Stock markets tank in early trade after three-day rally
The Hindu
Stock markets slump as Sensex and Nifty drop after a three-day rally, influenced by foreign fund outflows and global trends.
Benchmark equity indices Sensex and Nifty tumbled in early trade on Friday (January 30, 2026) after a three-day rally, dragged by IT stocks and caution ahead of the Budget presentation on February 1.
Fresh foreign fund outflows and weak trends in global equities also added to 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 the 30-Sensex firms, Tata Steel, HCL Tech, Infosys, Tata Consultancy Services, NTPC and Tech Mahindra were among the biggest laggards.
Maruti, ITC, Asian Paints and InterGlobe Aviation were among the gainers.
"As we near the Budget Day there are headwinds and tailwinds for the market. Geopolitical issues continue to plague global trade with continuous threats of tariff weaponisation by Trump. The spike in Brent crude to near USD 70 is a headwind for Indian macros in general and industries that use oil as inputs, in particular.
India's internet user base reaches 958 million, with 57% from rural areas, highlighting rapid digital adoption across the country.
The Economic Survey reveals a decline in agricultural growth to 3.5% in 2025-26, despite steady foodgrain production increases.
Economic Survey 2025-26 warns unconditional cash transfers risk state finances, impacting fiscal sustainability and medium-term growth.
Economic Survey 2025-26 advocates for tax rationalization on debt-assets to enhance investment in corporate bonds and savings.
Restrictions may also be levied on marketing of infant and toddler milk and beverages to tackle rising obesity
Commercial Vehicles major Tata Motors Ltd. (TML) for the third quarter ended December 31, 2025 reported a 48% fall in consolidated net profit to ₹705 crore as compared with ₹1,355 crore in the year ago period due to one-time impacts of Labour Code and de-merger.
India’s energy gap between supply and demand has dropped to nil by November 2025
India's pharma industry shifts to value-driven approaches, focusing on complex generics, innovation, and expanding medical device exports.
The Economic Survey advocates scrapping MGNREGS, citing structural flaws, while introducing a new rural employment law for improved effectiveness.
The Economic Survey warns that an AI-led correction amid geopolitical tensions could severely impact global financial markets.
Economic Survey key takeaways: Here is a look at the key numbers from the Economic Survey 2025-26 in charts, including GDP, inflation, fiscal deficit and more.
The Economic Survey 2025-26 reveals urban land as "dead capital" due to restrictive regulations and unclear titles, urging better utilization.
India's Economic Survey highlights the need for financial regulators to balance growth and stability amid global uncertainties.