Nifty is encountering resistance around its 20-day EMA at 23,300, and a decisive close above this level is crucial for more gains or else the index may face renewed pressure and again inch toward the 23,

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.

Indian benchmark indices Nifty 50 and Sensex ended the previous trade session higher. Nifty 50 closed at 23,155.35, while Sensex ended at 76,404.99. Overnight, Wall Street indices ended higher. Asian stocks were mixed in early trade today.