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Representational image of the BSE building in Mumbai | Photo Credit: Reuters
Besides, weakness in the rupee and unabated flight of foreign capital from Indian equities also made investors jittery, traders said.
The 30-share BSE Sensex declined 324.17 points, or 0.39%, to settle at 83,246.18. During the day, it tumbled 672.04 points, or 0.80%, to 82,898.31.
The 50-share NSE Nifty declined 108.85 points, or 0.42%, to 25,585.50.
From the 30-Sensex firms, Reliance Industries dropped 3.04%t after the company reported a flat net profit of ₹18,645 crore for the third quarter, as a decline in gas production and weakness in its retail business offset gains in other segments.
ICICI Bank, Eternal, Titan, Adani Ports, Tata Consultancy Services and UltraTech Cement were also among the laggards.
ICICI Bank dipped 2.26% after its consolidated profit for the December quarter declined 2.68% to ₹12,537.98 crore, hit by an RBI-mandated ₹1,283-crore provision for agricultural loans wrongly classified as priority sector advances.
On a standalone basis, the country’s second-largest lender reported an over 4% decline in the October-December profit at ₹12,883 crore.
However, InterGlobe Aviation, Tech Mahindra, Hindustan Unilever and Bajaj Finance were among the gainers.
In Asian markets, South Korea’s Kospi index and Shanghai’s SSE Composite index settled higher, while Japan’s Nikkei 225 index and Hong Kong’s Hang Seng index ended lower.
European markets were trading significantly lower. U.S. markets ended marginally lower on Friday.
“Global risk appetite weakened after US President Donald Trump announced new tariff threats against eight European nations, reigniting concerns of a potential US–EU trade dispute. This development triggered a broad risk-off mood across global equity markets, prompting investors to rotate toward safe-haven assets like gold,” Vinod Nair, Head of Research, