Markets surged on Wednesday, January 28, 2026, with Sensex gaining 487 points to end strong and Nifty50 closing above 25,300. Investor optimism was fueled by the recently announced India-EU Free Trade Agreement (FTA), positive global cues, and broad buying across metals, energy, and real estate sectors.
Leading the gains were Vedanta, Hindustan Zinc, ONGC, and Vodafone Idea, reflecting strong sectoral momentum and positive corporate developments. Metals and energy stocks benefited from rising commodity prices, while Vodafone Idea edged higher after posting a narrower Q3 loss and improved operating metrics. Realty stocks also saw increased buying interest, boosting mid and small-cap indices.
On the other hand, some defensive sectors witnessed profit-taking. IT and FMCG stocks underperformed, as investors rotated funds into cyclical and value-oriented stocks, highlighting a sectoral shift in market sentiment.
Analysts noted that a stronger Indian rupee and favorable global trends further supported the bullish trend. The market rally added significant capitalization and reinforced investor confidence ahead of upcoming corporate earnings.
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