Stock Market Today Highlights: Sensex nearly 300 pts lower, Nifty 50 ends below 25,350;MCX silver hits 15% lower circuit

Stock Market Today Highlights: As per Abhinav Tiwari, a Research Analyst at Bonanza, the Indian equity markets concluded the day on a down note due to various factors that led to widespread selling across different sectors.

The Sensex dropped approximately 0.35% to finish around 82,269, while the Nifty 50 decreased by 0.40% to roughly 25,320. This decline was mainly caused by profit-taking in anticipation of the Union Budget, a sharp downturn in commodities, and subdued global signals, which collectively kept investor sentiment on edge. The most significant pressure was exerted by commodities, particularly in the metal stocks sector.

"Global uncertainty further weighed on markets. Concerns around a possible US government shutdown and a cautious US Federal Reserve outlook added to risk aversion. Although the Fed kept rates unchanged, its commentary suggested limited scope for rate cuts in 2026, dampening sentiment for rate sensitive sectors.

Looking ahead, focus now shifts to the Union Budget on February 1. Selective opportunities may emerge post-budget, especially in sectors less exposed to commodity price swings," said Tiwari.

Stock Market Today LIVE: Among the sectoral indices, Nifty Metal crashed 5.21%, followed by IT (down 1.03%), Private Bank (down 0.63%), and Oil & Gas (down 0.53%).

Nifty Bank fell 0.58% to end at 59,610, while the Financial Services index ended 0.65% lower.

On the other hand, Media, FMCG, and Consumer Durables rose over 1% each. Auto, Realty, and Pharma rose by almost 1% each.

Stock Market Today LIVE: Top losers in the Nifty 50 index

Hindalco Industries (down 5.98%), Tata Steel (down 4.81%), and Coal India (down 3.46%) ended as the top losers in the index.

Stock Market Today LIVE: Top Nifty 50 gainers

Nestle India (up 3.46%), Tata Consumer (up 2.24%), and Apollo Hospitals Enterprise (up 2.19%) ended as the top gainers.

Stock Market Today LIVE: The Indian stock markets closed lower as various factors led to widespread selling across different sectors. The Sensex dropped approximately 0.35% to finish close to 82,269, while the Nifty 50 decreased by 0.40% to around 25,320.

According to experts, the decline was influenced by profit-taking in anticipation of the Union Budget, a significant drop in commodities, and weak signals from global markets, which collectively led to a cautious investor sentiment.

Stock Market Today LIVE: According to Sanket Roge, Research Analyst at Bonanza, metal stocks fell today mainly because prices had already risen a lot in recent days, and metal prices themselves dropped sharply. There are two reasons. First, investors booked profits. Metal stocks had gone up quickly in a short time.

When prices reached higher levels, many investors chose to sell and secure their gains. This selling pressure caused stocks to fall. Second, metal prices dropped sharply. Prices of key metals fell during the day; gold, silver, copper, and aluminum all saw noticeable declines.

Since metal companies depend directly on these prices for their earnings, falling metal prices usually lead to lower stock prices. Overall, the fall was not due to bad news but due to profit taking after a strong rise and weakness in metal prices, which reduced confidence in the sector for the day.

Nestle India reported Q3 FY26 standalone results, with net profit surging 46.3% year-over-year to ₹1,018 crore from ₹696 crore, boosted by tax provision writebacks and operational gains. Revenue grew 18.5% to ₹5,667 crore from ₹4,779.7 crore, while EBITDA rose 9% to ₹1,201 crore, maintaining margins around 21%

Stock Market Today LIVE: MOIL announced its Q3 FY26 results, showing a net profit decline of 17% to ₹53 crore from ₹63 crore year-over-year, despite modest revenue growth. Revenue edged up 2% to ₹360 crore from ₹367 crore, with EBITDA improving slightly by 2.2% to ₹97.3 crore and margins expanding to 27% from 26%

Stock Market Today LIVE: Strides Pharma Science announced robust Q3 FY26 results, with net profit more than doubling to ₹202 crore from ₹88 crore year-over-year, signaling strong operational momentum. Revenue saw modest growth of 3.6% to ₹1,194.6 crore from ₹1,153.6 crore, while EBITDA rose 12.2% to ₹235.8 crore, improving margins to 19.7% from 18.2%.

