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T-factor: Sensex tanks by 1,200 pts, ₹7L cr wiped out
The New Indian Express Kalaburagi
|January 22, 2025
INDIA'S equity markets fell sharply on Tuesday as investors turned cautious after the newly sworn-in US President, Donald Trump, slapped trade tariffs on goods entering from neighbouring countries.
The benchmark BSE Sensex fell 1,235.08 points or 1.60% to settle at 75,838.36. This is the first time in seven months that the index has closed below the 76,000 mark. The NSE Nifty fell 320.10 points or 1.37% to close at 23,024.65.
The big selloff wiped out more than ₹7 lakh crore of investors' wealth, as the total market capitalisation of BSE-listed firms came down to ₹424.3 lakh crore on Tuesday, from ₹431.6 lakh crore earlier.
In the broader market, the BSE Midcap and BSE Smallcap indices dropped 2% each.
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