Today, on Monday, January 27, 2025, the stock market faced a major crash during the early morning trading. The biggest drops were seen in media, healthcare, and smaller tech companies.
By 10:30 AM IST, the popular BSE Sensex index was down by 764.08 points, or 1%, bringing it to 75,426.38. The Nifty index also dropped by 237.00 points, or 1.03%, reaching 22,855.20.
What stocks took the biggest fall?
Out of the 30 stocks tracked by the Sensex, Zomato Ltd faced the biggest decline, dropping 3.38% to ₹208.50. Power Grid Corporation of India Ltd fell by 2.96% to ₹287, and HCL Technologies Ltd decreased by 2.47% to ₹1,749.20. Only four out of the 30 Sensex stocks saw gains, including ICICI Bank, Hindustan Unilever, Nestle India, and Maruti Suzuki.
How did different sectors perform?
Looking at the Nifty sectors, the Media Index dropped the most, falling by 4.29% to 1,572.90. Healthcare followed, decreasing by 3.86% to 39,200.65, and the IT & Telecom sector dropped by 3.46% to 10,325.50.
How did the week finish on Friday?
Last week ended with a decline as well, with the Sensex closing down 329.92 points, or 0.43%, at 76,190.46. The Nifty index also fell by 113.15 points, or 0.49%, to 23,092.20.
In the previous session, Mahindra & Mahindra dropped the most, down by 2.92% to ₹2,801.00. Zomato also fell by 2.75% to ₹215.80, while Tata Motors decreased by 2.48% to ₹733.90.
Among Nifty sectors last week, media stocks fell 2.60% to 1,643.40, and the healthcare index dropped 2.37% to 40,773.75. The media index saw Zee Entertainment drop by 3.44%, while Syngene International in the healthcare sector fell by a shocking 5.97%.
What does this mean?
The markets are seeing tough times as many investors remain cautious. Keep an eye on how things evolve in the next few days!
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