Bloodbath on Dalal Street: Nifty’s sharpest drop in 9 months wipes out ₹10 lakh crore

Indian shares ended Tuesday’s session with deep cuts, as the Nifty logged its biggest single‑day fall since April 2025, sliding 1.4% to close at 25,233—its lowest level in three months. The broader 50-share NSE frontline index briefly breached the 25,200 mark intraday before recovering marginally. The benchmark 30-share BSE Sensex also tumbled 1,066 points to end at 82,180, reflecting broad-based weakness across sectors.

Market sentiment remained decisively negative, with all sectoral indices closing in the red with the realty and defence stocks bearing the sharpest losses. The selloff wiped out more than ₹10 lakh crore in BSE-listed market capitalisation, underscoring volatility and the intensity of the decline. Market breadth leaned heavily towards losers, with the advance-decline ratio at 1:6.

#MarketAtClose

| #ITC, #TataMotorsPV, #Trent hit fresh 52-week lows today

▶️#Sensex falls 1,066 points to 82,180 & #Nifty 353 points to 25,233

▶️#Midcap Index slips 1,562 points to 58,085 & Nifty Bank 487 points to 59,404

▶️#SunPharma, #Eternal, #BajajFin, #CoalIndia, #JioFin… pic.twitter.com/9QcXckU9G2

— CNBC-TV18 (@CNBCTV18Live) January 20, 2026

On the Nifty50, 48 stocks ended in the red, and 23 fell more than 2%. Heavyweights like Sun Pharma, Eternal, Bajaj Finance, Coal India, and Jio Financial slipped between 3–5%, contributing significantly to the index’s drag. Meanwhile, ITC, Tata Motors’ passenger vehicle arm, and Trent hit fresh 52-week lows during the session.

Earnings disappointments amplified the pain. LTIMindtree plunged nearly 7% after reporting a 31% QoQ decline in Q3 net profit. Newgen Software fell 15% following a 23% QoQ profit slump.

Among midcaps, Oberoi Realty and UPL dropped more than 8% each after their Q3 results, while SRF slipped over 4% from the day’s highs post-earnings. AB Life and AB Fashion also declined 3–5% following block deals.

In the broader market, Ola Electric extended its losing streak—now down more than 28% in 10 sessions—after the resignation of its CFO. A lone bright spot was Hindustan Zinc, which gained over 3% as silver prices hit record highs.

The rupee ended at 90.98 per dollar, slightly weaker than Monday’s close of 90.91.

#RupeeAtClose | Rupee ends at 90.98/$ against Monday’s close of 90.91/$ pic.twitter.com/PUgA7SyU3n

— CNBC-TV18 (@CNBCTV18Live) January 20, 2026