Indian stock markets ended lower on Monday, January 19, as global worries and profit booking weighed on investor sentiment. Weak cues from overseas markets triggered selling across sectors, especially mid cap and small cap stocks.
Sensex fell 324 points (0.39 percent) to close at 83,246.18
Nifty 50 declined 109 points (0.42 percent) to 25,585.50
BSE Midcap index slipped 0.43 percent
BSE Smallcap index dropped sharply by 1.28 percent
Investors lost around ₹3 lakh crore in a single day
Total market value of BSE-listed companies fell to about ₹465 lakh crore from nearly ₹468 lakh crore in the previous session
Fresh global worries after US President Donald Trump announced new tariffs on eight European countries
Fears that this could trigger a US–Europe trade war
Concerns that a trade conflict may:
Slow global economic growth
Push up inflation
Hurt company profits
Ongoing foreign investor selling also kept sentiment weak
Global risk appetite weakened due to tariff concerns
Investors moved towards safer assets like gold
With Q3 earnings underway, stock-specific volatility is expected
Markets may stay in a consolidation phase in the near term
InterGlobe Aviation (IndiGo): up 4.16 percent
Tech Mahindra: up 2.39 percent
Hindustan Unilever: up 2.29 percent
Wipro: down 8.21 percent
Reliance Industries: down 3.07 percent
Eternal: down 2.87 percent
Overall, 31 stocks in the index ended lower
Nifty Bank fell 0.34 percent
Financial Services index ended almost flat
Realty, Media, and Oil & Gas indices fell up to 2 percent
FMCG index rose 0.67 percent
Auto index gained 0.13 percent
Market volatility increased, with India VIX jumping 4 percent
Bharat Coking Coal
Vodafone Idea
Tata Silver ETF
Eight stocks gained more than 15 percent on the BSE
Market breadth was weak:
Over 3,000 stocks declined
Around 1,200 stocks advanced
Overall, global uncertainty and cautious investor mood kept the markets under pressure, with smaller stocks facing the brunt of the selling.
(By arrangement with livemint.com)