Jan 21, 2025 11:12 AM IST
Stock market crash: Consumer durables, real estate, and mid and small cap financial services stocks pulled down the stock market during the early trading hours
Stock market crash: The stock market tumbled down into the red during the early trading hours of Tuesday, January 21. At 10:40am, the benchmark BSE Sensex was down by 648.90 points or 0.84%, reaching 76,424.54.
Meanwhile, the broader NSE Nifty was down by 149.15 points or 0.64%, reaching 23,195.60.
Also Read: Groww’s parent company Billionbrains Garage Ventures eyes ₹6,500 crore IPO this year: Report
The market had however, opened on an optimistic note into the green.
Which stocks fell and rose the most?
Among the 30 Sensex stocks, Zomato Ltd fell the most by a huge 10.98%, trading at ₹214.50. This was followed by Adani Ports and Special Economic Zone which fell 1.96%, trading at ₹1,126.55, and Reliance Industries ltd which fell 1.71%, trading at ₹1,282.65.
Also Read: X and Bluesky launch new video feeds amid TikTok’s uncertain future
Zomato had just released its third quarter financial results for the financial year 2024-25 yesterday. It reported a 57% fall in net profit despite its revenues rising 64%, due to mounting expenses.
Only 3 out of the 30 Sensex stocks were in the green.
Those were UltraTech Cement Ltd which rose 0.84%, trading at ₹10713.90, ITC Ltd which was up 0.51%, trading at ₹440.00, and HCL Technologies Ltd which was up 0.50%, trading at ₹1,804.80.
Also Read: Donald Trump’s meme coin soars on his first day in office, lifts up other cryptocurrencies
Which sectors fell the most?
Among the Nifty Sectoral Indices, Nifty Consumer Durables fell the most by 3.38%, reaching 38,384.40. This was followed by Nifty Realty which fell 2.67%, reaching 920.10, and Nifty Midsmall Financial Services which fell by 2.05%, reaching 15,292.30.
Recommended Topics
