January 21, 2025 7:21 PM.
Benchmark domestic equity indices plunged today amid a sell-off across all sectors, triggered by global and domestic factors. US President Donald Trump’s tariff threats targeting BRICS nations, weak third-quarter earnings, and persistent foreign institutional investor selling weighed on the markets. The 30-share index at the Bombay Stock Exchange, Sensex, sank 1,235 points, or 1.6 percent, to close at 75,838. Similarly, the National Stock Exchange Nifty-50 plunged 320 points, or 1.37 percent, to settle at 23,025.
The broader market indices at BSE also ended with deeper cuts. The Mid-Cap index shed two percent, and the Small-Cap index declined over 1.9 percent.
In the Sensex index, 28 out of 30 companies logged losses. In the top laggards, Zomato plunged over 10.9 percent, Adani Ports lost over 3.7 percent, and NTPC dropped more than three and a half percent. Meanwhile, the two gainers were UltraTech Cement, which gained over 0.7 percent, and HCL Tech added almost half a percent.
In sectoral indices at the BSE, all 20 sectors ended in negative territory. In the top laggards, Realty shed over four percent, Consumer Durables lost almost four percent, and Consumer Discretionary dropped 2.9 percent.
The overall market breadth at the BSE was negative as shares of 2,788 companies declined and 1,187 advanced while 113 remained unchanged. At the National Stock Exchange, 26 companies hit their 52-week high while 58 hit their 52-week low.