Finance
Stock Market Crash Highlights, Tuesday, January 21, 2025: Indian equities closed in the negative zone on Tuesday with the 30-share BSE Sensex crashing 1235.08 points or 1.60 per cent to settle at 75,838.36. Today, the index fluctuated between 75,641.87 and 77,337.36.
Significant pressure was also placed on the NSE Nifty50, which ended the day at 23,024.65, down 320.10 points, or 1.37 percent. The Nifty50 was quoted at 22,976.85 at the day’s low and at 23,426.30 at the day’s high.
With losses led by Trent, Adani Ports, NTPC, ICICI Bank, M&M, SBI, Adani Enterprises, and Bharat Electronics, 42 of the 50 stocks that make up the Nifty50 closed the day in the red. On the other hand, eight equities closed the day in the green, including Apollo Hospitals, Tata Consumer, BPCL, and Adani JSW Steel.
The broader markets also saw drops in line with the benchmarks, with the Nifty Midcap100 closing 2.31 percent lower at 53,834.95, and the Nifty Smallcap100 closing 2.28 percent worse at 17,456.50.
Nifty Financial Services and Nifty PSU Bank fell 1.65% and 1.73 percent, respectively, while Nifty Realty and Nifty Consumer Durables fell 4.12% and 4.06 percent, causing all sectors to conclude in the negative.
In addition, technology stocks saw a decrease of 1.17 percent in the Nifty IT index, with substantial drops in Metal (-0.94%), Media (-1.49%), and Pharma (-1.35%). Bearish sentiment was also evident in defensive industries like FMCG (-0.21%) and healthcare (-0.70%).
Source: BS
