Stock Market Crash Highlights: Sensex sinks 1,235pts, Nifty ends at 23,024; broader indices bleed 2%
Stock Market Crash Highlights, January 21, 2025: Indian equities faced severe declines on Tuesday with the 30-share BSE Sensex crashing 1235.08 points or 1.60 per cent to settle at 75,838.36
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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. The index traded in the range of 75,641.87- 77,337.36 today.
NSE Nifty50 also faced severe pressure, settling at 23,024.65 with a loss of 320.10 points or 1.37 per cent. Nifty50 was seen at the day's high of 23,426.30, while the day's low was quoted at 22,976.85.
42 out of 50 constituent stocks of Nifty50 ended in the negative territory with the losses led by Trent, Adani Ports, NTPC, ICICI Bank, M&M, SBI, Adani Enterprises, and Bharat Electronics. Conversely, Apollo Hospitals, Tata Consumer, BPCL and Adani JSW Steel were among the 8 stocks that ended in green.
In line with the benchmarks, the broader markets, too, faced declines with the Nifty Midcap100 ending 2.31 per cent lower at 53,834.95, while Nifty Smallcap100, closed with a fall of 2.28 per cent at 17,456.50. All sectors closed in red, with Nifty Financial Services and Nifty PSU Bank falling 1.65 per cent and 1.73 per cent, respectively, while Nifty Realty and Nifty Consumer Durables plunged 4.12 per cent and 4.06 per cent. Technology stocks also weakened, with the Nifty IT index down 1.17 per cent, alongside notable declines in Pharma (-1.35 per cent), Media (-1.49 per cent), and Metal (-0.94 per cent). Defensive sectors like FMCG (-0.21 per cent) and Healthcare (-0.70 per cent) also reflected bearish sentiment.
3:54 PM
Stock Market LIVE Updates: Market expert view
Stock Market LIVE Updates: Domestic markets experienced a significant decline today, with heightened volatility, followed by Trump's announcement of trade tariffs on neighbouring countries on his inauguration day, adding uncertainty into global markets. The weak recovery in the ongoing Q3 earnings, coupled with a depreciating INR, are likely to prompt further outflows from FIIs. Mid and small-cap stocks underperformed compared to the main indices. The realty sector was hit the hardest due to weak pre-result updates, while banks suffered due to rising asset quality stress. Additionally, the expectation of an interest rate hike by Bank of Japan (BoJ) is dampening market sentiment.
View by Vinod Nair, Head of Research, Geojit Financial Services.
View by Vinod Nair, Head of Research, Geojit Financial Services.
3:51 PM
Stock Market LIVE Updates: Technical view
Stock Market LIVE Updates: Nifty opened gap up however it could not sustain at higher levels and closed in the red down 320 points. On the daily charts, we can observe that the Nifty was consolidating in the range 23,100 – 23,500 since the last six trading sessions which has been decisively broken on the downside. The breakdown indicates resumption of the next leg of decline. On the downside we expect the nifty to drift towards 22,670 which is the 38.2 per cent Fibonacci retracement level of the rise from March, 2023 low 16828 to high 26,277 of September 2024. On the upside, 23,280 – 23,320 is the immediate hurdle zone from short term perspective.
View by Jatin Gedia – Technical Research Analyst at Mirae Asset Sharekhan
View by Jatin Gedia – Technical Research Analyst at Mirae Asset Sharekhan
3:43 PM
Stock Market LIVE Updates: A glance at broader market
Stock Market LIVE Updates: BSE Midcap and Smallcap closed 2 per cent and over 1 per cent lower respectively.
3:40 PM
Stock Market LIVE Updates: Here's a look at Nifty gainers and loser at close
Stock Market LIVE Updates: Trent, NTPC, Adani Ports were among the top losers on NSE Nifty.
3:38 PM
Stock Market LIVE Updates: Here's a look at Sensex gainers and loser at close
Stock Market LIVE Updates: Zomato, NTPC, Adani Ports were among the top losers on Sensex.
3:37 PM
Stock Market LIVE Updates: Nifty settles 320 pts lower at 23,024.65
Stock Market LIVE Updates: NSE Nifty settled 320 points or 1.37 per cent lower at 23,024.65.
3:34 PM
Stock Market LIVE Updates: Sensex closes 1235.08 pts lower at 75,838.36
Stock Market LIVE Updates: BSE Sensex finishes 1235.08 points or 1.6 per cent lower at 75,838.36.
