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.

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.

A long bull candle was formed on the daily chart, which indicates a sign of strength in the upside bounce. The immediate resistance of 23,000-23,100 has been broken on the upside and Nifty closed higher.