Bear Run on D-Street: In response to global market pressure, share markets plunged 750 points, with the Sensex touching 75,447 and the Nifty settling below 22,900.
On January 27, the Indian stock market suffered a major spillover. The Sensex crashed by 750 points (0.98%) before closing at 75,447, while the Nifty dropped 227 points (0.98%) to end at 22,865. During the selloff phase, the BSE Midcap index lost three percent, and the Smallcap index dropped more than four percent. FMCG stocks provided the market's only positive performance despite banking and IT stocks bearing the brunt of sales and a worrisome price descent.
Stock market sentiment deteriorated due to weak corporate performance,d unresolved pressure from foreign investors to sell, a negative global market developments. Foreign Portfolio Investors (FPIs) maintained their selling pattern throughout January 2025 and pulled out a massive amount totalling ₹69,080 crores. Market performance faced additional pressure from the U.S.-India trade relationship and the emergence of a Chinese AI system with open-source capabilities that equalled ChatGPT.
Rising geopolitical tensions pushed U.S. stock futures downward throughout global markets. Market futures for the Nasdaq Composite and the S&amp;P 500 experienced a 2% and 1%, decline respectively. Canadian economic indicators revealed conflicting global market sentiments: Hong Kong's Hang Seng rose 0.9%, but the Nikkei in Japan sank 0.3%, and New Zealand's benchmark declined 0.6%.
ICICI Bank separated itself from other negative financial trends by achieving a 0.6% gain after showing strong profitability results during its latest quarter. Bharat Electronics, JSW Steel BPCL IndusInd Bank, and Power Grid Corp joined Bharat Electronics as major Nifty 50 laggards that decreased by 1-2%. CreditAccess Grameen's stock price plummeted 17% when the company announced updated forecaster figures that revealed difficulties reaching pre-established targets for growth during the full fiscal year.
Technical analysts fear Nifty approaches an important support threshold at 23,000 points. With the Nifty 50's current position Prashanth Tapse from Mehta Equities suggests upcoming support will activation at 21,281," predicted him.
U.S. Federal Reserve rate decisions scheduled for January 29 create additional market uncertainty. There are no planned immediate interest rate shifts however investors strongly anticipate the forthcoming statements from the Federal Reserve about its upcoming monetary policy framework. Investor sentiment remains guarded because only five trading sessions remain until the Union Budget on February 1.
The overall market uncertainty was offset by modest gains between 0.5-2% in FMCG stocks, including Britannia, HUL and ITC Industries. CLN Energy received subscription offers on January 27, securing market attention from retail investors and institutions participating in the process.
Corporate financial statements and international market developments will heavily influence the direction of the Indian market for the upcoming week market participants should approach investments cautiously since the current volatility features pessimistic market trends.

Sensex drops 750 points and Nifty slips below 22,900 amid global uncertainties, tepid earnings, and foreign outflows. Broader markets tumble up to 4%.

Sensex Crashes 750 Points, Nifty Below 22,900 | Current News