Stock Market Fall: ITC & Dixon Hit 52-Week Lows

Indian Stock Market: 218 Stocks Hit New Lows Today

The Indian stock market ended its three-day winning streak on Friday. Specifically, both the Nifty 50 and Sensex closed in the red on January 30, 2026. This dip happened despite a positive Economic Survey report. The report predicts that India’s GDP will grow by 6.8% to 7.2% in 2027. Notably, investors chose to book profits rather than celebrate the growth news. They are staying cautious as the Union Budget is just two days away.

Add businessleague.in as a Preferred Source

Also Read | DGP Ramachandra Rao faces the threat of dismissal, Home Minister issues statement

Why Is the Market Falling?

Several global and domestic factors are hurting investor sentiment. First, Brent crude oil prices have climbed near $70 per barrel. This is bad news for a country that imports most of its oil. Next, the Indian rupee has fallen to its lowest level since 2022. It is currently trading around 91.82 against the US dollar. Furthermore, foreign investors (FIIs) are selling off their stocks in record numbers.

• FII Selling: Foreign funds sold over ₹43,000 crore this month.

• Budget Caution: Many traders are closing their positions before the February 1st speech.

• Sectoral Sell-off: The Metal and IT sectors saw the biggest drops today.

Also Read | DGP Ramachandra Rao faces the threat of dismissal, Home Minister issues statement

Major Stocks at 52-Week Lows

Over 218 stocks on the NSE reached their lowest price in a year today. Notably, some of India’s biggest brands are on this list. Consequently, many long-term investors are feeling the heat.

Also Read | DGP Ramachandra Rao faces the threat of dismissal, Home Minister issues statement

Winners and Losers

Specifically, the metal sector crashed by over 5% today. Stocks like Hindalco and Tata Steel were the biggest losers. On the other hand, the FMCG and Media sectors managed to stay positive. For instance, Nestle India and Tata Consumer Products saw gains. This shows that investors are moving their money into “defensive” stocks to stay safe.

What Should You Do?

The volatility index, or India VIX, jumped by nearly 4% today. Therefore, you should expect more “wild moves” during the Budget session this Sunday. In summary, it is a good time to keep a close eye on your stop-loss levels. Do not rush into big trades until the new tax rules are clear.

Also Read | DGP Ramachandra Rao faces the threat of dismissal, Home Minister issues statement

Add businessleague.in as a Preferred Source