Sensex Plunges 600 Points, Nifty Tumbles Ahead of Budget: 8 Key Reasons
Business
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Moneycontrol•30-01-2026, 13:00
Sensex Plunges 600 Points, Nifty Tumbles Ahead of Budget: 8 Key Reasons
- •Indian benchmark indices Sensex and Nifty 50 fell significantly, with Sensex dropping over 600 points and Nifty also seeing a sharp decline, one trading day before the Union Budget.
- •Key factors contributing to the market fall include profit booking in metal stocks, renewed selling by foreign investors, and a surge in crude oil prices to a five-month high.
- •Global cues were weak, with major Asian and US markets closing in the red, adding to the domestic market's pressure.
- •Caution ahead of the budget presentation, a jump in India VIX (market volatility index), and selling in IT stocks further impacted investor sentiment.
- •Speculation about a hawkish stance from the next US Fed chief also contributed to market uncertainty and affected gold prices.
Why It Matters: Indian markets saw a significant pre-budget fall due to global weakness, foreign selling, rising oil, and sector-specific pressures.
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