Indian markets fall at open as metal stocks lead decline ahead of budget

Indian equity indices opened lower on Jan 30 as a weak rupee and high oil prices dampened sentiment. Investors remain cautious ahead of the federal budget.

Insights:
Indian shares opened lower on January 30, 2026, as investor caution intensified ahead of the upcoming federal budget in India ININ. The Nifty 50 fell 0.57% to 25,272.5, while the BSE Sensex shed 0.52% to 82,107.2 as of 9:15 a.m. IST. This downward movement was driven by a combination of a weak Indian rupee , persistent foreign outflows, and rising crude oil prices , all of which reduced appetite for risk in the immediate lead-up to the national fiscal announcement.
People walk outside the National Stock Exchange (NSE) in Mumbai, India, October 22, 2024. REUTERS/Francis Mascarenhas
People walk outside the National Stock Exchange (NSE) in Mumbai, India, October 22, 2024. REUTERS/Francis Mascarenhas
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