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Stock markets snap 3-day rally dragged by metal, IT stocks
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....tock markets snap 3-day rally dragged by metal, IT stocks<BR>PTI News<BR>Dated:- 30-1-2026<BR>PTI<BR>Mumbai, Jan 30 (PTI) Benchmark equity indices Sensex and Nifty ended lower on Friday, snapping a three-day rally, dragged by metal, IT stocks and caution ahead of the Budget presentation on February 1. Fresh foreign fund outflows and weakness in the rupee also added to the bearish trend in the eq....
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....uity markets. The 30-share BSE Sensex declined 296.59 points or 0.36 per cent to settle at 82,269.78. During the day, it tumbled 625.34 points or 0.75 per cent to 81,941.03. The 50-share NSE Nifty dropped 98.25 points or 0.39 per cent to end at 25,320.65. From the Sensex firms, Tata Steel tanked the most by 4.57 per cent. ICICI Bank, Power Grid, HCL Tech, Tech Mahindra, Infosys and Kotak Mah....
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....indra Bank were also among the laggards. Mahindra & Mahindra, State Bank of India, ITC and Bharat Electronics were among the gainers. Foreign institutional investors offloaded equities worth Rs 393.97 crore on Thursday after a day's breather, according to exchange data. Domestic Institutional Investors (DIIs) however, bought stocks worth Rs 2,638.76 crore. "Indian equity markets remained vol....
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....atile ahead of the Union Budget, with benchmark indices dragged lower by weakness in IT and metal stocks. The IT sector lagged due to global growth concerns and higher US bond yields, while gold and silver declined amid a stronger dollar. "Persistent FII selling and continued rupee depreciation kept market sentiment cautious," Vinod Nair, Head of Research, Geojit Investments Limited, said. Wit....
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....h geopolitical risks and global tariff pressures rising, the Union Budget is keenly awaited for cues on growth support and fiscal discipline, he added. India's economy is projected to grow by 6.8-7.2 per cent in the fiscal year starting April, the government's pre-Budget Economic Survey said on Thursday, reaffirming the country's status as the world's fastest-growing major economy despite trade ....
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....risks and global volatility clouding the outlook. In Asian markets, South Korea's Kospi settled higher, while Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng index ended lower. Markets in Europe were quoting higher. US markets ended mostly lower on Thursday. "Indian equity markets traded with a weak and cautious bias, retreating from recent highs amid agg....
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....ressive selling in metal and IT stocks. Mixed cues from overseas markets, along with persistent weakness in the rupee, capped intra-day recovery attempts. "Overall, sentiment remained cautious, with market participants balancing pre-Budget positioning against external headwinds," Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, said. Brent crude, the global oil benchmark,....
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.... dropped 0.88 per cent to USD 70.09 per barrel. On Thursday, the Sensex climbed 221.69 points or 0.27 per cent to settle at 82,566.37. The Nifty edged higher by 76.15 points or 0.30 per cent to end at 25,418.90. PTI SUM SUM ANU ANU<BR> News - Press release - PIB....