Tue Jan 21 06:03:29 UTC 2025: ## Indian Stock Market Plunges After Initial Gains

**MUMBAI, INDIA** – India’s stock market experienced a dramatic downturn on Tuesday, following an initial surge after US President Donald Trump’s oath of office. Both the Sensex and Nifty opened in the green, with the Sensex rising over 200 points. However, this positive momentum quickly evaporated, leading to a sharp market crash within an hour of opening.

The Sensex plummeted over 800 points, falling to 76,239 by 10:15 AM, a drop of 834 points from its opening level of 77,261.72. Similarly, the Nifty, which opened at 23,421, fell over 210 points to 23,127.

This sharp reversal followed a strong performance on Monday, where the Sensex closed up 454 points at 77,073.44 and the Nifty closed 141.55 points higher at 23,344.75.

Among the hardest hit were Zomato shares, which continued their downward trend, falling by 8.40% to ₹220.75. Other significant decliners included Adani Ports (down 1.74%), Reliance (down 1.37%), Dixon (down 10.24%), Oberoi Realty (down 6.61%), Paytm (down 5.76%), Kalyan Jewellers (down 4.38%), Mazgaon Dock (down 2.30%), NewGen (down 9.49%), and MCX (down 7.43%).

Market analysts attribute the decline to a combination of factors, including profit-booking and investor sentiment affected by the release of some company quarterly results. Investors are advised to consult with market experts before making any investment decisions.

Read More