Stock Market Today: Sensex Slides Over 600 Points, Nifty Falls Below 25,250; Tata Steel Drops 3%

Sensex Today | Nifty 50 | Indian Stock Market Live Updates

Indian equity markets opened sharply lower on Friday, snapping a three-session winning streak, as investors turned cautious amid weak global cues and ahead of the Union Budget 2026.

Heavy selling pressure was seen in early trade, with metal and IT stocks leading the losses.

Market Snapshot (Early Trade)

• Sensex fell nearly 625 points in early trade

• Nifty 50 slipped below the 25,250 level

• At 9:17 AM:

  • Sensex: Down 413.35 points (0.50%) at 82,153.02

  • Nifty: Down 153.80 points (0.61%) at 25,265.10

• Nifty intraday low: 25,224.35

Top Losers on Sensex

Among Sensex constituents, several heavyweight stocks traded in the red:

• Tata Steel declined 2.64% to ₹197

• Eternal fell 1.58%

• Mahindra & Mahindra (M&M) slipped 1.23%

• HCL Technologies dropped 1.23%

• Infosys lost 1.18%

Weakness in metal and IT stocks weighed heavily on the benchmark indices.

Budget 2026 Keeps Investors Cautious

Investor sentiment remained cautious ahead of the Union Budget 2026, scheduled to be presented by Finance Minister Nirmala Sitharaman on Sunday, February 1, 2026.

Market participants are avoiding aggressive positions as they wait for clarity on:

• Fiscal policy

• Growth outlook

• Government spending plans

Global Cues Remain Muted

Muted cues from global markets further added to the pressure, leading to profit booking after the recent rally. The lack of strong international triggers kept risk appetite subdued in early trade.

Market Outlook

While the broader trend remains positive, near-term volatility is expected due to budget-related uncertainty. The 25,200–25,250 zone will be a crucial support area for the Nifty, while any recovery may face resistance near recent highs.

📌 Investors are advised to stay cautious, focus on quality stocks, and maintain strict risk management ahead of the Budget.

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