Why did the Indian stock market close lower on January 30, 2026?

The Indian stock market closed lower on January 30, 2026, due to a decline in metal and IT stocks, fresh foreign fund outflows, and caution ahead of the Union Budget presentation.

What was the performance of the Indian Rupee on January 30, 2026?

On January 30, 2026, the Indian Rupee hit a record low of 92.02 against the US dollar before closing slightly higher.

What major event were investors cautious about on January 30, 2026?

Investors were cautious on January 30, 2026, due to the upcoming Union Budget presentation scheduled for February 1, 2026.

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Markets Dip Ahead of Budget, Rupee Hits Record Low

30 Jan

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Summary

Indian stock markets closed lower on Friday, ending a three-day rally.
The rupee hit a record low of 92.02 against the US dollar.
Caution prevailed ahead of the Union Budget presentation on February 1.

Markets Dip Ahead of Budget, Rupee Hits Record Low

On January 30, 2026, Indian equity indices, Sensex and Nifty, concluded the trading day with losses, halting a three-day rally. The market downturn was primarily influenced by a decline in metal and IT stocks. Investors exhibited caution as they awaited the Union Budget presentation scheduled for February 1, 2026.

Compounding the negative market sentiment were significant foreign fund outflows and a weakening Indian rupee. The rupee reached an all-time low of 92.02 against the US dollar before settling slightly higher. This pressure on the currency, coupled with geopolitical uncertainties, contributed to the bearish trend observed in the equity markets throughout the day.

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