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Sugar Stocks Rally, Triveni Turbines Wins NTPC Order, RailTel Rebounds on New Deal
Sugar Stocks Rally, Triveni Turbines Wins NTPC Order, RailTel Rebounds on New Deal
Written by - Fisdom Research
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January 29, 2025
2 minutes
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Market Snapshot
The Indian benchmark indices extended their gaining momentum for the second consecutive session on January 29.
Nifty surged past 23,150, supported by broad-based buying across sectors, except for FMCG.
Strong global cues fueled the rally as investors awaited the US Federal Reserve’s rate decision later tonight..
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY REALTY
2.2
NIFTY PHARMA
1.8
NIFTY IT
1.9
NIFTY HEALTHCARE INDEX
1.7
NIFTY MEDIA
1.7
NIFTY AUTO
1.5
NIFTY METAL
1.7
NIFTY CONSUMER DURABLES
1.4
Top News
Sugar stocks like Balrampur Chini, Dhampur Sugar, and Shree Renuka Sugars surged up to 9% after the Cabinet approved an ethanol price hike.
Triveni Turbines gained 3% after securing a ₹290 crore order from NTPC for a 160 MWh energy storage system at its Kudgi Super Thermal Power Plant.
RailTel Corporation rebounded 4% after a weak Q3 performance, supported by a ₹17 crore IT infrastructure order from Navodaya Vidyalaya Samiti.
Shreeji Shipping Global files draft papers with Sebi to raise funds via IPO
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
23,000
23,350
Bank Nifty
48,500
49,350
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
SHRIRAMFIN
4.0
ITCHOTELS
-3.5
BEL
3.7
MARUTI
-1.4
TATAMOTORS
3.7
ASIANPAINT
-0.8
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