Market Sees Selling Pressure After Two-Day Gain; Nifty Slips, Gold & Silver Soar

Business
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Moneycontrol•29-01-2026, 10:52
Market Sees Selling Pressure After Two-Day Gain; Nifty Slips, Gold & Silver Soar
- •Indian market experiences selling pressure after two days of gains, with Nifty falling over 130 points to 25200.
- •ICICI BANK, MARUTI, INFOSYS, and M&M contribute to market pressure, while Bank Nifty shows recovery.
- •Bullion market surges: MCX silver crosses 4 lakh, gold surpasses 1 lakh 80 thousand, driving related stocks and ETFs.
- •FMCG, IT, Defense, and Consumer Durables face selling pressure; Metal Index jumps nearly two percent to a new peak.
- •Maruti and BEL see profit-booking post-results; Gland Pharma jumps 5% after Q3 results.
Why It Matters: Selling pressure returns to the market, but bullion continues its record-breaking rally, with specific sectors showing mixed trends.
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