Stock Markets January 30, 2026

Indian Markets Slip as Metals, Energy and FMCG Weigh on Indexes

Nifty 50 closes down 0.39% while Sensex falls 0.36%; mixed sector performance with notable moves in Nestle India and Hindalco

By Priya Menon TACN
Indian Markets Slip as Metals, Energy and FMCG Weigh on Indexes
TACN

India's equity benchmarks ended lower on Friday, with the Nifty 50 falling 0.39% and the BSE Sensex 30 retreating 0.36%. Sector declines in Metals, Oil & Gas and Fast Moving Consumer Goods pressured the market. Standout gains were seen in Nestle India, Tata Consumer Products and Apollo Hospitals, while Hindalco, Tata Steel and Coal India posted the largest losses.

Key Points

  • Nifty 50 closed down 0.39% and BSE Sensex 30 fell 0.36% as Metals, Oil & Gas and FMCG stocks pressured markets.
  • Nestle India, Tata Consumer Products and Apollo Hospitals were among the session’s notable gainers; Hindalco, Tata Steel and Coal India were the largest decliners.
  • Market breadth favored advancers on both exchanges; India VIX rose modestly while gold and crude prices fell.

Indian equity markets finished the trading session lower on Friday as losses in the Metals, Oil & Gas and Fast Moving Consumer Goods sectors helped push major indexes into the red.

On the National Stock Exchange, the Nifty 50 closed down 0.39%. On the Bombay Stock Exchange, the broader Sensex 30 finished the session 0.36% lower.


Top performers on the Nifty 50

  • Nestle India Ltd (NSE:NEST) led gainers on the Nifty, rising 3.46% or 44.60 points to close at 1,332.50.
  • Tata Consumer Products Ltd (NSE:TACN) added 2.24% or 24.80 points to end at 1,132.00.
  • Apollo Hospitals Enterprises Ltd. (NSE:APLH) finished up 2.19% or 149.00 points at 6,950.00.

Largest decliners on the Nifty 50

  • Hindalco Industries Ltd. (NSE:HALC) fell 6.16% or 63.05 points to close at 961.00.
  • Tata Steel Ltd (NSE:TISC) dropped 4.80% or 9.72 points to finish at 192.60.
  • Coal India Ltd (NSE:COAL) was down 3.46% or 15.75 points to 440.00.

BSE Sensex 30 movers

  • Nestle India Ltd (BO:NEST) again featured among the top movers on the Sensex, rising 2.97% to 1,325.95.
  • Mahindra & Mahindra Ltd. (BO:MAHM) was up 1.33%, settling at 3,430.45.
  • State Bank Of India (BO:SBI) gained 1.27% to close at 1,078.00.

Biggest decliners on the Sensex

  • Tata Steel Ltd (BO:TISC) was the largest laggard on the Sensex, down 4.89% to 192.45.
  • Power Grid Corporation of India Ltd (BO:PGRD) lost 2.13% to settle at 255.00.
  • ICICI Bank Ltd (BO:ICBK) declined 1.93% to finish at 1,357.45.

Broader market breadth on the National Stock Exchange showed advancing issues outnumbering decliners, with 1,553 stocks higher, 935 lower and 49 unchanged. On the Bombay Stock Exchange, 2,338 shares gained, 1,645 fell and 149 were unchanged.

Notable milestone moves included Nestle India reaching 52-week highs on both exchanges - rising to 1,332.50 on the NSE and to 1,325.95 on the BSE - while State Bank Of India registered an all-time high at 1,078.00.


Volatility, commodities and currencies

The India VIX, which measures implied volatility of Nifty 50 options, rose 1.80% to 13.61.

In commodities, Gold Futures for April delivery declined 5.04% or 269.71 to $5,085.09 a troy ounce. Crude oil for March delivery fell 1.31% or 0.86 to $64.56 a barrel, while the April Brent contract dropped 1.32% or 0.92 to trade at $68.67 a barrel.

On the currency front, USD/INR was up 0.18% to 91.94, while EUR/INR eased 0.27% to 109.58. The US Dollar Index Futures was higher by 0.38% at 96.50.


Context on information services

The session’s market movements were accompanied in the original report by an investment-data product description that emphasized combining institutional-grade data with AI-powered insights to support investment decisions; that promotional content noted it does not guarantee winners but aims to help identify potential opportunities.

This report focuses on the factual market outcomes from the trading day, including index moves, leading individual stock performances, volatility measures, commodity price changes and currency fluctuations as recorded at the close.

Risks

  • Sector concentration risk as losses in Metals, Oil & Gas and FMCG weighed on benchmark performance - these sectors may contribute disproportionately to short-term index volatility.
  • Commodity price swings present uncertainty for related sectors; the reported falls in gold and crude could impact metal and energy companies' near-term dynamics.
  • Currency and volatility shifts - a rising USD/INR and higher India VIX indicate potential headwinds for foreign inflows and increased option-implied uncertainty.

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