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A broker looks at computer screens at a stock brokerage firm in Mumbai May 10, 2010. Indian shares extended gains to more than 2 percent by late morning on Monday, helped by strong Asian peers and investor relief in the wake of a $1 trillion rescue package to contain the Greek crisis and calm world markets. REUTERS/Arko Datta (INDIA - Tags: BUSINESS)
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CNBC TV18•30-01-2026, 18:34

Nifty Slips Below 25,350 as Metal Stocks Drag Market Lower

  • •Indian equity benchmarks BSE Sensex and NSE Nifty ended a three-day winning streak on Friday (January 30), closing in the red due to broad-based selling.
  • •The Nifty fell below the 25,350 mark, closing at 25,321, while the Sensex dropped 297 points to 82,270.
  • •Metal stocks were significantly impacted, with the metal index snapping its three-day winning streak and shares of Hindustan Copper and Hindustan Zinc falling up to 12%.
  • •Key laggards included Hindalco, Tata Steel, Coal India, ONGC, and ICICI Bank, while Nestle India and Vodafone Idea were among the top gainers.
  • •Despite Friday's decline, equity markets recorded weekly gains, with Sensex and Nifty rising over 1% each, and broader markets outperforming.

Why It Matters: Indian markets closed lower, breaking a winning streak, primarily due to a sharp decline in metal stocks.

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