Frontline indices, the Sensex and the Nifty 50, extended losses to the third consecutive session on Wednesday, January 21, amid heightened geopolitical uncertainties, relentless FII selling, and mixed Q3 earnings.
The Sensex fell 271 points, or 0.33%, to end at 81,909.63, while the Nifty 50 settled at 25,157.50, down 75 points, or 0.30%. The BSE Midcap and Smallcap indices lost 1% and 0.80%, respectively.
Investors lost about ₹2 lakh crore in a single session as the overall market capitalisation of BSE-listed firms dropped to ₹454 lakh crore from ₹456 lakh crore in the previous session.
Indian stock market: 10 key highlights from the day
1. What drove the Indian stock market down today?
The Indian stock market witnessed an across-the-board selloff amid persisting geopolitical and geoeconomic uncertainties, relentless FII selling, mixed Q3 earnings, and the rupee’s weakness against the US dollar.
(This is a developing story. Please check back for fresh updates.)
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