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Bourses snap 3-day rally amid heavy selling pressure in metal, IT and commodity stocks
Millennium Post Delhi
|Delhi 31 January 2025
MUMBAI: Equity benchmark indices Sensex and Nifty ended lower on Friday, snapping a three-day rally, due to heavy selling pressure in metal, IT and commodity stocks as investors booked profits at higher levels ahead of the Budget 2026-27.
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However, buying on select blue-chip counters restricted the sharp fall in domestic equities amid prolonged weakness in the rupee, traders said.
As a bearish trend gripped the street, the 30-share BSE Sensex declined 296.59 points, or 0.36 per cent, to settle at 82,269.78. During the day, it tumbled 625.34 points or 0.75 per cent to 81,941.03.
A total of 2,424 stocks advanced while 1,783 declined and 160 remained unchanged on the BSE.
The 50-share NSE Nifty dropped 98.25 points or 0.39 per cent to end at 25,320.65 in a volatile session.
This story is from the Delhi 31 January 2025 edition of Millennium Post Delhi.
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