Nifty 50 Dips Ahead of Budget 2026, Market Cautious on Reforms
Market
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CNBC TV18•31-01-2026, 16:14
Nifty 50 Dips Ahead of Budget 2026, Market Cautious on Reforms
- •Nifty 50 ended a three-session winning streak, closing below 25,350 amid profit booking.
- •Metal heavyweights Hindalco, Tata Steel, and Coal India were major drags; Nestle India, Tata Consumer, Apollo Hospitals gained.
- •Nifty Metal index plunged over 5%, its steepest single-day fall since April 2025, due to a global commodity rout.
- •Market mood remains cautious with Nifty 4% down from highs; rupee at record low against dollar.
- •Analysts expect Budget 2026 to be a key trigger, with resistance at 25,450-25,500 and support at 25,200.
Why It Matters: Market remains cautious ahead of Budget 2026, with Nifty 50 consolidating and awaiting reform triggers.
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