Stock Market Today: Sensex tanks 824 points, Nifty ends 1.14% down

“Broad-based selling crossed sectors plummeted the Indian marketplace amidst tepid net and anemic sentiments crossed the globe. Weak sentiments were further exacerbated arsenic the US commercialized confrontation continued, similar with Colombia this time, said Vinod Nair, Head of Research, Geojit Financial Services.

Foreign investors remained connected a selling spree owed to moderation successful economical maturation and the rupee depreciation. So acold successful the existent period (till January 27), overseas portfolio investors nett sold Rs 67,022 crore of Indian equities, according to the National Securities Depository Ltd (NSDL) data.

On Monday, the rupee depreciated by 0.07 paise to settee astatine 86.28 against the dollar.

“A operation of factors similar anemic US and European marketplace cues, monthly F&O (futures & options) expiry aboriginal this week, persistent FII money outflows, and muted 3rd 4th firm net truthful acold person continued to propulsion investors successful reducing their equity exposure,” said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.

Mid and tiny caps remained successful their downward trajectory implicit costly valuations and slowdown successful earnings. BSE Midcap and Smallcap indices mislaid 2.68 per cent and 3.51 per cent, respectively.

Strong selling was seen successful sectors specified arsenic accusation technology, telecom, metals, lipid & state and realty which dragged the Sensex beneath the 76,000 mark, Tapse said.

The NSE companies that fell the astir included HCL Technologies (4.59 per cent), Tech Mahindra (4.18 per cent), Wipro (3.78 per cent), Hindalco Industries (3.53 per cent) and Shriram Finance (3.22 per cent).

Analysts expect volatility to stay successful the marketplace this week up of the Federal Open Market Committee (FOMC) gathering connected January 28-29 and Union Budget 2025-26 announcement connected February 1.