Stock market crash today: BSE Sensex and Nifty50, the Indian equity benchmark Indices, crashed in trade on Monday. While BSE Sensex went below 76,000. Nifty50 was below 22,900. AT 10:46 AM, BSE Sensex was trading at 75,502.48, down 688 points or 0.90%. Nifty50 was at 22,870.20, down 222 points or 0.96%.
Indian equity indices Sensex and Nifty50 declined for the second straight session on Monday, affected by poor corporate results, US trade policy uncertainties, and sustained foreign outflows.
Early trading saw losses up to 2% in Zomato, IndusInd Bank, M&M, Adani Ports, Infosys, and Tata Steel. Conversely, HUL, ICICI Bank, and TCS showed positive movement.
The indices recorded their third consecutive weekly loss on Friday. Foreign portfolio investors have withdrawn $8.23 billion from Indian markets in January, with $7.44 billion specifically from equities, marking the largest outflow since October 2024.
Investors await the Federal Reserve’s rate decision on Wednesday before the Union Budget, with expectations of unchanged rates. The Fed’s commentary is under scrutiny, particularly following Trump’s advocacy for reduced borrowing costs.
DLF shares rose 5% after reporting a 61% year-on-year increase in Q3 consolidated net profit to Rs 1,059 crore. YES Bank shares increased nearly 3% following a 164.5% year-on-year rise in Q3 profit to Rs 612.27 crore.
“The market sentiment has turned weak. Sustained FPI selling (Rs 69000 crores in January, so far) is impacting the market. Despite DII buying of Rs 67,000 crores in January, so far, the market is under pressure. A major concern is that President Trump is coming up with new threats like the 25 % tariff on Columbia for its refusal to take back deported illegal immigrants. The threatened 25% tariff on Canada and Mexico might be implemented from February 1st onwards. These concerns are weighing on the markets,” said Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
Global markets showed weakness as US futures and Asian shares declined, influenced by developments in AI technology and Trump’s trade policies. The dollar strengthened whilst oil prices fell over 1% following Trump’s OPEC comments.
The Indian rupee weakened by 22 paise to 86.44 against the US dollar, as the dollar index rose 0.21% to 107.66.