New Delhi, Jan. 30 -- India's benchmark stock indices snapped a three-week losing streak, as optimism around the Union budget, selective earnings beats and progress on the India-European Union (EU) free trade agreement lifted investor risk appetite, analysts said.

The BSE Sensex closed the week 0.9% higher at 82,269.78 on Friday, while the Nifty50 advanced 1.1% to 25,320.65. Yet, despite the weekly rebound, the benchmarks ended January in the red.

The Nifty50 lost 2.4% during the month, while the BSE Sensex shed 2.8%, marking their weakest monthly showing since February 2025, when the markets had corrected by around 6%.

Analysts say conviction around a sustained breakout rally remains weak, despite the market pricing in positive cues f...