Mumbai, Jan. 30 -- The headline equity benchmarks trimmed some losses and traded with modest declines in mid-afternoon trade, tracking weak global cues, as investors remained cautious ahead of the Union Budget 2026, scheduled to be presented on 1 February 2026. Market participants are closely monitoring the rupee's movement, ongoing Q3 corporate earnings, and evolving geopolitical developments for fresh direction.

Investor focus is also on quarterly results due later today from key companies such as Bajaj Auto, NTPC, Power Grid Corporation of India, Nestle India, and Ambuja Cements. Reflecting the subdued sentiment, the Nifty slipped below the 25,300 level during morning trade. Metal, IT and oil & gas shares declined, while media, FMCG a...