Indian equity markets witnessed a sharp decline on Monday amid weak global cues and uncertainties over US trade policies which dampened domestic investors&rsquo; sentiment.&nbsp;
At the closing bell, the BSE Sensex shed 824 points or 1.08% at 75,366, while the NSE Nifty50 slipped 263 points or 1.14% at 22,829.
On the 30-stock Sensex, only six stocks managed to stay in the green. ICICI Bank led the gainers with a 1.75% rise, followed by the SBI, Hindustan Unilever, Asian Paints, UltraTech Cement, and Maruti Suzuki India.
However, the majority of stocks faced losses like Zomato, Tech Mahindra, HCLTech and Tata Motors.
Similarly, on the Nifty50, 10 stocks traded higher. Britannia Industries emerged as the top gainer, rising 1.93%, followed by ICICI Bank, Hindustan Unilever, Larsen &amp; Toubro and Nestle India.
On the losing side, Bharat Electronics Limited (BEL) dropped 2.68%, followed by HCLTech, JSW Steel and Trent.&nbsp;
Sectoral performance was largely negative. The Media index led the losses, falling 3.83 per cent, followed by the Pharma index, which declined 2.35%, and the IT index, which shed 2.19%.
The only exception was the PSU Bank index, which ended the day by showing a marginal gain of 0.12%.
Broader markets experienced even sharper losses. The Nifty Midcap 100 fell 2.25%, while the Nifty Smallcap 100 tumbled 3.51%.
According to Rupak De of LKP Securities, the index slipped from its recent consolidation on the daily chart, heightening pessimism across the Indian equity market.&nbsp;
&ldquo;Sentiment is likely to favour bearish trades in the short term, particularly as long as the index remains below 23,000. On the lower side, the prevailing weakness could potentially lead to a decline toward 22,500,&rdquo; he mentioned.
Meanwhile, Asian markets saw mixed reactions. Hong Kong&rsquo;s Hang Seng Tech Index rose 2%, but Japan&rsquo;s Nikkei 225 futures dropped 0.6%.&nbsp;
India's volatility index, the India VIX, climbed 7.36% to 17.98.&nbsp;
Gold experienced volatile trading as the first session of the week saw profit booking, with Comex gold encountering resistance near $2,770 but maintaining strong support around $2,750, showcasing resilience to break below that level.
&mdash;IANS

Nifty50 slipped 263 points or 1.14%   (File Photo)

Companies like Zomato, Tech Mahindra, HCL Tech & Tata motors have faced loss

Indian Stock Market Falls; Sensex Shed 824 Points

Companies like Zomato, Tech Mahindra, HCL Tech & Tata motors have faced loss

January 27, 2025 | 17:06 IST