Aegis Logistics reported strong Q3 FY26 results with net profit surging 42.2% year-over-year to ₹176.8 crore from ₹124.3 crore, driven by improved operational efficiency. Revenue grew modestly by 1.1% to ₹1,725.4 crore from ₹1,707 crore, while EBITDA rose 27.6% to ₹297 crore, lifting margins to 17.2% from 13.6%.

Stock Market Today LIVE: Market levels at 12:30 IST

Sensex: 82,180.99; down -385.38 pts or -0.47%

Nifty 50: 25,299 . 40; -119.50 pts or -0.47%

Stock Market Today LIVE: According to Rahul Kalantri, VP Commodities, Mehta Equities ltd, Gold has support at $5255-5175 while resistance at $5440-5540. Silver has support at $109.10-104.75 while resistance is at $115.15-117.80.

In INR gold has support at Rs1,62,650-1,58,310 while resistance at Rs1,74,850-1,79,950. Silver has support at Rs3,82,810, 3,67,170 while resistance at Rs4,18,810, 4,35,470.

Stock Market Today LIVE: Crude oil prices edged lower on Friday as profit-taking emerged after recent gains. Despite the dip, the market remains on track for its strongest monthly performance in over a year.

According to Rahul Kalantri, VP Commodities, Mehta Equities ltd, Crude oil settled at fresh five-month highs on Thursday as supply concerns intensified following a winter storm that disrupted nearly 15% of U.S. production.output. The rally was reinforced by heightened geopolitical risk, with the U.S. President signaling potential military action against Iran if negotiations fail. Additionally, the dollar index weakened sharply after the FOMC outcome, lending further support to oil prices.

“We expect crude oil prices to remain volatile in today’s session. Crude oil is having support at $62.55-61.00 and resistance is at $64.40-65.10 in today’s session. In INR crude oil has support at Rs5,900,-5,840 while resistance at Rs6,040-6,115,” said Kalantri.

Stock Market Today LIVE: The shares of metal companies dropped significantly, causing the Nifty Metal index to fall by almost 5% during the early trading hours of January 30. This decline follows a period of profit taking after a substantial upward trend and a decrease in commodity prices.

On Friday, the Nifty Metal index decreased by nearly 5% to 11,855.85, breaking a three-day streak of gains that had seen it rise by nearly 9%. Currently, the sectoral index stands as the largest loser in today's market.

The decline in metal stocks may have been partly influenced by profit booking after the recent surge. Furthermore, according to specialists, there was a notable drop in metal prices today.

Stock Market Today LIVE: Crude oil prices climbed to their highest level in five months due to increasing worries that global supply might be interrupted in the event of a U.S. military intervention in Iran, a major crude producer within OPEC.

Rising oil prices negatively impact major importers of the commodity, like India.

Stock Market Today LIVE: Shares of Swiggy started trading 7% lower on Friday, January 30, following the report of a larger net loss for the December quarter compared to the same period last year.

According to reports, Nomura upheld a 'Buy' rating for the stock with a price target set at ₹546, suggesting a potential increase of around 70% from the current price.

The brokerage indicated that Swiggy is experiencing robust growth in its food delivery segment, while the slowdown in quick commerce growth is a deliberate choice to avoid engaging in irrational competition.

Stock Market Today LIVE: Foreign institutional investors offloaded equities worth ₹393.97 crore on Thursday after a day's breather, according to exchange data. Domestic Institutional Investors (DIIs) however, bought stocks worth ₹2,638.76 crore.

Stock Market Today LIVE: According to Anand James, Chief Market Strategist, Geojit Investments Limited, the 25,180 region that we had earmarked as the downside marker, allowed bulls to regroup yesterday, prompting a steep rise and push past 25,400.

