Indian stock markets experienced a sharp fall on Friday, January 17, 2025, after three days of consecutive gains. The BSE Sensex tumbled 780 points or 1% to an intraday low of 76,263.29, while the NSE Nifty50 dropped 211.45 points or 0.9%, reaching 23,601.5.
At 1:30 PM, the 30-stock BSE Sensex saw a mixed performance, with 15 stocks gaining and the other 15 declining. Zomato led the gains, rising 2.58%, followed by Reliance Industries (2.39%), Power Grid Corp., Nestle India, and Tata Steel. On the flip side, Infosys plummeted 5.63%, while Axis Bank, Kotak Mahindra Bank, ICICI Bank, and Mahindra & Mahindra also saw significant declines.
Sectorally, the Nifty IT index was the biggest drag, dropping 2.46%, followed by the Private Bank index, which fell 2.13%. Other indices, such as Nifty Bank and Financial Services, also declined by 1.4% and 1.39%, respectively. Meanwhile, the Auto, Media, and PSU Bank indices posted losses, adding to the bearish sentiment in the markets.
