Fairness benchmarks tumbled to their lowest ranges in eight months on Monday, with the Nifty prone to recording its longest shedding streak since 1996, as weak US financial information and tariff issues triggered a broad market sell-off.
The BSE Sensex plunged 856.65 factors or 1.14 per cent to shut at 74,454.41, whereas the broader NSE Nifty 50 declined 242.55 factors or 1.06 per cent to finish at 22,553.35. Within the final 5 buying and selling periods, the BSE barometer misplaced 1,542.45 factors or 2 per cent, and the Nifty tanked 406.15 factors or 1.76 per cent.
If the Nifty closes February within the pink, it might mark its fifth consecutive month-to-month decline — a bearish sample final seen 28 years in the past.
IT shares led the market rout, with the sector index dropping over 2 per cent. Wipro emerged as the most important loser, falling 3.70 per cent, adopted by HCL Applied sciences (-3.41 per cent), TCS (-3.04 per cent), and Infosys (-2.87 per cent). Bharti Airtel additionally declined 2.39 per cent.
“The market is extra involved in regards to the US’s probably transfer to reciprocate greater tariff levies on exporting nations, which might affect growing nations together with India,” mentioned Prashanth Tapse, Senior VP (Analysis) at Mehta Equities Ltd.
Gold shines
Towards this backdrop of fairness market weak spot, gold discovered assist, gaining ₹150 to achieve ₹86,175. “Gold traded inside a spread, supported by Comex gold holding above $2,925 and shifting towards $2,945,” famous Jateen Trivedi of LKP Securities, including that rupee weak spot supplied extra assist to MCX gold.
The broader market sentiment remained decisively adverse, with declining shares outnumbering advancing ones by greater than two to at least one on the BSE. Out of 4,200 shares traded, 2,810 declined whereas 1,207 superior, and 183 remained unchanged. Notably, 283 shares hit 52-week lows in comparison with simply 61 touching 52-week highs.
Some sectors confirmed resilience amid the carnage. M&M topped the gainers’ checklist, rising 1.54 per cent, adopted by Dr Reddy’s Laboratories (1.14 per cent), Eicher Motors (1.09 per cent), Hero MotoCorp (0.82 per cent), and Nestle India (0.45 per cent).
“World headwinds proceed to weigh on the home market, with persistent volatility inflicting uncertainty amongst retail buyers,” famous Vinod Nair, Head of Analysis at Geojit Monetary Providers. He added that weak US client sentiment and tariff issues might additional stress export-oriented sectors comparable to IT.
The Indian rupee additionally weakened by 0.05 to 86.71 in opposition to the US greenback. “Rupee traded weak, pressured by a powerful greenback index and FII sell-off in secondary markets,” mentioned Trivedi.
Overseas Institutional Traders (FIIs) offloaded equities price ₹3,449.15 crore on Friday, based on alternate information.
Overseas buyers have pulled out over ₹23,710 crore from fairness markets to date this month, pushing complete outflows previous ₹1 lakh crore in 2025 amid rising international commerce tensions.
Technical analysts pointed to additional weak spot forward. “The Nifty has damaged down from a bearish flag and pole sample, signaling the beginning of a correction,” mentioned Rupak De, Senior Technical Analyst at LKP Securities. He recognized instant assist at 22,450, with potential for additional decline towards 22,200 if this stage is breached.
Trying forward, market consultants see some potential aid. “The tempo of earnings downgrades is anticipated to ease, supported by elevated authorities spending, decrease rates of interest, and tax reductions. These components are probably to offer a lift to sectors comparable to FMCG, client discretionary, and banking,” Nair added.
The volatility index, India VIX, confirmed a marginal decline of 0.60 per cent to 14.44, suggesting some easing in market worry ranges regardless of the sharp decline in fairness costs.
Commodities
World oil benchmark Brent crude rose 0.04 per cent to $74.46 a barrel.
Gold merchants shall be intently watching the Core PCE Value Index, a key US financial indicator, this week. The valuable steel faces resistance at ₹86,450-₹86,600 and has assist at ₹85,500-85,200, based on Trivedi.
