At the end of the day, the Sensex was down around 324 points, or 0.39%, at 83,246.18, while the Nifty was down 109 points, or 0.42%, at 25,585.50, as risk appetite eased.
Here’s how analysts read the pulse of the market:
Global risk appetite weakened after US President Donald Trump announced fresh tariff threats against eight European nations, reigniting concerns over a potential US-EU trade dispute, said Vinod Nair, head of research at Geojit Investments, adding that the development triggered a broader risk-off mood in global equity markets, prompting investors to turn to safe havens like gold.
“Meanwhile, select Asian markets, particularly China, are showing relative resilience, supported by favorable macro indicators and stronger than expected export-led GDP growth. Domestically, sentiment remains cautious amid ongoing FII outflows. The Q3 earnings season is ahead, where stock-excitability performance in particular has picked up. Overall, given a mix of global uncertainty and domestic triggers, markets It is expected to remain in the consolidation zone,” Nair said.
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US markets
US markets were closed on January 19 as the country observed Martin Luther King Jr. Day.
European markets
In Europe, the STOXX 600 index fell 1.2%. Blue-chip indexes in Frankfurt, Paris and London were down 0.4% to 1.7%.
Trump said he would impose an additional 10% tariff on goods imported from Denmark, Norway, Sweden, France, Germany, the Netherlands, Finland and Britain from February 1, rising to 25% from June 1 if no deal is reached on Greenland.
Major EU states denounced the tariff threats as blackmail, and France proposed responding with a series of previously unanticipated economic retaliation. The European Union and Britain agreed on a trade deal with the US last year.
Tech View
The Nifty remained under bearish control throughout the session, with the index staying below the 20 EMA, said Rupak De, senior technical analyst at LKP Securities, adding that intraday volatility continued and every rise was sold and RSI continued in bearish crossover and the index closed at multi-day lows.
“Market fears remained elevated as India indicated a rise in VIX. In the near term, the index may move lower with a possible downside target around 25,200, while resistance is placed near 25,700,” Dee said.
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Most active stocks in terms of turnover
HDFC Bank (Rs 3,543 crore), ICICI Bank (Rs 3,202 crore), RIL (Rs 2,886 crore), Eternal (Rs 2,359 crore), NetWeb Technologies (Rs 2,260 crore), Jindal So (Rs 2,158 crore) and Tech Mahindra at Rs 13.13 crore are the most active stocks. (TechR13) shares were. BSE in terms of value. High activity in a counter in terms of value can help identify counters with the highest trading turnover in a day.
Most active stocks in terms of volume
Vodafone Idea (traded shares: 56.4 crore), Yes Bank (traded shares: 19.55 crore), Jindal So (traded shares: 12.2 crore), IFCI (traded shares: 11.2 crore), Punjab National Bank (traded shares: 8.63 crore), Eternal:T3 and 8.3 crore shares. shares: 6.58 crore) was one of the most actively traded stocks in terms of volume on the NSE.
Stocks show interest in buying
Shares of Jindal Saw, Welspun Corp, JSW Infrastructure, CG Power & Industrial Solutions, ABB Power, Interglobe Aviation and Polycab India witnessed strong buying interest from market participants.
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52 week high
Over 97 stocks touched their 52-week highs today while 438 stocks slipped to their 52-week lows. Among those hitting their 52-week highs were Axis Bank and Bank of India.
Selling pressure is seen in stocks
Stocks that saw significant selling pressure were Wipro, RBL Bank, IDBI Bank, MRPL, HBL Power, Reliance Infrastructure and Jubilant Pharma.
Sentiment meter bearish
Market sentiment was bearish. Out of 4,483 stocks traded on BSE on Monday, 3,075 stocks declined, 1,226 stocks gained, while 182 stocks remained unchanged.
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(Disclaimer: Recommendations, suggestions, views and opinions given by experts are their own. These do not represent the views of Economic Times)
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