India's Stocks Fall on Friday on Profit Booking Ahead of Budget

MT Newswires Live01-30

Indian equities ended lower on Friday, snapping a three-day rally of gains as investors booked profit ahead of the Union Budget 2026 due on Sunday.

While the Budget is widely expected to stay supportive of growth, uncertainty over whether fresh measures will be announced to lift consumption kept risk appetite in check.

Ongoing foreign selling, mixed corporate earnings, a weaker rupee and geopolitical tensions added to the cautious mood.

The BSE Sensex declined 0.4%, or 296.59 points, to close at 82,269.78, while the NSE Nifty 50 slipped 0.4%, or 98.25 points, to end at 25,320.65.

Hindalco Industries (NSE:HINDALCO, BOM:500440) led the declines with shares falling over 6%, followed by Tata Steel (NSE:TATASTEEL, BOM:500470) and Coal India (NSE:COALINDIA, BOM:533278).

Nestle India (NSE:NESTLEIND, BOM:500790), Tata Consumer Products (NSE:TATACONSUM, BOM:500800) and Apollo Hospitals Enterprise (NSE:APOLLOHOSP, BOM:508869) were among the top gainers in the session.

In earnings updates, RattanIndia Power (NSE:RTNPOWER, BOM:533122) reported a jump in consolidated attributable profit to 542.6 million rupees for the fiscal third quarter ended Dec. 31, from 43.3 million rupees a year earlier.

Welspun Corp (NSE:WELCORP, BOM:532144) posted a consolidated attributable net profit of 4.53 billion rupees for the fiscal third quarter, down from 6.75 billion rupees a year earlier.

Separately, RailTel Corporation of India (NSE:RAILTEL, BOM:543265) said it secured an order worth 942.4 million rupees from Modern Coach Factory, Raebareli, for the supply, installation and commissioning of an IP-based video surveillance system in LHB train coaches.

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