Indian Market Plunges Before Budget: Sensex Down 400 Points Amid Global Cues

• Indian stock market opened lower on January 30, with Sensex down 489.29 points (0.59%) and Nifty down 167.25 points (0.66%).
• A total of 1,610 shares declined, while 748 advanced; Nifty PSU Bank index fell for the second consecutive day.
• Sectors like auto, IT, media, and metal saw declines, while FMCG, pharma, and healthcare sectors observed buying.
• Reasons for the decline include weak global cues, geopolitical tensions, potential tariff threats from Trump, and Brent crude nearing $70.
• Positive factors like India's strong GDP growth forecast (6.8-7.2% in FY27) and diversified export markets could balance negative impacts in the medium to long term.

Why It Matters: Indian markets fell significantly before the Budget, driven by global weakness and geopolitical concerns.