Sensex Dips 550 Points from Day's High, Nifty Below 25,700; Metals, FMCG Drag

• Indian equity benchmarks Sensex and Nifty closed lower from their day's highs on January 16.
• Sensex settled 550 points lower from its peak, while Nifty ended below the 25,700 mark.
• Metals and FMCG sectors were key contributors to the market drag.
• Despite some support from IT and PSU banks, concerns over a US trade deal and foreign fund outflows weighed on sentiment.
• For the week, Nifty saw a marginal gain of 0.04%, while Sensex registered a slight fall of 0.01%.

Why It Matters: Indian markets closed lower from day's highs, dragged by metals and FMCG, amid trade deal concerns.