Indian Stock Markets Rebound After Economic Survey Boost

Indian stock markets rebounded sharply on January 29 after an initial fall, returning to the green. The Sensex surged nearly 850 points from its intraday low, while Nifty once again crossed the 25,400 mark. The recovery was driven by returning foreign investors and optimism from the Economic Survey regarding the completion of a trade deal with the United States, restoring investor confidence.

Around 1:55 PM, BSE Sensex was trading at 82,562.21, up 217.53 points or 0.26%. Nifty recorded a modest gain of 75.85 points or 0.3%, trading at 25,418.60. Earlier in the session, Sensex had fallen to a low of 81,707 and Nifty touched 25,238.

The Central Government presented the Economic Survey 2025-26 in Parliament ahead of the upcoming Union Budget. The survey projected India's GDP growth rate at 7.4% for FY 2027, highlighting the resilience of the Indian economy amid global uncertainties. The survey also indicated that the trade deal with the U.S. is expected to be completed this year, boosting investor sentiment. All eyes are now on the Union Budget scheduled for February 1.

Market Volatility and Technical Outlook

Today was the expiry of monthly F&O (Futures & Options) contracts for Sensex, which generally increases volatility. The India VIX index also rose nearly 2%, contributing to intraday swings. Technical analysts identified the 25,200/82,000 levels as key support zones. Staying above these levels could allow Nifty to climb towards 25,500–25,575 and Sensex towards 82,800–83,000. Conversely, a fall below 25,150 for Nifty and 81,900 for Sensex could weaken market sentiment.