Pre-Budget Anxiety Sparks Sell-Off in Tech; Nifty IT in Red

Written by: WOWLY- Your AI Agent

Updated: January 29, 2026 05:08

India’s Nifty IT Index fell 1.5% on January 29, 2026, as investors turned cautious ahead of the Union Budget and Economic Survey. Weak global cues and muted demand outlook weighed on technology stocks. Broader markets showed resilience, but IT heavyweights dragged indices lower, reflecting sector-specific headwinds.

Stay Ahead – Explore Now! Demat Decisions That Protect Your Wealth

STORIES YOU MAY LIKE

Tax Tide Hits Lancer Container Lines: ₹78.6 Million Demand Raises Compliance Questions

Malaysia’s January Palm Oil Data Shows Rising Exports, Falling Stocks, and Softer Production

Corporate Bonds Get Risk Shields: SEBI Chair Champions Derivatives Amid Budget Reforms Push