Axis Bank jumped over 4% after the firm reported a 4% growth in its December quarter net profit to ₹7,010.65 crore against ₹742.99 crore in the year-ago period. File
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Equity benchmark indices Sensex and Nifty ended higher in highly volatile trade on Tuesday (January 27, 2026), buoyed by heavy buying in bank and metal stocks, a firm trend in global markets and optimism over India-EU FTA.
The 30-share BSE Sensex climbed 319.78 points, or 0.39%, to settle at 81,857.48. During the day, it hit a high of 82,084.92 and a low of 81,088.59.
The 50-share NSE Nifty surged 126.75 points or 0.51% to end at 25,175.40.
From the 30-Sensex firms, Adani Ports, Axis Bank, Tata Steel, Tech Mahindra, NTPC, State Bank of India, UltraTech Cement and Bharat Electronics were among the biggest gainers.
Axis Bank jumped over 4% after the firm reported a 4% growth in its December quarter net profit to ₹7,010.65 crore against ₹742.99 crore in the year-ago period.
In contrast, Mahindra & Mahindra, Kotak Mahindra Bank, Asian Paints, Eternal and ITC were among the laggards.
Also Read | India-EU Summit LIVE updates
India and Europe on Tuesday (January 27, 2026) announced the sealing of an ambitious free trade agreement — billed as “mother of all deals” — that came against the backdrop of a fractious global environment and trade disruptions largely caused by Washington’s policy on tariffs.
India has concluded the biggest Free Trade Agreement (FTA) in its history with the European Union, Prime Minister Narendra Modi said after holding summit talks with the 27-nation bloc’s top leaders, Ursula von der Leyen and Antonio Costa.
“Indian equities continued to trade with a measured and cautious undertone. The finalisation of the India-European Union bilateral trade agreement lent some support to investor sentiment amid a broader risk-off environment triggered by U.S. tariff measures.
“However, sustained selling by foreign portfolio investors and muted third-quarter corporate earnings growth capped any meaningful upside in domestic equities,” Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, said.
Foreign Institutional Investors (FII) offloaded equities worth ₹4,113.38 crore on Friday (January 23, 2026), while Domestic Institutional Investors (DIIs) bought stocks worth ₹4,102.56 crore, according to exchange data.
Equity markets were closed on Monday (January 26, 2026) for Republic Day.
In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225 index, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng index ended higher.
Markets in Europe were trading on a mixed note.
U.S. markets ended higher on Monday (January 26, 2026).
Brent crude, the global oil benchmark, dipped 0.15% to $65.49 per barrel.
On Friday (January 23, 2026), the Sensex tumbled 769.67 points or 0.94% to close at 81,537.70. The Nifty dived 241.25 points or 0.95% to settle at 25,048.65.
Published – January 27, 2026 04:48 pm IST
