BIZ DESK
Indian stock markets continue to sell-off as earnings season begins to gather steam. The Nifty 50 index ended 320 points lower, just above the mark of 23,000. The Sensex, on the other hand, shed as much as 1,230 points on Tuesday, January 21.
The BSE Sensex today (Jan 21) crashed 1,432 points to hit an intraday low of 75,641.87. The NSE Nifty today, too, tumbled 367.90 points to hit a low of 22,976.85 level.  At close the BSE Sensex finished off 1235.08 points lower or 1.60 per cent down to settle at 75,838.36, while NSE Nifty50 settled at 23,024.65 with a loss of 320.10 points or 1.37 per centÂ
Dragging the benchmark indices today were large-cap stocks like Zomato, Adani Ports, Reliance Industries (RIL), State Bank of India (SBI), Bajaj Finance, ICICI Bank, Tata Steel, and Bharti Airtel. These stocks were top Sensex losers today, down up to 11 per cent at the time of writing this report.
At the National Stock Exchange (NSE), stocks of Apollo Hospitals Enterprise, Tata Consumers, BPCL, Shriram Finance, and JSW Steel emerged as the top gainers while the top losers included Trent, NTPC, ICICI Bank and Adani Ports.
On BSE, the midcap and smallcap indices shed 2 per cent each.
In the broader markets, the Nifty MidCap and SmallCap indices declined around 1.6 per cent each. Market breadth is extremely negative with the advance-decline ratio showing two stocks falling for every one stock rising in the market.