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.

The trends on Gift Nifty also indicate a tepid start for the Indian benchmark index. The Gift Nifty was trading around 23,150 level, a premium of nearly 2 points from the Nifty futures’ previous close.

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.