New Delhi, 11 January (H.S.): India's benchmark stock indices closed the trading week ending Friday with substantial losses, succumbing to unrelenting global pressures. Both BSE Sensex and NSE Nifty registered declines across all five trading sessions, with Sensex shedding 2,185.77 points to settle at 83,576.24 and Nifty plummeting 645.25 points to 25,683.30.The BSE Largecap Index mirrored the downturn, posting a 2.50% weekly erosion.
Top losers included IDBI Bank, Swiggy, Trent Limited, Adani Energy Solutions, and Varun Energy, while Titan Company, Union Bank of India, Bharat Electronics, ICICI Bank, Divis Laboratories, Solar Industries India, and Lupin emerged as leading gainers.
BSE Midcap Index fared marginally worse, declining 2.60% over the week. Notable underperformers encompassed Premier Energies, Mahindra & Mahindra Financial Services, Suzlon Energy, Jindal Stainless, Hindustan Petroleum Corporation, and Rail Vikas Nigam, contrasted by gainers Mankind Pharma, National Aluminium Company, Ipca Laboratories, and Tata Elxsi.
Smallcap stocks bore the brunt, with the BSE Smallcap Index cratering 4%—the steepest fall among segments. Widespread selling pressure afflicted most constituents, including Systematics Corporate Services, Worth Investment & Trading, Balu Forge Industries, Stallion India Fluorochemicals, Sandur Manganese & Iron Ores, VTM, Kiri Industries, Indian Metal & Ferro Alloys, Sai Silks Kalamandir, Ward Wizard Innovations & Mobility, Transformers & Rectifiers India, Bazar Style Retail, Kites Garments, Elecon Engineering Company, and Face 3, which plunged 15-23% weekly.
Sectorally, Nifty Oil & Gas, Energy, and Infrastructure indices tanked over 4%, while Realty, Metal, Media, and Automobile shed more than 2%. Nifty Defence eased 1.3%, and Consumer Durables closed 1% lower.
Market experts attribute the rout to sustained foreign investor sell-offs, U.S. President Donald Trump's threats of 500% tariffs, feeble global cues, and surging crude oil prices. Prashant Dhami, Vice President at Dhami Securities, highlighted Trump's endorsement of the Bipartisan Sanctions Bill targeting Russia's allies, proposing punitive tariffs up to 500% on nations sustaining trade with Moscow.
Passage could severely impact India and China.Export-oriented stocks faced relentless selling amid these fears. Foreign Institutional Investors (FIIs) offloaded ₹9,209.90 crore worth of equities, countered by Domestic Institutional Investors (DIIs) absorbing ₹17,594.58 crore, providing critical market support.
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Hindusthan Samachar / Jun Sarkar
