Overview
- At 1:02 pm on January 9, the Sensex fell 612.83 points to 83,568.13 as the Nifty slipped to 25,689.25, marking a fifth straight losing session.
- BSE market capitalisation fell by about Rs 12.44 lakh crore over the last five sessions, reflecting a broad erosion of investor wealth.
- Sentiment weakened on reports that Senator Lindsey Graham said President Donald Trump backed a bill that could allow tariffs of up to 500% on countries importing Russian oil, a move cited as a risk for India.
- Market breadth deteriorated with 2,951 decliners on the BSE and 273 stocks hitting 52-week lows, while mid- and small-cap gauges also retreated.
- Foreign investors were net sellers of Rs 2,544.47 crore in the prior session as domestic institutions bought Rs 2,817.93 crore, with metals, oil and gas, and commodity-linked shares leading losses as investors also tracked a pending US Supreme Court ruling on Trump-era tariffs.