Indian stock markets extended their losing streak for the fifth consecutive session on Friday, January 9, as worries over US tariffs, heavy foreign selling and caution ahead of the earnings season kept investors on the edge.
The Sensex fell 605 points, or 0.72 percent, to close at 83,576. The Nifty 50 slipped 194 points, or 0.75 percent, ending at 25,683. Midcap and smallcap stocks saw sharper selling, reflecting rising nervousness in the broader market.
Over the past five sessions, the Sensex has dropped more than 2,100 points, while the Nifty has lost around 2.5 percent. In just five days, investors have lost over ₹13 lakh crore as the total market value of BSE-listed companies fell sharply.
1. Why did the market fall again?
Fresh fears over higher US tariffs weighed heavily on sentiment. Concerns grew after reports that the US could impose very steep tariffs on countries buying Russian oil. Continuous selling by foreign investors, global uncertainty and caution ahead of the quarterly results season added to the pressure.
2. Heavy loss of investor wealth
In five sessions, the market value of listed companies fell from over ₹481 lakh crore to below ₹468 lakh crore. On Friday alone, investors lost more than ₹4 lakh crore.
3. How the indices performed
Sensex: down 605 points to 83,576
Nifty 50: down 194 points to 25,683
Midcap index: down 0.90 percent
Smallcap index: down 1.74 percent
4. More stocks fell than rose
Out of 50 Nifty stocks, 35 ended in the red, showing broad-based selling across sectors.
5. Top gainers on Nifty 50
Asian Paints
ONGC
HCL Tech
6. Top losers on Nifty 50
Adani Enterprises
NTPC
Adani Ports
7. Sectoral performance
Most sectors ended lower. Realty, auto, FMCG and consumer durables stocks saw notable losses. Banking and financial stocks also closed in the red. Only oil and gas, IT and PSU banks managed small gains.
8. Bank stocks under pressure
The Nifty Bank index slipped nearly 1 percent, reflecting weak sentiment in financial stocks.
9. Most traded stocks
Vodafone Idea, Indian Energy Exchange and YES Bank saw the highest trading volumes during the session.
10. Big movers despite weak market
A few small stocks bucked the trend and jumped over 15 percent, while some others saw sharp declines, showing high volatility at the lower end of the market.
Market experts say uncertainty around global trade, geopolitics and foreign fund flows may keep markets volatile in the near term. However, expectations of stable economic growth and improving corporate earnings could help limit deeper losses.
(By arrangement with livemint.com)
