Sensex Slides 324 Points Down at Close, FMCG Emerges Top Performer

Indian equity indices traded lower, with the Nifty below 25,600 on 19th January. The Sensex was falling 523.11 points to 83,047.24, and the Nifty was falling 166.75 points to 25,527.60. The domestic markets were weak due to global issues, including ongoing trade-related concerns. The BSE midcap index shed 0.4%, and the smallcap index declined 1.2%. 

According to some analysts, the current market environment reflects poor global risk sentiment and a lack of strong positive triggers. 

Nifty Top Gainers 

Nifty50 Top Losers

Sensex Top Gainers

Sensex Top Losers

Overview of the Market:

The domestic equity markets opened under pressure, with all key indices trading in the red as global cues continue to promote risk aversion. Selling pressure was widespread, with major sectors posting sharp declines throughout the session.

In these conditions, investors tended towards safe-haven investments such as precious metals and defensive bonds. Equities came under pressure amid foreign fund outflows and mixed earnings. Market players are preparing for challenging times ahead amid weak global growth indicators and policy uncertainties.

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Ajit Mishra – SVP, Research, Religare Broking

Markets started the week on a weak note, declining nearly half a per cent amid negative cues. The benchmark index opened lower amid renewed risk aversion, faced broad-based weakness throughout the session, and eventually settled in the red, reflecting a cautious undertone. The Nifty closed at 25,585.50, down by 0.42%. Most sectors ended lower, with heavyweights from energy, banking and IT leading the declines as earnings disappointment and macro concerns weighed on sentiment. The broader market mirrored this weakness, with both midcap and smallcap indices also slipping, indicating widespread selling rather than isolated sector moves.

Sentiment further deteriorated following disappointing quarterly results from major companies, including Reliance Industries and ICICI Bank. 

In addition, weakness in the IT space, highlighted by a sharp fall in Wipro after softer revenue forecasts, added to the negative bias. Investor caution was also reinforced by ongoing global uncertainties, including fresh concerns about potential tariff actions by the US President and continued foreign institutional selling.

From a technical perspective, the Nifty’s break below the key support zone near 25,600 signals a continuation of the near-term corrective trend, with the next support placed around the 25,300–25,400 range. In the event of a rebound, the 25,600 level, followed by the 25,800 zone, is likely to act as strong resistance. Despite the index’s prevailing weakness, select sectors and themes remain relatively strong. Participants are therefore advised to align their positions accordingly, focusing on sectoral leadership and maintaining disciplined risk management.

Disclaimer

The opinion and analysis expressed within this article belong to market analysts and should not be considered investment advice. Investment in the stock market is also associated with various market risks and does not presuppose future outcomes based on past success and failure across various market channels and platforms. It is always advised that readers get their own analysis and recommendations from a professional financial consultant, as no liability shall be attributed to this article and the publisher for any losses incurred by readers using this article for any purpose.

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