
Budget Day stock recommendations from MarketSmith India
Subscribe to enjoy similar stories. Stock market recap: The Indian stock markets closed lower on Friday, 30 January, as various factors led to widespread selling across different sectors. The Sensex dropped approximately 0.35% to finish close to 82,269, while the Nifty 50 fell 0.40% to 25,320.
According to experts, the decline was influenced by profit-taking in anticipation of the Union Budget, a significant drop in commodity prices, and weak signals from global markets, which collectively led to a cautious investor sentiment. Investors will now focus on the Union Budget scheduled for Sunday, 1 February. The markets will function in a special trading session.
Two stock recommendations by MarketSmith India for 1 February: Buy: CreditAcesss Grameen Ltd (current price: ₹1,329) Buy: Star Health and Allied Insurance Co. Ltd (current price: ₹470) Nifty 50 recap | 30 January Indian equities closed modestly lower on Friday, with Nifty 50 ending at 25,320.65, down 98.25 points, or 0.39%, after a volatile intra-day session. The benchmark oscillated within 25,213–25,371, recovering from mid-session weakness but failing to sustain above the previous close of 25,418, reflecting cautious sentiment.
Market breadth, however, remained supportive, with 1,829 stocks advancing against 1,325 declines, indicating selective buying beneath the surface despite the headline index pressure. Sectoral performance was mixed. FMCG, Consumer Durables, Healthcare, and Pharma stocks outperformed, aided by defensive buying and stock-specific triggers.
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