Last Updated on January 23, 2026 8:58 pm by BIZNAMA NEWS
AMN / BIZ DESK
Indian equity markets witnessed another sharp fall on Friday, capping the worst weekly performance in months. The NSE Nifty50 slipped 241 points or 0.95% to close at 25,048.65, while the BSE Sensex dropped 769 points or 0.94% to settle at 81,537.7. Since touching record highs on January 5, the Nifty has shed 5% and the Sensex has lost over 4,300 points.
Market breadth remained weak, with 2,861 stocks declining against 1,259 advances on the BSE, underscoring broad-based selling pressure.
Realty & Media Lead Sectoral Losses
All major sectors closed in the red. Realty stocks bore the brunt, plunging 3.3%, followed by Media at 2.5%. The weakness highlights investor caution in interest-sensitive and discretionary segments.
Adani Group Under Fire
Adani group shares nosedived after reports that the US Securities and Exchange Commission (SEC) is seeking judicial clearance to advance its stalled fraud case. Adani Green Energy tanked 10%, while Adani Energy Solutions and Adani Enterprises fell 9% each. Adani Total Gas and Adani Power also slipped over 7%.
The SEC lawsuit, filed in November 2024, alleges Gautam and Sagar Adani violated US securities laws by making misleading representations about Adani Green Energy Ltd. The development reignited investor concerns, dragging the broader market lower.
FPI Selloff Intensifies
Foreign portfolio investors (FPIs) continued their selling spree, offloading ₹31,334 crore worth of equities this month alone. This follows a massive ₹1.66 trillion net selling in 2025.
VK Vijayakumar, Chief Investment Strategist at Geojit Investments, noted that the persistent FPI outflows coupled with domestic institutional buying remain the dominant trend. Investors now await clarity from the Union Budget on February 1, which could offer market-friendly cues.
Tepid Q3 Earnings
Early-bird corporate results for Q3FY26 (Oct-Dec 2025) disappointed, with single-digit revenue growth despite GST rate cuts. Sensex trailing EPS rose just 1.3% year-on-year — the weakest in 17 quarters, reflecting subdued demand and margin pressures.
Geopolitical Overhang
Global uncertainties added to investor anxiety. While US President Donald Trump stepped back from tariff threats on Europe and announced a “framework” deal over Greenland, lingering geopolitical tensions kept Dalal Street on edge.
Disclaimer: AMN NEWS advises readers to consult certified experts before making investment decisions.
