Sensex, Nifty See Dramatic Last-Minute Rally; FIIs Return After 15 Sessions
Share Market
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CNBC Awaaz•29-01-2026, 15:40
Sensex, Nifty See Dramatic Last-Minute Rally; FIIs Return After 15 Sessions
- •Indian stock market witnessed a strong recovery on January 29, with Sensex and Nifty reversing intraday declines to close in the green.
- •Nifty, Sensex, and Bank Nifty all recovered over 1% from their day's lows, driven by technical support, FII buying, and sectoral strength.
- •Foreign Institutional Investors (FIIs) turned buyers after 15 sessions, injecting INR 480 crore, while Domestic Institutional Investors (DIIs) bought INR 3360 crore.
- •Metal stocks surged, with the Nifty Metal index rising 1.9% to a record high, fueled by global price increases and a weaker dollar.
- •Experts caution about potential volatility, advising a buy strategy for Nifty between 25300-25250 with a strict stop loss at 25150.
Why It Matters: Indian markets staged a strong recovery, buoyed by FII return and metal sector surge, but volatility may persist.
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