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Sensex, Nifty Fall Amid Global Jitters and Mixed Earnings

Indian equity benchmarks, Sensex and Nifty, closed lower on Monday, dragged down by stock-specific pressure following quarterly results from major companies like Reliance Industries and HDFC Bank. Global sentiment weakened after former US President Donald Trump threatened tariffs on European nations, adding to market uncertainty. Sectorally, realty, oil & gas, and media indices faced significant selling pressure, while defensive sectors like FMCG saw some buying. Analysts expect stock-specific volatility and consolidation to continue amid mixed corporate earnings and global cues.

Key Points: Sensex, Nifty End Lower on Weak Global Cues

  • Heavy selling in heavyweight stocks
  • Weak global sentiment post-Trump warning
  • Realty and Oil & Gas sectors under pressure
  • Defensive FMCG stocks see buying
2 min read

Sensex, Nifty end lower amid weak global cues

Indian markets closed lower as Reliance, HDFC Bank results dragged indices. Global uncertainty and sectoral weakness contributed to the decline.

"Immediate support is placed at 25,494 (today's low), followed by a deeper support zone at 25,400-25,350, - Market Expert"

Mumbai, Jan 19

Indian stock markets ended lower on Monday as heavy selling in select heavyweight stocks dragged the benchmarks down, while global cues also remained cautious.

The decline was largely led by stock-specific pressure after quarterly results from major companies such as Reliance Industries, ICICI Bank, and HDFC Bank, which emerged as the biggest drags on the market.

At the close, the Sensex ended at 83,246.18, down 324.17 points or 0.39 per cent. The Nifty settled at 25,585.5, falling 108.85 points or 0.42 per cent.

The Nifty remained under bearish control, with the index sustaining below the 20 EMA throughout the session.

"Immediate support is placed at 25,494 (today's low), followed by a deeper support zone at 25,400-25,350," an expert stated.

"Intra-day action reflects profit booking and underlying weakness, leaving Nifty vulnerable to further downside unless a sharp rebound emerges above the 25,600-25,700 zone," as per the analyst.

Global sentiment remained weak during the session after US President Donald Trump threatened to impose taxes on several European countries.

The warning came after some European nations opposed his bid to acquire Greenland, adding to uncertainty in global markets and weighing on investor mood.

Sector-wise, realty, oil and gas, and media stocks witnessed selling pressure. The Nifty Realty index slipped nearly 2 per cent, while Nifty Oil & Gas fell about 1.56 per cent.

The Nifty Media index also declined sharply, ending the day down 1.84 per cent. Some buying interest was seen in defensive pockets.

The Nifty FMCG index gained 0.67 per cent, supported by select consumer stocks, while the Nifty Auto index edged up marginally by 0.13 per cent.

In the broader market, weakness persisted as well. The Nifty Midcap 100 index closed 0.37 per cent lower, while the Nifty Smallcap index underperformed, falling 0.99 per cent.

Analysts said that market participants remained cautious amid mixed corporate earnings and rising global uncertainties, leading to a subdued close for Indian equities.

"With the Q3 earnings season progressing, stock‑specific volatility is likely, particularly where performance has been mixed," the analyst said.

"Given the blend of global uncertainty and domestic triggers, markets are expected to remain in a consolidation zone," as per the experts.

- IANS

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Reader Comments

P
Priya S
Feeling the pinch today! My mutual fund SIPs are in the red. 😅 But staying invested for the long term. These global headlines about Trump and Europe create unnecessary volatility for our markets. Focus should be on domestic economic recovery.
R
Rohit P
Reliance, HDFC Bank, ICICI dragging the index down... when these giants sneeze, the whole market catches a cold. Their results were a bit of a mixed bag. Hope the support at 25,400 holds, otherwise we might see more selling pressure.
S
Sarah B
Working in Mumbai's BKC, the mood was definitely cautious today. The analysts are right about consolidation. With the budget next month and global tensions, it's a wait-and-watch game. Smallcaps underperforming is a concern for retail investors like me.
V
Vikram M
A respectful criticism: The media often amplifies these daily movements too much. For the common investor, these 0.4% dips and rises are just noise. The focus should be on long-term stories like manufacturing, PLI schemes, and infrastructure spending, not just Trump's latest tweet.
K
Karthik V
Realty and media sectors getting hammered. Not surprising given the high valuations and slower-than-expected recovery in some segments. Auto edging up is a slight positive signal. Let's see if the upcoming budget gives any sector-specific boosts.

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