
Stock markets decline in early trade after 2-day rally
The Hindu
Stock markets fell in early trade after a two-day rally, with key indices declining ahead of the upcoming Union Budget.
Benchmark equity indices Sensex and Nifty declined in early trade on Thursday (January 29, 2026) after a two-day rally as investors turned cautious ahead of the Union Budget presentation on Sunday (February 1, 2026).
The 30-share BSE Sensex dropped 343.67 points to 82,001.01 during initial trade. The 50-share NSE Nifty edged lower by 94.2 points to 25,248.55.
From the 30-Sensex firms, Maruti declined nearly 3% after its December quarter earnings failed to cheer investors.
Maruti Suzuki India on Wednesday (January 28) posted 4% increase in consolidated net profit at ₹3,879 crore for the December quarter FY26, hit by one-time provision of ₹594 crore on account of the new Labour Codes.
Asian Paints, Titan, Tata Consultancy Services, Hindustan Unilever and Mahindra and Mahindra were also among the laggards.
However, Larsen and Toubro climbed over 3% after its consolidated revenue from operations in the October-December quarter rose by 10% to ₹71,450 crore, over ₹64,668 crore in the year-ago period.

The U.S. has launched two investigations under Section 301 of the Trade Act of 1974 against India and other economies to examine practices that may be ‘unreasonable or discriminatory and burden or restrict U.S. commerce’. One probe examines whether countries, including India, are using excess manufacturing capacity to export to the U.S. in a manner that hurts American businesses, while another looks at whether countries have taken ‘sufficient steps’ to prohibit imports of goods produced with forced labour.












