Indian equity benchmarks traded marginally lower during midday trade on January 29, with selling pressure visible across select heavyweight stocks. As of 12:14 PM IST, frontline indices remained in the red, reflecting cautious investor sentiment.
The Nifty 50 was down 0.31% at 25,265.10, while the Sensex slipped 0.33% to 82,069.92. Broader market performance was mixed, with the Bank Nifty trading higher, even as the Nifty Midcap remained under pressure.
Among Nifty 50 constituents, Asian Paints emerged as the top loser, falling 3.6% to trade at ₹2,422.3. SBI Life Insurance also declined 3.6%, trading at ₹1,980.2, while Mahindra & Mahindra slipped 3.4% to ₹3,331.9, placing it among the major drags on the benchmark.
Aviation major InterGlobe Aviation traded 3.0% lower at ₹4,607.0, extending its weakness in midday deals. Consumer-facing stocks also saw pressure, with Titan Company down 2.9% at ₹3,860.8.
Auto heavyweight Maruti Suzuki India declined 2.6%, trading at ₹14,496.0, while Bharat Electronics slipped 2.3% to ₹442.5.
In the FMCG space, Tata Consumer Products traded 2.2% lower at ₹1,106.6, while Trent also declined 2.2% to ₹3,779.0. Hindustan Unilever rounded off the list of major losers, trading 2.2% lower at ₹2,327.2.
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