Midday Market: Sensex tanks 400+ points, Nifty breaks 23,150 as volatility rises

The Indian banal marketplace extended its crisp diminution connected January 21, with the Sensex plummeting implicit 800 points and the Nifty slipping beneath 23,150 during midday trade. At 12:56 PM IST, the BSE Sensex was down 440.88 points oregon 1.05 per cent, trading astatine 76,329.24. The broader NSE Nifty mislaid 149.35 points oregon 0.64 per cent, to commercialized astatine 23,145.80.

Triggers down the marketplace fall

1. Global commercialized uncertainty: US President Donald Trump’s vague stance connected tariff hikes and a imaginable 25 per cent tariff connected Canada and Mexico created uncertainty successful planetary markets.
2. Weak Q3 firm earnings: Zomato’s 57 per cent driblet successful nett net triggered a 9.98 per cent descent successful its banal price, adding unit connected indices.
3. FII outflows: Concerns implicit India’s economical maturation and a deficiency of accordant overseas organization inflows weighed connected sentiment.
4. Rising marketplace volatility: The India VIX surged six per cent, signalling heightened capitalist caution.

Dr. V.K. Vijayakumar, Chief Investment Strategist astatine Geojit Financial Services, noted, “Trump 2.0 has kicked disconnected without overmuch clarity connected economical decisions. The denotation of gradual tariff hikes and a weaker dollar could payment emerging markets similar India, but GDP maturation and firm net volition beryllium cardinal to sustaining FII flows.”

Sectoral show and cardinal losers

The Nifty Consumer Durables scale led the sectoral decline, down 3.38 per cent, followed by Nifty Realty (-2.67 per cent). Heavyweight losers included Reliance Industries (-1.71 per cent), Kotak Mahindra Bank (-2.45 per cent), and Adani Ports (-2.02 per cent).

Midcap and smallcap indices fell implicit 1 per cent each, reflecting wide weakness. Only 3 stocks connected the Sensex—UltraTech Cement (+0.84 per cent), ITC (+0.51 per cent), and HCL Tech (+0.50 per cent)—managed gains.

Outlook ahead

Market participants stay cautious amid planetary uncertainties and anemic home cues. A sustained betterment volition beryllium connected improved macroeconomic information and better-than-expected firm earnings.