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EQUITY
Post Session: Quick Review
Jan-30-2026

Indian equity benchmarks ended lower on Friday, with both the Nifty and Sensex snapping a three-day winning streak, as traders adopted a cautious stance ahead of the Union Budget scheduled for February 1. Indices made a negative start and remained under pressure throughout the session due to fresh foreign fund outflows and a sharp sell-off in metal, IT, and banking stocks.

Some of the important factors in trade:

Foreign fund outflows: Sentiments remained downbeat as foreign investors offloaded shares worth Rs 393.97 crore on a net basis Thursday.

Major infrastructure projects record Rs 5.42 lakh crore cost overrun: Traders remained cautious as a monthly government report stated that several infrastructure projects worth above Rs 150 crore each registered a cumulative cost overrun of Rs 5.42 lakh crore.

India can achieve potential growth rate of 7.5% in next few years: Traders overlooked Chief Economic Advisor (CEA) V Anantha Nageswaran’s statement that India can achieve potential growth rate of 7.5% in the next few years. For this, he said the country needs to emphasis on strengthening manufacturing and export competitiveness.

Global front: European markets were trading in green, after U.S. lawmakers reached a bipartisan funding deal to avoid a government shutdown and reports emerged that President Donald Trump is set to announce former Federal Reserve official Kevin Warsh as his choice to replace Jerome Powell as the chair of the central bank. Asian equity markets ended mostly in red, after data showed that South Korea’s industrial output grew at its slowest pace in five years in 2025.

The BSE Sensex ended at 82269.78, down by 296.59 points or 0.36% after trading in a range of 81941.03 and 82430.82. There were 13 stocks advancing against 17 stocks declining on the index. (Provisional)

The top gaining sectoral indices on the BSE were Telecom up by 2.17%, FMCG up by 1.48%, Healthcare up by 1.05%, Capital Goods up by 1.00% and Consumer Disc up by 0.87%, while Metal down by 5.12%, Basic Materials down by 2.56%, Oil & Gas down by 0.88%, Energy down by 0.87% and IT down by 0.82% were the top losing indices on BSE. (Provisional)

The top gainers on the Sensex were Mahindra & Mahindra up by 1.33%, SBI up by 1.27%, ITC up by 1.11%, Bharat Electronics up by 1.11% and Titan Company up by 0.83%. On the flip side, Tata Steel down by 4.89%, Power Grid Corp down by 2.13%, ICICI Bank down by 1.93%, HCL Technologies down by 1.60% and Tech Mahindra down by 1.29% were the top losers. (Provisional)

Meanwhile, the Global Trade Research Initiative (GTRI) has said that India unexpectedly gained a small bonus from its free trade (FTA) agreement with the European Union (EU), as Indian goods can enter Turkiye with duty concessions, while Turkish products are not able to use the pact to export to India. The European Union and Turkiye are linked by a customs union covering most industrial goods and processed agricultural products.

GTRI stated these goods travel freely between the EU and Turkey without tariffs or quotas, while Turkey imposes the EU's common external tariff on imports from third countries. As a result, when Indian goods enter the EU under the India-EU FTA, they are able to proceed into Turkey without facing extra tariffs. In effect, Indian exports gain indirect access to the Turkish market through the EU. However, the reverse does not apply.

Moreover, it stated Turkish goods cannot enter India duty-free through the India-EU FTA, even if they pass through EU ports. It added under the agreement’s rules of origin, only EU-origin goods qualify for preferential access, and Turkiye is not a party to the agreement. India and the EU recently announced the successful conclusion of their FTA negotiations.

The CNX Nifty ended at 25320.65, down by 98.25 points or 0.39% after trading in a range of 25213.65 and 25370.70. There were 24 stocks advancing against 25 stocks declining on the index, while one stock remained unchanged. (Provisional)

The top gainers on Nifty were Nestle up by 3.46%, Tata Consumer Products up by 2.24%, Apollo Hospital up by 2.08%, Mahindra & Mahindra up by 1.40% and ITC up by 1.11%. On the flip side, Hindalco down by 6.00%, Tata Steel down by 4.80%, Coal India down by 3.46%, ONGC down by 2.33% and ICICI Bank down by 1.99% were the top losers. (Provisional)

European markets were trading higher; Germany’s DAX gained 204.04 points or 0.83% to 24,513.50, France’s CAC rose 18.24 points or 0.23% to 8,089.60 and UK’s FTSE 100 increased 5.79 points or 0.06% to 10,177.55.

Asian markets settled mostly lower on Friday tracking Wall Street’s slight weakness as investors digested the latest US earnings reports, with Apple warning that rising costs are squeezing margins. Investors opted for a risk off approach after U.S. President Donald Trump threatened Canada with a 50% tariff on all aircraft sold in the United States and also signed an executive order that would impose a tariff on any goods from countries that sell or provide oil to Cuba, a step that raises fresh pressure on Mexico. China's Shanghai Composite fell as a sudden drop in gold prices combined with regulatory action to limit speculative losses triggered a sell-off in miners and other materials shares. However, Japan's Nikkei rose marginally as weaker-than-expected inflation data from Tokyo eased pressure on the Bank of Japan to hike rates again soon. Seoul shares ended marginally higher, hitting a new record high, despite data showed South Korea's industrial output grew at the slowest pace in five years in 2025.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

4,117.95

-40.04

-0.96

Hang Seng

27,387.11

-580.98

-2.08

Jakarta Composite

8,329.61

97.40

1.17

KLSE Composite

1,740.88

9.99

0.58

Nikkei 225

53,322.85

-52.75

-0.10

Straits Times

4,905.13

-24.90

-0.51

KOSPI Composite

5,224.36

3.11

0.06

Taiwan Weighted

32,063.75

-472.52

-1.45
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