3:28 PM
Stock Market LIVE Updates: Infosys recognised as a Top 3 IT services brand by Brand Finance
Infosys has been recognised the company as a Top 3 IT services brand and the fastest growing IT services brand globally, with a CAGR of 18 per cent over 5 years as per Brand Finance Global 500 2025 report. Infosys’ brand value has grown to over $16 billion in 2025, and Infosys is ranked as 132 most valuable brand in the world.
3:23 PM
Stock Market LIVE Updates: Indian economy projected to grow in range of 6.5-6.8% in FY25: Deloitte
Stock Market LIVE Updates: Deloitte India on Tuesday projected India's GDP to grow at 6.5-6.8 per cent in the current fiscal and said India will have to adapt to the evolving global landscape and harness its domestic strengths to drive sustainable growth. Read more
3:17 PM
Stock Market LIVE Updates: 3 PM update; Sensex down 1220 pts; Nifty below 23,100
Stock Market LIVE Updates: Around 3 PM, Sensex fell over 1200 points, below 75,900 and Nifty fell over 300 points, below 23,100. BSE Midcap and Smallcap were also down over 1 per cent.
Zomato, Adani Ports, ICICI Bank, NTPC, SBI were among the top losers on BSE. On NSE, Trent, Adani Ports, ICICI Bank, SBI were the top laggards.
Zomato, Adani Ports, ICICI Bank, NTPC, SBI were among the top losers on BSE. On NSE, Trent, Adani Ports, ICICI Bank, SBI were the top laggards.
2:58 PM
Stock Market LIVE Updates: ICICI Bank shares fall nearly 3%, hits four-month low ahead of Q3 results
Stock Market LIVE Updates: Shares of ICICI Bank hit a four-month low of Rs 1,201, falling 2.6 per cent on the BSE in Tuesday’s intra-day trade, underperforming the market in otherwise a weak market. The share price of the private sector lender is trading at its lowest level since September 9, 2024. It corrected 11 per cent from its previous month high of Rs 1,350.20 touched on December 16. The stock had hit a record high of Rs 1,361.35 on September 20, 2024. READ MORE
2:50 PM
Stock Market LIVE Updates: Sensex down over 1200 pts, Nifty tanks 340 pts to 23,000 levels
Stock Market LIVE Updates: Sensex plunges 1,219 points or 1.58 per cent to 75,853.53 levels, while Nifty was trading 335 points or 1.4 [per cent lower at 23,008.90 levels.
2:41 PM
Stock Market LIVE Updates: Reached Rs 6-trn AUM without ads: Nithin Kamath on 16 mn Zerodha clients
Nithin Kamath News: Sharing insights on discount broking firm Zerodha’s success and growing client base, co-founder Nithin Kamath took to social media platform ‘X’, formerly Twitter, to announce that Zerodha has 16 million clients with a combined asset under management worth Rs 6 trillion.
In a post on 'X', Kamath said "Over 1.6 crore Indians trade and invest with us. Almost 30 per cent of these investors came to us through referrals by other Zerodha customers. All Zerodha investors today trust us with 6 lakh crores of their assets." Read more
2:26 PM
Stock Market LIVE Updates: Adani Energy wins mega order
Adani Energy Solutions, private transmission and distribution company said that it has won Rs 25,000 crore Bhadla (Rajasthan)- Fatehpur (Uttar Pradesh) HVDC (High Voltage Direct Current) order. It takes Adani Energy's under execution order book to Rs 54,761 crore and transmission network to 25,778 ckm and 84,186 MVA transformation capacity.
2:12 PM
Stock Market LIVE Updates: Indoco Remedies drops 4% on weak Q3 performance; revenue falls 11% YoY
Indoco Remedies share price: Pharmaceutical company Indoco Remedies shares dropped as much as 4.38 per cent to hit an intraday low of Rs 320.45 apiece on Tuesday, January 21, 2025.
Indoco Remedies share dropped after the company reported a weak set of numbers in the December quarter of financial year 2025 (Q3FY25).
The pharmaceutical company reported a consolidated net loss of Rs 28.4 crore in the December quarter of FY25 (Q3FY25), from a profit of Rs 15.6 crore in the December quarter of FY24 (Q3FY24).
Indoco Remedies’ top line, also known as revenue from operations, dropped 10.6 per cent year-on-year (Y-o-Y) to Rs 410.6 crore in Q3FY25, from Rs 459.4 crore in Q3FY24. Read more
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First Published: Jan 21 2025 | 7:42 AM IST