SENSEX slumps 381 pts, NIFTY50 below 25,300 in noon deals; Swiggy, ITC, Vedanta among buzzing stocks

The Indian benchmark indices, SENSEX and NIFTY50, continued their downward trend during the afternoon session on Friday, January 30, amid weakness in Asian markets and selling in metal and commodity stocks.

The SENSEX declined as much as 625.34 points to an intraday low of 81,941.03. Meanwhile, the NIFTY50 reached the session’s low of 25,218.95.

At 12:31 PM, the S&P BSE SENSEX slumped by 380.86 points, or 0.46%, to 82,185.51, while NSE’s NIFTY50 was trading at 25,299.90, reflecting a 119 points, or 0.47%, slip.

On Thursday, the foreign institutional investors (FIIs) sold stocks worth ₹393.97 crore, while the domestic institutional investors (DIIs) purchased equities worth ₹2,638.76 crore on a net basis, according to exchange data.

Shares of Hindalco Industries, which lost 5.64%, contributed to the decline of the NIFTY50 index. The other top losers included Tata Steel (-5.36%), Coal India (-3.98%), Infosys (-2.08%) and Oil & Natural Gas Corporation (-2.06%).

On the flipside, Tata Consumer Products (2.33%), Apollo Hospitals Enterprise (2.11%), Nestle India (1.75%), State Bank of India (1.07%) and Bharat Electronics (1.18%) were among the top gainers.

Buzzing stocks on January 30: Check list

Metal stocks, including Hindustan Copper, Vedanta, Hindalco Industries, and NALCO, were trading in the red on Friday, January 30, amid volatile metal prices on the global front. The NIFTY METAL index crashed as much as 4.98%.

According to a report by CNBC-TV18, CME, the financial derivatives exchange based in Chicago, has revised the margins on copper trades higher by 20%, after prices in the global markets hit a record high.

This could be attributed to a sharp fall in Hindustan Copper stock. Besides, profit booking, too, could be behind the sharp fall in metal stocks, as most metal stocks have gained significantly in the past three to six months, amid a consistent rally in bullion and industrial metals.

Shares of Swiggy declined as much as 7.78% to an intraday low of ₹302.15 apiece on the National Stock Exchange (NSE), as its Q3FY26 net loss widened to ₹1,065 crore, compared to a loss of ₹799 crore in the year-ago period.

Its revenue from operations surged 53.96% year-on-year (YoY) to ₹6,148 crore during the quarter under review, as against ₹3,993 crore in Q3 of FY25.

South Indian Bank stock plunged as much as 18.59% to an intraday low of ₹36.03 per equity share, after its Managing Director and Chief Executive Officer, PR Seshadri, decided to step down.

In a filing to the stock exchanges on Thursday, South Indian Bank informed the bourses that its Managing Director and CEO, P R Seshadri, has decided not to seek reappointment after his current term ends on September 30, 2026, opting instead to pursue personal interests.

Shares of Dixon Technologies climbed as 4.9% to the session peak of ₹10,843 per unit on the NSE, after stumbling to a fresh 52-week low of ₹9,835 apiece in the opening session on Friday.

This comes after the company posted a 48% year-on-year (YoY) surge in net profit to ₹321 crore in Q3FY26, compared to ₹217 crore in the year-ago period.

During the quarter under review, its adjusted revenue stood at ₹10,678 crore, up by 2% YoY from ₹10,461 crore in Q3FY25.

Vedanta stock tumbled as much as 8.34% to hit a low of ₹702.40 apiece on the NSE, following the declaration of the company's December quarter (Q3 FY26).

It reported a 60% jump in consolidated profit after tax (PAT) at ₹7,807 crore for the quarter ended December 31, 2025, on the back of strong base metal prices. The company had posted a consolidated PAT of ₹4,876 crore in the year-ago period.

The consolidated revenue from operations of the company during the quarter rose 19% to ₹45,899 crore over ₹38,526 crore in the year-ago period.

ITC shares rose as much as 1% after reporting its December quarter earnings with modest growth in revenue and net profit.

The cigarettes-to-hotel giant reported a standalone net profit of ₹5088.83 crore for the quarter ended December 2025, down 6.1% year-on-year compared to ₹5421.36 crore in the same quarter a year ago. Profitability was impacted by the one-time new labour code cost of ₹273.83 crore.

It also announced an interim dividend of ₹6.5 per share for its shareholders. The company has fixed 4th February, 2026, as the record date for the dividend. Meanwhile, dividends will be paid between Thursday, February 26, 2026, and Saturday, February 28, 2026, to eligible shareholders.

Vodafone Idea (Vi) stock climbed as mucas much as 9.95% to an intraday high of ₹11.38 per equity share on the NSE.

Vodafone Idea shares came under buying interest after the company, in an investors' presentation, said that it plans to invest ₹45,000 crore over the next three years to return to a growth trajectory.

During the company’s earnings call for the third quarter of the current fiscal year (Q3 FY26), Vodafone Idea (Vi) CEO Abhijit Kishore said the company will expand network coverage in 17 out of 22 telecom circles to bring it at par with competitors and try to convert 2G sites in the five circles in the next three years.

"We are going to commit ₹45,000 crore of investment over the next three years in this business, and this is in addition to the ₹18,000 crore that we have already invested over the last six quarters," Kishore said.