On January 21, 2025, Indian equity markets faced substantial losses, reflecting global economic apprehensions. The BSE Sensex tumbled by 843.67 points, settling at 76,535.24, while the NSE Nifty declined by 258.8 points to close at 23,172.70.
A significant factor influencing this downturn was the announcement by U.S. President Donald Trump regarding potential 25% trade tariffs on neighboring countries, including Mexico and Canada. This development heightened global trade uncertainties, leading to cautious investor behavior in markets worldwide. In India, this sentiment was further exacerbated by continuous foreign institutional investor (FII) outflows, with approximately $6.7 billion withdrawn in January alone.
Sector-wise, financial stocks, which had previously shown resilience, experienced a 1% decline, contributing to the overall market slump. Additionally, small-cap and mid-cap stocks each recorded declines of about 1.7%, indicating a broad-based sell-off across the market spectrum.
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