MarketSmith India, as of January 30, 2026, provides a list of stocks with notable price and volume changes, potentially offering insights for investors. The Indian equity markets had previously extended their winning streak, fueled by the finalization of the India-EU Free Trade Agreement (FTA) and strong buying activity in state-run heavyweights.
Market Overview
On January 29, 2026, the Nifty 50 closed at 25,343, gaining 167.35 points (0.66%), while the S&P BSE Sensex climbed 487.20 points (0.60%) to settle at 82,344.68. Investor wealth increased by approximately Rs. 2.9 trillion, indicating a high-risk appetite as benchmark indices reached record levels. The market breadth was positive, with 1,901 stocks advancing against 2,209 declines. The Nifty CPSE (+5%) and Oil & Gas (+3.4%) sectors led the gains, with Bharat Electronics (BEL) surging 9% due to strong sentiment.
Stock Recommendations and Analysis
MarketSmith India's CAN SLIM approach is used to identify promising stocks.
Some of the stocks showing significant price changes include:
- Gland Pharma: Closed at ₹1,801.00, up 6.59%.
- Sharda Cropchem: Closed at ₹970.00, up 11.42%.
- ABB India: Closed at ₹5,465.00, up 8.36%.
- Rain Industries: Closed at ₹164.10, up 13.45%.
- Manorama Industries: Closed at ₹1,365.00, up 6.85%.
- Oil India: Closed at ₹514.60, up 4.91%.
- Subros: Closed at ₹816.65, up 5.53%.
- Eclerx Services: Closed at ₹4,651.50, up 5.17%.
- Deccan Gold Mines: Closed at ₹144.61, up 12.79%.
- Mangalore Refinery: Closed at ₹176.40, up 7.58%.
- **Hindustan Copper Ltd: ** Increased by 20.0%.
Stocks with significant volume changes include Gland Pharma, Sharda Cropchem, and ABB India.
Other Stocks in Focus
Other companies mentioned include Mahindra & Mahindra, Eternal, Asian Paints, Adani Green Energy, Hyundai Motor India, Maruti Suzuki India, Tata Consultancy Services, Bharat Electronics, State Bank of India, Vedanta, Oil and Natural Gas Corporation (ONGC), Reliance Industries, HDFC Bank, and Bharti Airtel.
Sector Trends
Investors currently favor the Consumer Discretionary sector, which is trading above its 3-year average PE ratio of 39.4x. Market confidence is likely due to analysts' expectations of annual earnings growth of 23.3%, exceeding the past year's earnings growth of 14.2%.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should conduct their own research and consult with a financial advisor before making any investment decisions.
