A huge fall was seen in the Indian stock market on Thursday. Sensex and Nifty50 closed with losses for the fourth consecutive day. The stock market has fallen more than 1600 points in just four days. Nifty also fell by 2 percent, which is a fall of almost 400 points. On January 2, the Sensex had closed at 85,762.01, and today, January 8, it closed at 84,180, a fall of almost 1600 points. Similarly, Nifty closed at 25876, down 400 points in four trading days. On Thursday, BSE Sensex fell 780 points or 0.92 per cent to 84,181, while NSE Nifty fell 264 points or 1.01 per cent to 25,877. Selling pressure continued till the end of the trading session, due to which the market capitalization of BSE declined by about ₹8.1 lakh crore.
huge loss to investors
Based on market capitalization of BSE, investors’ wealth declined to ₹471.82 lakh crore from ₹479.94 lakh crore in the previous session, a decline of ₹8.11 lakh crore. Market indices remained under pressure due to the performance of large companies like Reliance Industries, Larsen & Toubro (L&T), Tata Consultancy Services (TCS), Infosys, Airtel, State Bank of India, HDFC Bank, Tata Steel and Tech Mahindra.
Threat of 500% tariff
To increase pressure on Russia, a new bill, ‘Sanctioning Russia Act of 2025’, has been introduced in the US, which proposes to impose tariffs of up to 500 percent on those buying Russian oil. This is being described as a big step by President Donald Trump. The purpose of this bill is to increase economic pressure on Russia. Under this proposal, imposition of up to 500 percent tariff on countries like India, China and Brazil is being considered. This possibility has caused a huge decline in the stock market. All but four of the top 30 BSE Sensex stocks closed in the red. The biggest loser was L&T, whose shares fell 3.35%, Tech Mahindra fell 2.94% and TCS fell 2.74%. Marginal gains were seen in shares of Zomato and ICICI Bank.
189 stocks hit 52-week low
A total of 189 stocks hit their 52-week low. Stocks included in the BSE500, such as Afcons Infrastructure, AWL Agri Business, BASF India, Bata India, Blue Jet Healthcare, Clean Science & Technology, Cohansa Lifesciences, and Colgate Palmolive (India), fell and hit their respective one-year lows. Meanwhile, 113 stocks hit new 52-week highs. Of the 4,366 stocks, 3,157 fell and 1,039 rose, while 170 remained unchanged. Foreign institutional investors (FIIs) were net sellers of ₹1,668.80 crore during the previous session, while domestic institutional investors (DIIs) were net buyers of ₹2,991.95 crore.