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Stock market crash: Sensex tumbles 650 points, Nifty down 150

Jan 21, 2025 11:12 AM IST

Stock market crash: Consumer durables, real estate, and mid and small cap financial services stocks pulled down the stock market during the early trading hours

Stock market crash: The stock market tumbled down into the red during the early trading hours of Tuesday, January 21. At 10:40am, the benchmark BSE Sensex was down by 648.90 points or 0.84%, reaching 76,424.54.

Stock market crash: People walk past the Bombay Stock Exchange (BSE) building in Mumbai, India, March 9, 2020(Francis Mascarenhas/Reuters)
Stock market crash: People walk past the Bombay Stock Exchange (BSE) building in Mumbai, India, March 9, 2020(Francis Mascarenhas/Reuters)

Meanwhile, the broader NSE Nifty was down by 149.15 points or 0.64%, reaching 23,195.60.

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The market had however, opened on an optimistic note into the green.

Which stocks fell and rose the most?

Among the 30 Sensex stocks, Zomato Ltd fell the most by a huge 10.98%, trading at 214.50. This was followed by Adani Ports and Special Economic Zone which fell 1.96%, trading at 1,126.55, and Reliance Industries ltd which fell 1.71%, trading at 1,282.65.

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Zomato had just released its third quarter financial results for the financial year 2024-25 yesterday. It reported a 57% fall in net profit despite its revenues rising 64%, due to mounting expenses.

Only 3 out of the 30 Sensex stocks were in the green.

Those were UltraTech Cement Ltd which rose 0.84%, trading at 10713.90, ITC Ltd which was up 0.51%, trading at 440.00, and HCL Technologies Ltd which was up 0.50%, trading at 1,804.80.

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Which sectors fell the most?

Among the Nifty Sectoral Indices, Nifty Consumer Durables fell the most by 3.38%, reaching 38,384.40. This was followed by Nifty Realty which fell 2.67%, reaching 920.10, and Nifty Midsmall Financial Services which fell by 2.05%, reaching 15,292.30.

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