India's benchmark indices, Sensex and Nifty, rallied on Friday, with Sensex gaining over 450 points and Nifty surpassing 23,400. L&T surged by 4.4 per cent after announcing record new orders, contributing significantly to the rise.

Highlights: The broader markets outperformed the benchmarks, with smallcap shares leading the charge as the Nifty Smallcap100 index settled higher by 3.32 per cent

Shares of Coforge Ltd. and Persistent Systems Ltd. surged 11% and 12%, respectively on positive third-quarter earnings. Tech sentiments were also buoyed by Trump's push to make the US an AI superpower by having fewer guardrails.

GMT+0000 (Coordinated Universal Time)GIFT Nifty signals a positive startGIFT Nifty on the NSE IX signaling that Dalal Street was headed for positive start on Wednesday. Wed Jan 29 2025 03:40:58 GMT+00

Indian markets rose for the second consecutive session on January 29, with Nifty 50 up 213.50 points and BSE Sensex gaining 682 points. Strong buying in IT and banking stocks, alongside broader market value buying,

Meanwhile, the US stocks closed with their best weekly gains since the US November presidential election. The S&P 500 and the Dow Jones Industrial Average rose 1.00% and 0.78%, respectively. The tech-heavy Nasdaq Composite advanced 1.51%.

BSE Sensex was trading 368.91 points or 0.49 per cent higher at 75,735.08. Nifty was trading at 22,923.60, down 94.45 points or 0.41 per cent. The gains were led by banking names.