The S P BSE Sensex surged 740.76 points to end at 77,500.57, while the NSE Nifty50 gained 258.90 points to close at 23,508.40.

Benchmark indices closed higher for the fourth consecutive session, with BSE Sensex gaining 740 points and Nifty50 finishing above 23,500. The rise is driven by pre-Budget optimism, projected GDP growth,

The trends on Gift Nifty also indicate a mildly positive start for the Indian benchmark index. The Gift Nifty was trading around 23,438 level, a premium of nearly 20 points from the Nifty futures’ previous close.

Indian equity benchmarks, Sensex and Nifty 50 opened marginally higher ahead of the Economic Survey 2025, and tracking gains in global markets. Optimism is also brewing as investors look for potential catalysts in the upcoming Union Budget. Construction, IT, and auto stocks steered the rally, while financials and metals weighed on the benchmarks.

Indian benchmark indices opened flat on Thursday, tracking the subdued movement of Asian markets, as the US Federal Reserve kept interest rates unchanged and offered little insight into future rate cuts.

The trends on Gift Nifty also indicate a tepid start for the Indian benchmark index. The Gift Nifty was trading around 23,150 level, a premium of nearly 2 points from the Nifty futures’ previous close.

The stock market opened in the red as trading began on Thursday, January 30, 2025, with consumer durables, auto, and IT stocks falling the most. At 9:20 am IST, the benchmark BSE Sensex was down by 75.

The Indian stock market closed Wednesday's trading session on a positive note with benchmark indices rallying ahead of the monthly expiry and the upcoming Union Budget session. The stock market had seen a positive movement on Tuesday also.

The Sensex and Nifty closed at their highest levels of the day, extending their winning streak for a second consecutive session, ahead of the highly anticipated Federal Open Market Committee's interest rate decision on Wednesday.