Ideally, this sets the path clear for 25,580-800. However, the consolidation seen yesterday after rising past 25400 lends some caution. While a collapse may not unfold, inability to float above 25,390-360 region, will considerably weaken the upside momentum, atleast for today.

Stock Market Today LIVE: According to Vijayakumar, as we near the Budget Day there are headwinds and tailwinds for the market. Geopolitical issues continue to plague global trade with continuous threats of tariff weaponisation by Trump.

The spike in Brent crude to near $ 70 is a headwind for Indian macros in general and industries that use oil as inputs, in particular. However, these headwinds are likely to be countered by the positive message from the Economic Survey that projects GDP growth of 6.8 to 7.2% growth in FY 27.

Another significant trend is India’s success in diversification of its export market away from the US to other markets. From early 2027 onwards this trend will gain momentum with the India- EU trade deal getting implemented. Overall, at this juncture, tailwinds are stronger than headwinds and this is positive for markets in the medium to long-term, believes Vijayakumar.

Stock Market Today LIVE: The domestic benchmark indices, Nifty 50 and Sensex opened in red ahead of Budget Day. All major indices opened in the red.

Stock Market Today LIVE: MCX gold prices started off on Friday at ₹1,80,499 per 10 grams, reflecting a decrease of 1.88% from the previous closing price of ₹1,83,962. Currently, the MCX gold price is down by ₹5,518, or 3.00%, trading at ₹1,78,444 per 10 grams.

Stock Market Today LIVE: Rupee opens at 91.91/$ vs Thursday’s close of 91.96/$

Stock Market Today LIVE: According to Prashanth Tapse, Research Analyst, Senior Vice President of Research at Mehta Equities, Nifty 50 has posted sizeable gains in the last 3 sessions despite the FII-selling-scare. But the good news was that in yesterday's trade, even the FIIs posted a decent buy figure.

Technically, Nifty 50's next hurdle is seen at 25,489 mark. Major hurdle at psychological 26,000 mark. Key make-or-break support at 24,919 mark.

After FOMC, the big fish in the tank is the Union Budget outcome, releasing on Sunday, 1st February 2026. Expect a volatile session before we enter into the Budget reading.

Stock Market Today LIVE: Apple reported that it achieved record earnings in the December quarter, driven by a significant increase in iPhone sales in greater China. The iPhone manufacturer announced quarterly revenue of $143.8 billion, reflecting a 16% increase from the previous year, exceeding analysts' average projection of $138.48 billion, while its net income reached $42.1 billion and gross margin stood at 48.2%.

Apple anticipates that its revenue for the fiscal second quarter ending in March 2026 will rise by 13% to 16%, surpassing the 10% growth that analysts had predicted, according to LSEG. The company also projected a gross margin of 48% to 49% for the second quarter.

Stock Market Today LIVE: President Donald Trump and Senate Democrats have come to a preliminary agreement to prevent a significant shutdown of the US government as the White House persists in talks with Democrats regarding the implementation of new restrictions on immigration raids that have stirred national controversy, according to Bloomberg.

Stock Market Today LIVE: The US stock market mostly declined on Thursday, dragged down by losses in technology shares.

The Dow Jones Industrial Average increased by 55.96 points, or 0.11%, reaching 49,071.56, whereas the S&P 500 dropped by 9.02 points, or 0.13%, to 6,969.01. The Nasdaq Composite finished 172.33 points, or 0.72%, lower at 23,685.12.

Stock Market Today LIVE: Asian markets saw gains on Friday following US President Donald Trump's announcement that he would reveal his selection for the next Federal Reserve chair today.

Japan's Nikkei 225 increased by 0.25%, and the Topix climbed 0.58%. South Korea's Kospi surged by 1.23%, while the Kosdaq rose by 0.99%. Futures for the Hong Kong Hang Seng index suggested a lower opening.

Stock Market Today LIVE: The trends on Gift Nifty also suggest a sluggish start for the Indian benchmark index, with Gift Nifty trading around the 25,435 level, reflecting a discount of nearly 101 points compared to the previous close of Nifty futures.

Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.