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The Indian stock market resumed its losing streak in Friday’s session on January 30, as heavy selling in metal stocks dragged benchmarks lower, with most counters logging double-digit losses amid profit booking. Continued weakness in technology stocks further added to the pressure, outweighing gains seen in media, FMCG and real estate shares.

Consequently, the Nifty 50 settled 0.39% lower at the 25,320 level, but still managed to end the week with a gain of 1.10%. The S&P BSE Sensex also closed the session 0.36% lower at 82,269, compared with the previous close, but finished the week nearly 1% higher.

The broader markets, however, remained mixed, with the Nifty Midcap 100 slipping 0.20%, while the Nifty Smallcap 100 index gained 0.32%. For the week, both indices rallied by up to 3.20%.

Sector-wise, the Nifty Metal index saw heavy selling, crashing 5.2% as pressure gripped stocks amid a sharp retreat in both precious and base metal prices. Today’s drop was also the biggest intraday fall since April 2025.

Nifty IT and Nifty Oil & Gas also declined by 1% and 0.53%, respectively. On the upside, Nifty Media, Nifty FMCG and Nifty Consumer Durables closed with gains of over 1%.

(more to come)

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