Share market Highlights: Fall continues for 8th day; Nifty ends at 22,900, Sensex closes below 76,000

Despite the widespread decline, a few stocks managed to stay in the green. The top gainers included Nestle India, TCS, Tata Consumer, ICICI Bank, Hindustan Unilever.

Mid and smallcap stocks take a hit

The broader market saw heavy selling, with the Nifty Midcap index losing over 2% and the Smallcap index tumbling more than 3%.

“The Nifty-50 Index and Sensex each lost around 3% each in the past week as markets resumed the risk-off sentiment. While the mid-cap index lost around 8.5% and small-cap index lost around 10.5% in the past week. Broader markets witnessed deeper cuts, with midcaps and small-caps sharply underperforming largecaps. Markets continue to focus on the downside risks, emanating from (1) tariffs imposed by the US on India, (2) uncertain domestic growth and (3) tepid management commentary from the Q3FY25 earnings season,” said Shrikant Chouhan, Head Equity Research, Kotak Securities.

FPI were net sellers in the past five days, while DIIs were net buyers in the same period. On the economy front, (1) the RBI cut interest rates by 25 bps, (2) January CPI inflation softened to 4.3% (December: 5.2%) and (3) IIP growth in December moderated to 3.2% (November: 5.2%)” he added.

All sectors in the red

Market-wide weakness dragged down all sectoral indices, with steep losses seen in media, metal, oil & gas, pharma, PSU banks, realty, consumer durables, and energy stocks. Most sectors recorded declines between 1% and 3%, mirroring the negative sentiment across the market.