Mumbai, India — January 28, 2026
Indian equity markets closed on a positive note on Tuesday after a volatile trading session, supported by strong buying in banking and metal stocks, firm global cues, and optimism surrounding the India–European Union free trade agreement.
📊 Sensex and Nifty End Higher
The BSE Sensex rose 319.78 points or 0.39% to close at 81,857.48, after touching an intraday high of 82,084.92 and a low of 81,088.59.
Meanwhile, the NSE Nifty 50 gained 126.75 points or 0.51% to settle at 25,175.40, reclaiming the key 25,150 level by the end of the session.
The Indian rupee also recovered from record lows, strengthening by 19 paise to close at 91.71 against the US dollar.
🏦 Top Sensex Gainers and Losers
Among the 30 Sensex stocks, Adani Ports, Axis Bank, Tata Steel, Tech Mahindra, NTPC, State Bank of India, UltraTech Cement, and Bharat Electronics emerged as the top gainers.
On the downside, Mahindra & Mahindra, Kotak Mahindra Bank, Asian Paints, Eternal, and ITC ended lower.
📈 Axis Bank Shares Jump Over 4%
Shares of Axis Bank surged more than 4% after the lender reported a 4% year-on-year rise in net profit for the December quarter. The bank posted a profit of ₹7,010.65 crore, compared with ₹6,742.99 crore in the same quarter last year.
🌍 India–EU Free Trade Agreement Boosts Sentiment
Investor sentiment was supported by optimism around the India–European Union Free Trade Agreement (FTA), which was announced on Tuesday. The deal has been described by officials as the “mother of all trade agreements”, coming amid global trade disruptions and tariff-related uncertainties.
Prime Minister Narendra Modi, after summit-level talks with European Commission President Ursula von der Leyen and European Council President Antonio Costa, said India has finalized its largest-ever FTA with the 27-nation European Union.
💬 Market View
Market participants noted that Indian equities traded with caution despite the gains. The finalization of the India–EU bilateral trade agreement provided some support to investor sentiment amid a broader global risk-off environment triggered by US tariff measures.
🌏 Global Markets and Commodities
Asian markets closed higher, with South Korea’s Kospi, Japan’s Nikkei 225, Shanghai Composite, and Hong Kong’s Hang Seng ending in the green. European markets were trading mixed during Indian market hours. US equities closed higher on Monday.
In commodities, Brent crude oil slipped 0.15% to $65.49 per barrel.
💰 FII-DII Activity
According to exchange data, foreign institutional investors (FIIs) sold equities worth ₹4,113.38 crore on Friday, while domestic institutional investors (DIIs) bought shares worth ₹4,102.56 crore.
The stock markets were closed on Monday due to Republic Day. In the previous session on Friday, the Sensex had fallen 769.67 points, while the Nifty had declined 241.25 points.
Indian markets rebounded after a volatile session.
The Sensex climbed 320 points and the Nifty reclaimed 25,150, powered by gains in banking and metal stocks. Optimism around the India–EU FTA helped steady sentiment despite persistent FPI selling and mixed global cues.
