Markets to Open on 1 February for Special Union Budget Session | MCX Silver Slides 15% in Steepest Fall in Years – Paper by Pocketful
Market Recap: 30th January, 2026
Top Gainers & Losers (Nifty 50)
🗞 Stock News Highlights
Nestlé India (+3.46%): Stock rose to a 52-week high as Q3 PAT surged 46% to ₹1,018 crore and revenue increased 19% to ₹5,667 crore, supported by strong volume growth.
Vedanta (-11.07%): Stock fell despite strong Q3 FY26 results, even as revenue rose 37% YoY to ₹23,369 crore and PAT jumped 61% YoY to ₹5,710 crore, weighed down by profit booking, falling global metal prices, and a sharp sell-off in metal stocks.
Ambuja Cements (-4.83%): Stock declined after Q3FY25 results, as PAT fell 86% YoY to ₹367 crore due to higher operating costs, despite revenue rising 20% YoY to ₹10,180 crore on record cement volumes of 18.9 million tonnes.
Atlanta Electricals (+0.15%): Stock advanced after the company secured orders worth ₹288 crore, including ₹146 crore from KPTCL and ₹142 crore from Datta Power Infra for NTPC-linked projects.
🏢 Sectoral Performance
Media | Nifty Media (+1.85): The index advanced today with 9 gainers and 1 loser, driven by buying interest in select media stocks amid expectations of improved advertising demand and digital growth momentum.
India Defence | Nifty India Defence (+1.43%): The index posted its biggest weekly rise since May 2025, gaining 8.9% this week ahead of the Union Budget, led by Bharat Electronics, Garden Reach Shipbuilding, and Mazagon Dock.
Metal | Nifty Metal (-5.21%): The index fell sharply, marking its worst intraday move in 9 months, with most losses concentrated in 2 heavy pullers and 12 draggers amid profit booking after a strong recent rally.
IT | Nifty IT (-1.03): The index moved lower today with all constituents in the red, weighed down by profit booking, weak global tech cues, and a cautious risk-off sentiment ahead of key macro and policy developments.
🔍 Market Insights
Technical Level: Nifty opened with a sharp gap down, consolidated in a range after early selling, finding support near 25,210 and resistance around 25,370. Weak global markets and falling commodity prices weighed on sentiment today.
Advance-Decline Ratio: Market breadth remained positive, with 1,827 advances against 1,318 declines, indicating broader buying interest despite selective selling pressure.
The Big Picture: Trump nominated Kevin Warsh as the next Federal Reserve chair to succeed Jerome Powell, aiming for policy credibility amid inflation concerns, political pressure on Fed independence, and expectations of limited near-term market impact.
FII/DII Activity (Jan 29, 2026): Market activity reflected mixed institutional flows, with DIIs buying ₹2,639 crore, while FIIs sold ₹394 crore, indicating selective domestic support amid cautious foreign participation.
🔮 Watch Out For Tomorrow
Earnings Corner: Sun Pharmaceutical Industries, Zen Technologies & Studds Accessories are set to announce their Q3 results tomorrow.
Macro: USA ISM Manufacturing PMI (Jan) & China BoJ Summary of Opinions are scheduled to be released Tomorrow.
Index Watch: After a three-day rally, markets turned negative amid heavy selling in global markets and commodities, especially metals, with the Nifty Metal index facing sharp sell-off. Hopes now hinge on a supportive
Budget Day on Sunday,Stay tuned - markets will be open Sunday from 9:15 AM to 3:30 PM.
5 Day Course
Theme: Fundamental Analysis
Day 5 – Friday: Building Conviction Using Fundamental Analysis
Definition: Building conviction through fundamental analysis means gaining confidence in a company’s long-term prospects by combining financial strength, business quality, management credibility, and reasonable valuation.
Key Points: Conviction helps investors stay invested during market volatility and avoid panic selling. When fundamentals remain strong, temporary price corrections are viewed as opportunities rather than threats, supporting long-term wealth creation.
Example: A fundamentally strong company’s stock falls due to short-term negative news. Investors with conviction hold or add to their position, trusting the business to recover over time.
📝 Word Of The Day
Inflection Point: An inflection point is a crucial stage where a market trend changes direction, often driven by shifts in sentiment, fundamentals, or key economic and global developments.
👀 Stay tuned. Stay diversified.
Until next time,
Team Pocketful.