Stock markets opened weak today amid global pressures, with Sensex and Nifty posting sharp intraday declines.
Market Snapshot (Intraday)
Sensex: Down ~700 points (0.80%) at 82,898.31.
Nifty 50: Fell 0.80% to 25,494.35.
Market Cap: BSE-listed firms lost value, dropping to ~₹466 lakh crore.
Key Decline Drivers
President Donald Trump threatened 10% tariffs (rising to 25% by June 1) on eight European nations—including Denmark, Norway, Sweden, Germany, Great Britain, France, Netherlands, and Finland—until a Greenland purchase deal is reached, stoking trade war fears. Weak Q3 results from Reliance Industries (flat EBITDA due to muted retail) and ICICI Bank disappointed investors. FIIs sold over ₹22,000 crore in Indian equities this January amid caution. Pre-Budget jitters ahead of February 1, 2026, event worry about capex cuts for fiscal deficit control.
Top Losers
Reliance Industries, ICICI Bank, HDFC Bank, Sun Pharma, and Bharti Airtel dragged indices lower.
Experts advise a “wait-and-watch” approach until the Budget for investors amid uncertainty.