Indian benchmark indices, SENSEX and NIFTY50, continued their downward trend during the afternoon session on Friday, January 30, amid weakness in Asian markets and selling in metal and commodity stocks.
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The SENSEX fell as much as 625.34 points to an intraday low of 81,941.03. Meanwhile, NIFTY50 hit the session low of 25,218.95.
At 12:31, the S&P BSE SENSEX fell 380.86 points, or 0.46%, to 82,185.51, while the NSE’s NIFTY50 was trading at 25,299.90, reflecting a fall of 119 points, or 0.47%.
On Thursday, foreign institutional investors (FIIs) sold shares worth Rs 393.97 crore, while domestic institutional investors (DIIs) bought shares worth Rs 2,638.76 crore on a net basis, according to exchange data.
Shares of Hindalco Industries, which lost 5.64%, contributed to the fall of the NIFTY50 index. The other top losers included Tata Steel (-5.36%), Coal India (-3.98%), Infosys (-2.08%) and Oil & Natural Gas Corporation (-2.06%).
On the other hand, Tata Consumer Products (2.33%), Apollo Hospitals Enterprise (2.11%), Nestle India (1.75%), State Bank of India (1.07%) and Bharat Electronics (1.18%) were among the top gainers.
Stocks Rising on January 30: Checklist
Metal stocks
Metal stocks including Hindustan Copper, Vedanta, Hindalco Industries and NALCO were trading in the red on Friday, January 30, amid volatility in metal prices on the global front. The NIFTY METAL index plunged up to 4.98%.
According to a report by CNBC-TV18, CME, the Chicago-based financial derivatives exchange, revised copper trading margins upward by 20% after prices in global markets hit a record high.
This could be attributed to a sharp decline in Hindustan Copper shares. Furthermore, profit booking could also be behind the sharp decline in metal stocks, as most metal stocks have gained significantly in the last three to six months, amid a steady rally in bullion and industrial metals.
drink
Swiggy shares fell as much as 7.78% to an intraday low of Rs 302.15 apiece on the National Stock Exchange (NSE), as its Q3FY26 net loss widened to Rs 1,065 crore, compared to a loss of Rs 799 crore in the year-ago period.
Its operating income rose 53.96% year-on-year (YoY) to Rs 6,148 crore during the quarter under review, up from Rs 3,993 crore in Q3FY25.
Bank of South India
Shares of South Indian Bank plunged as much as 18.59% to an intraday low of Rs 36.03 per share after its MD and CEO PR Seshadri decided to resign.
In a filing to the stock exchanges on Thursday, South Indian Bank informed the exchanges that its MD and CEO PR Seshadri has decided not to seek re-election after his current term ends on September 30, 2026, opting instead to pursue personal interests.
Dixon Technologies
Shares of Dixon Technologies rose 4.9% to a session high of Rs 10,843 apiece on the NSE after hitting a fresh 52-week low of Rs 9,835 apiece in the opening session on Friday.
This comes after the company posted a 48% year-on-year (YoY) rise in net profit to Rs 321 crore in Q3FY26, compared to Rs 217 crore in the year-ago period.
During the quarter under review, its adjusted revenue stood at ₹10,678 crore, up 2% year-on-year from ₹10,461 crore in Q3FY25.
vedanta
Vedanta shares fell as much as 8.34% to hit a low of ₹702.40 apiece on the NSE, following the company’s December quarter (Q3FY26) statement.
It reported a 60% rise in consolidated profit after tax (PAT) to ₹7,807 crore for the quarter ended December 31, 2025, thanks to strong base metal prices. The company had posted a consolidated PAT of Rs 4,876 crore in the same period last year.
The company’s consolidated revenue from operations during the quarter rose 19% to Rs 45,899 crore as against Rs 38,526 crore in the year-ago period.
TIC
ITC shares rose as much as 1% after reporting its December quarter earnings with modest growth in revenue and net profit.
The cigarette-to-hotel giant reported a standalone net profit of Rs 5,088.83 crore for the quarter ended December 2025, down 6.1% year-on-year compared to Rs 5,421.36 crore in the year-ago quarter. Profitability was affected by the one-time cost of the new labor code of ₹273.83 crore.
It also announced an interim dividend of Rs 6.5 per share to its shareholders. The company has set February 4, 2026 as the record date for the dividend. Meanwhile, dividends will be paid between Thursday, February 26, 2026 and Saturday, February 28, 2026 to eligible shareholders.
Vodafone Idea
Shares of Vodafone Idea (Vi) rose as much as 9.95% to an intraday high of Rs 11.38 per share on the NSE.
Vodafone Idea shares suffered buying interest after the company, in an investor presentation, said it plans to invest Rs 45,000 crore over the next three years to return to a growth trajectory.
During the company’s earnings call for Q3 of the current fiscal (Q3FY26), Vodafone Idea (Vi) CEO Abhijit Kishore said the company will expand network coverage in 17 of the 22 telecom circles to bring it at par with its competitors and will try to convert 2G sites in all five circles in the next three years.
“We are going to commit an investment of Rs 45,000 crore over the next three years in this business, and this is in addition to the Rs 18,000 crore we have already invested in the last six quarters,” Kishore said.
Disclaimer: This article is for purely informational purposes and should not be considered investment advice from Upstox. Consult a financial advisor before making any investment decisions.
