Wed Jan 08 10:53:45 UTC 2025: **Indian Stock Market Plunges; Sensex Down Over 600 Points**
**Mumbai, India –** India’s stock market experienced a significant downturn on Wednesday, the third trading day of the week. The Bombay Stock Exchange’s (BSE) Sensex index plummeted over 600 points, while the National Stock Exchange’s (NSE) Nifty index fell by approximately 170 points. The sharp decline impacted several major companies, with Adani Ports, Titan, and Zomato among the hardest hit. However, Reliance Industries, led by Mukesh Ambani, bucked the trend, showing a positive performance.
By midday, the Sensex had fallen by 674 points, trading at 77,524, after opening slightly higher than its previous close. Similarly, the Nifty, after an initial upward movement, also declined, closing down around 200 points at 23,506.
Several large-cap stocks, including Adani Ports (down 2.76%) and Titan (down 3%), experienced significant losses. Other prominent companies like NTPC, Tata Motors, Infosys, ICICI Bank, and HCL Tech also traded in the red. Mid-cap stocks such as BHEL, Tata Elxsi, Aarti Industries, Biocon, GoDigit, Voltas, Lupin, and Policy Bazar saw declines ranging from 2% to 4%.
In contrast to the overall market slump, Reliance Industries saw its share price increase by 1.70%, trading at ₹1261. Other companies showing gains included Maruti, ITC, and TCS.
Investors are advised to consult with market experts before making any investment decisions.
First Piper 