Heavy Selloff Erodes Market Capitalisation Amid Global Uncertainty
New Delhi, January 20: Indian equity markets witnessed a sharp selloff on Tuesday, wiping out ₹9.86 lakh crore in investor wealth as benchmark indices faced intense pressure through the session.The 30 share BSE Sensex extended its previous day’s decline, plunging 1,065.71 points or 1.28 percent to close at 82,180.47. During intraday trade, the index slipped as much as 1,235.6 points or 1.48 percent to touch a low of 82,010.58.
As a result of the broad-based decline, the total market capitalisation of BSE-listed companies dropped by ₹9,86,093.96 crore to ₹4,55,82,683.29 crore, equivalent to USD 5.01 trillion.
Sensex Stocks Under Pressure, HDFC Bank Lone Gainer
Selling pressure was visible across most Sensex constituents. Eternal led the losses with a fall of 4.02 percent, followed by Bajaj Finance which declined 3.88 percent. Sun Pharma, InterGlobe Aviation, Trent, Asian Paints, Mahindra and Mahindra, and Bajaj Finserv also ended the session sharply lower.HDFC Bank stood out as the only stock from the Sensex pack to close in positive territory.
Midcap and Smallcap Indices See Steep Declines
The broader market segments witnessed deeper cuts compared to frontline indices. The BSE Smallcap index tumbled 2.74 percent, while the Midcap index fell 2.52 percent, highlighting widespread risk aversion among investors.Sectoral Indices End in the Red
All sectoral indices on the BSE closed lower. Realty stocks were the worst hit, plunging 5.21 percent. The services index declined 2.89 percent, followed by capital goods at 2.76 percent and consumer discretionary at 2.73 percent. Consumer durables slipped 2.71 percent, while telecommunication, auto, and power indices fell 2.42 percent, 2.36 percent, and 2.23 percent respectively.Market Breadth Remains Weak
Market breadth remained decisively negative. On the BSE, 3,503 stocks declined, while only 780 advanced and 119 stocks ended unchanged, underscoring the extent of selling pressure across the market.The Indian equity market closed the session on a decisively negative note, reflecting weak global cues, cautious investor positioning, and subdued risk appetite across segments.
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.