unfettered and accelerating, backed by a strong domestic business that has shown promising signs. Keeping that in mind, the firm has issued a 'buy' call with a price target of Rs 550, which implies an upside of roughly 24% from Tuesday's closing price of Rs 444.
The demerged Tata Motors CV could benefit from improving trucking volumes in Europe, which in turn could support margin expansion and bolster the company's cash flow.
UBS adds that the commercial vehicle space is a more favourable space than the passenger vehicle or the two-wheeler space. Tata Motors, to that end, has emerged as a strong buy for the brokerage firm.
Dollar Index falls for 5th day near 96 levels, near its four-year low.
Lower numbers are positive for Emerging Markets
Trump’s commentary-stating not concerned with Dollar’s decline
Yen already putting pressure
Economies trying the dollar debasement trade
India-EU Trade deal completion
Rupee strengthened against dollar in last session
RBI interventions continue
Source: Bloomberg
Asian currencies strengthened as the US dollar fell to its weakest level in four years, with investors growing increasingly cautious toward the world's reserve currency amid unpredictable policy signals from Washington. Equity markets in Asia were mixed, with South Korea posting gains while Japan moved lower. Meanwhile, US stock-index futures continued to climb following a Wall Street Journal report that SoftBank is in discussions to inject as much as $30 billion in additional funding into OpenAI, reports Bloomberg.
Good morning readers.
The GIFT Nifty was trading near 25,400 early on Wednesday. The futures contract based on the benchmark Nifty 50 rose 0.16% at 25,458 as of 6:49 a.m. indicating a positive start for the Indian markets.
In the previous session on Tuesday, the benchmark ended in green. The Nifty ended 126.75 points or 0.51% higher at 25,175.40 and Sensex ended 319.78 points or 0.39% higher at 81,857.48.
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