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.

Bajaj Finance, Bajaj Finserv, Power Grid, L&T and NTPC were the top gainers on the Sensex. At the same time, Tata Motors, ICICI Bank, Infosys, Untratech Cement and ICICI Bank were the biggest losers