The Indian equity benchmarks faced continuous market declines during Friday’s midday trading session because Asian markets showed downward movements and metal and commodity stocks suffered heavy selling.

The S&P BSE SENSEX dropped to an intraday low of 81,941.03 after it lost 625.34 points from its previous closing value. The NSE NIFTY50 reached its session low at 25,218.95.

The SENSEX at 12:31 PM showed a decline of 380.86 points which brought the index down to 82,185.51. The NIFTY50 index showed a decrease of 119 points which amounted to a 0.47% decline at 25,299.90.

According to exchange data, foreign institutional investors (FIIs) sold equities worth ₹393.97 crore on Thursday while domestic institutional investors (DIIs) purchased shares worth ₹2,638.76 crore.

Top losers and gainers

The major stock market indices experienced a decline because heavyweight metal stocks performed poorly. The NIFTY50 experienced its strongest downturn when Hindalco Industries lost 5.64% of its value. Tata Steel suffered major losses with a 5.36% decline. Coal India experienced a 3.98% drop and Infosys saw a 2.08% decrease and Oil & Natural Gas Corporation experienced a 2.06% drop.

Tata Consumer Products achieved a 2.33% increase while Apollo Hospitals Enterprise followed with a 2.11% gain and Nestle India achieved a 1.75% increase and Bharat Electronics reached a 1.18% increase and State Bank of India achieved a 1.07% gain.

Buzzing stocks on January 30

Metal stocks

Metal stocks experienced significant selling activity because of international price fluctuations. The NIFTY METAL index dropped almost 5% because Hindustan Copper Vedanta Hindalco Industries and NALCO shares experienced losses during trading.

The Chicago-based CME Group increased copper trading margin requirements by 20% after global prices reached record high levels according to a CNBC-TV18 report. Analysts link the sectoral decline to profit booking because metal stocks have generated substantial gains during the previous months.

Swiggy

Swiggy shares dropped to their lowest point of the day, which reached ₹302.15, after the company disclosed its net loss of ₹1,065 crore for Q3 FY26, which surpassed the previous year’s loss of ₹799 crore.

The company recorded an operational loss but generated 53.96% revenue growth, which resulted in ₹6,148 crore earnings during the quarter.

South Indian Bank

The share price of South Indian Bank fell by 18.59% to reach ₹36.03 after the bank declared that its current Managing Director and CEO P R Seshadri would not continue his position after September 30 2026.

The bank announced that Seshadri will leave his position because he wants to follow his personal goals.

Dixon Technologies

Dixon Technologies shares rebounded sharply which led to a 4.9% increase that brought their value to ₹10,843 on the NSE after the stock reached a new 52-week low earlier in the day.

The company experienced a stock increase after it announced a 48% year-on-year increase in net profit which reached ₹321 crore for Q3 FY26. The adjusted revenue reached ₹10,678 crore which represented a 2% increase compared to the same period last year.

Vedanta

Vedanta shares dropped by 8.34% to reach a price of ₹702.40 even though the company announced strong financial results for the quarter. The company achieved a 60% increase in consolidated profit after tax which reached ₹7,807 crore for the December quarter because base metal prices increased.

The company experienced an annual revenue growth of 19% which brought its operational revenue to ₹45,899 crore.

ITC

ITC shares gained about 1% after the company published its third-quarter financial results. The FMCG major reported a standalone net profit of ₹5,088.83 crore which decreased by 6.1% from the previous year because of a one-time labour code expense totaling ₹273.83 crore.

The company also declared an interim dividend of ₹6.5 per share which will use February 4, 2026 as its record date. The company will distribute dividend payments between February 26 and February 28 in 2026.

Vodafone Idea

Vodafone Idea shares increased almost 10 percent when the stock reached an intraday peak of ₹11.38 because the company declared plans to spend ₹45,000 crore during the upcoming three years for business recovery efforts.

Abhijit Kishore the CEO of the company announced during the Q3 FY26 earnings call that the company plans to increase its network coverage across 17 telecom circles while it will modernize 2G sites in five circles to improve its competitive position.