Final Trade: Sensex sinks 1,235 points, Nifty below 23,050; all sectors end in red
Sensex plunges 1,235 points, Nifty ends below 23,050 as global uncertainties, weak Q3 earnings, and FII selling spook investors; market cap erodes by Rs 7.55 lakh crore.
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India's equity markets witnessed a sharp sell-off on Tuesday, with the benchmark indices closing deep in the red amid global uncertainties and weak corporate earnings. The BSE Sensex tumbled 1,235 points, or 1.60 per cent, to settle at 75,838, while the NSE Nifty50 dropped 371 points, or 1.59 per cent, to end at 23,012. All sectoral indices on the NSE ended lower, reflecting broad-based selling pressure.
Triggers behind the market fall
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Global uncertainty due to Trump’s tariff policies:
Investor sentiment took a hit as U.S. President Donald Trump’s ambiguous stance on trade tariffs created unease. The administration’s consideration of a 25 per cent tariff on Canada and Mexico has fueled concerns about inflation and economic overheating in the U.S., dampening global risk appetite. -
Earnings concerns:
Weak Q3 results from heavyweight stocks added to the bearish sentiment. Zomato was the biggest drag, plummeting over 11 per cent after reporting a 57 per cent decline in net profit. The broader earnings season has been underwhelming, with Nifty50 companies projected to deliver just three per cent EPS growth year-on-year for Q3. -
Sectoral losses:
The Nifty Consumer Durables index fell 3.2 per cent, led by Dixon Technologies, which plunged 13 per cent on valuation concerns despite strong Q3 numbers. Realty stocks also took a hit, with the Nifty Realty index down nearly three per cent. -
FII selling spree:
Foreign institutional investors (FIIs) continued their relentless sell-off, offloading equities worth Rs 48,023 crore so far in January 2025, further pressuring the markets.
Broader market impact
The market capitalisation of all BSE-listed companies fell by Rs 7.55 lakh crore to Rs 425.35 lakh crore.
Among the Nifty50, only three stocks—UltraTech Cement, ITC, and HCL Tech—ended in the green. The India VIX surged over six per cent, reflecting heightened volatility and investor caution.
Market participants now await clarity on global policies and Q3 earnings to gauge the direction of equity flows.
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03:39 PM IST
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