Indian benchmark indices, Sensex and Nifty, are expected to open flat to slightly negative on January 29, tracking muted cues from GIFT Nifty, which was trading marginally lower around the 25,390 mark.

Market participants remain cautious ahead of the presentation of the Economic Survey 2025–26 by Union Finance Minister Nirmala Sitharaman in Parliament today. Ongoing FII outflows, pre-Budget positioning, and mixed global cues are also likely to influence sentiment.

In the previous session, Indian equity markets extended gains for the second straight day on January 28, led by buying interest in energy and metal stocks.

On Wednesday, the 30-share benchmark index ended at 82344.68 up by 487.2 points or by 0.6 % and then NSE Nifty was at 25342.75 up by 167.35 points or by 0.66 %.

On the global front, Asian markets were trading lower. Last checked, the Nikkei 225 index was down 0.46 per cent, while South Korea's KOSPI Index fell 0.58 per cent, and Australia's S&P/ASX 200 was down 0.8 per cent.

US equity markets ended almost flat on Wednesday, with the Nasdaq inching higher on the back of gains in chip stocks, as investor reactions remained muted after the US Fed kept interest rates unchanged and offered little guidance on when borrowing costs might fall. The S&P 500 index settled flat at 6,978.03 levels, the Nasdaq Composite rose 0.17 per cent to 23,857.45 levels, and the Dow Jones Industrial Average was also flat at 49,015.60.

Back home, Top traded Volumes on NSE Nifty – Eternal Ltd. 82531461.00, Oil And Natural Gas Corporation Ltd. 73427983.00, Bharat Electronics Ltd. 71986647.00, HDFC Bank Ltd. 35347138.00, Tata Steel Ltd. 33310718.00,

On NSE, total number of shares traded was 619.54 Crore and total turnover stood at Rs. 139330.51 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 160847 with a total turnover of Rs. 27040.32 Crore. Along with this total number of contracts traded in stock futures were 1539842 with a total turnover of Rs. 104694.72 Crore. Total numbers of contracts for index options were 50246753 with a total turnover of Rs. 8351009.63 Crore. and total numbers of contracts for stock options were 6126487 with a total turnover of Rs. 438190.31 Crore.

The FIIs on 28/01/2026 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 29155.01 Crore and gross debt purchased stood at Rs. 53.98 Crore, while the gross equity sold stood at Rs. 33623.53 Crore and gross debt sold stood at Rs. 1195.53 Crore. Therefore, the net investment of equity and debt reported were Rs. -4468.52 Crore and Rs. -1141.55