Mumbai | January 19, 2026
Indian equity markets closed sharply lower on Monday, weighed down by global tariff uncertainty, a weakening rupee, and continued foreign capital outflows. Benchmark indices Sensex and Nifty both ended in the red after heavy selling in heavyweight stocks including Reliance Industries, Eternal, and ICICI Bank.
The 30-share BSE Sensex slipped 324.17 points, or 0.39%, to 83,246.18, after falling as much as 672.04 points during intraday trade to hit 82,898.31.
The NSE Nifty declined 108.85 points, or 0.42%, to close at 25,585.50.
Traders noted that lingering concerns over global tariff developments, combined with weakness in the rupee and persistent foreign investor outflows, intensified selling pressure. The rupee crossed the ₹91 per dollar mark for the second time in a month during intraday trade, before settling 14 paise lower at ₹90.92 against the US dollar (provisional).
Sensex: Major Losers and Gainers
Among the 30 Sensex constituents, ICICI Bank, Eternal, Titan, Adani Ports, Tata Consultancy Services, and UltraTech Cement were among the top laggards.
On the other hand, InterGlobe Aviation, Tech Mahindra, Hindustan Unilever, and Bajaj Finance ended the session with gains, offering some support to the index.
Reliance Industries down 3.04%
Shares of Reliance Industries dropped 3.04% after the company posted a flat net profit of ₹18,645 crore for the third quarter. Lower gas production and weakness in its retail segment offset gains in other business divisions.
ICICI Bank slips 2.26%
ICICI Bank shares declined 2.26% after the lender reported a 2.68% fall in consolidated profit for the December quarter, dropping to ₹12,537.98 crore.
The decline followed an RBI-mandated provision of ₹1,283 crore for agricultural loans mistakenly classified under priority sector lending.
Standalone profit also fell more than 4% to ₹12,883 crore for the quarter.
Global Market Overview
Asian markets saw mixed trends:
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South Korea’s KOSPI and Shanghai’s SSE Composite closed higher.
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Japan’s Nikkei 225 and Hong Kong’s Hang Seng ended lower.
European markets traded sharply lower, reflecting nervous sentiment across global equities.
US markets had also closed slightly lower on Friday.
