Nifty Slips Below 25,350 as Metal Stocks Drag Market Lower

• Indian equity benchmarks BSE Sensex and NSE Nifty ended a three-day winning streak on Friday (January 30), closing in the red due to broad-based selling.
• The Nifty fell below the 25,350 mark, closing at 25,321, while the Sensex dropped 297 points to 82,270.
• Metal stocks were significantly impacted, with the metal index snapping its three-day winning streak and shares of Hindustan Copper and Hindustan Zinc falling up to 12%.
• Key laggards included Hindalco, Tata Steel, Coal India, ONGC, and ICICI Bank, while Nestle India and Vodafone Idea were among the top gainers.
• Despite Friday's decline, equity markets recorded weekly gains, with Sensex and Nifty rising over 1% each, and broader markets outperforming.

Why It Matters: Indian markets closed lower, breaking a winning streak, primarily due to a sharp decline in metal stocks.