US EditionStock Markets Snap 3-Day Rally Dragged by Metal, IT Stocks
- Benchmark equity indices Sensex and Nifty fell on January 30, 2026, after a three-day rally, with Sensex dropping 619.06 points to 81,947.31 and Nifty down 171.35 points to 25,247.55.
- The government's Economic Survey projected India's GDP growth at 6.8-7.2% for the upcoming fiscal year, maintaining its status as the fastest-growing major economy.
- Market sentiment remained cautious prior to the Union Budget on February 1, influenced by foreign fund outflows and volatility in global equities.
- Major declines were seen in IT stocks including Tata Steel, HCL Tech, and Infosys.
11 Articles
11 Articles
Times of India
NALCO shares tumble 9% as metal stocks retreat after 3-day rally. What's behind the slide?
Shares of National Aluminium Company slid 9% on Friday as a sharp pullback in global and domestic metal prices, a stronger dollar and profit booking dragged the metal index down 4%, snapping a three-day rally and weighing on sentiment across commodity stocks.
Stock markets tank in early trade after Three-day rally - OrissaPOST
Mumbai: Benchmark equity indices Sensex and Nifty tumbled in early trade Friday after a three-day rally, dragged by IT stocks and caution ahead of the Budget presentation February 1. Fresh foreign fund outflows and weak trends in global equities also added to the markets’ weakness during initial trading. The 30-share BSE Sensex tumbled 619.06 points to 81,947.31 in opening trade. The 50-share NSE Nifty dropped 171.35 points to 25,247.55. From th…
Coverage Details
Bias Distribution
- 75% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
