Wed Jan 22 01:44:10 IST 2025: ## Indian Stock Market Plunges on Global Uncertainty
**Mumbai, January 21, 2025** – Indian stock markets experienced a sharp decline today, with the benchmark Sensex plummeting 1,235 points (1.60%) to close at 75,838.36 and the Nifty 50 shedding 299 points (1.28%) to settle near 23,045.30. This dramatic fall wiped out approximately ₹7.48 lakh crore (approximately $90 billion USD) from investor wealth.
The downturn is attributed to increased global uncertainty following Donald Trump’s recent pronouncements on tariffs, particularly his threat of imposing tariffs on countries including India and other BRICS nations. Trump’s announcement of a 100% tariff on Canada and Mexico further fueled investor anxieties.
Broader market indices also suffered significantly, with both the BSE Midcap and Smallcap indices falling by over 2%. All sectoral indices ended in the red, with the most significant losses observed in the realty, consumer durables, IT, and banking sectors.
Among the Sensex constituents, Zomato experienced the steepest decline, falling 10.92%. NTPC, Adani Ports, ICICI Bank, and SBI also witnessed substantial losses ranging from 2.57% to 3.51%. Only two Sensex stocks, Ultratech Cement and HCL Tech, managed to close in positive territory.
The overall market sentiment reflects a significant sell-off, with 2,788 stocks declining out of a total of 4,088 traded on the BSE. While 103 stocks hit their 52-week highs, 67 stocks reached their 52-week lows.
Investors are urged to exercise caution and seek professional advice before making any investment decisions. Market volatility remains high, and this situation underscores the inherent risks associated with stock market investments.
First Piper 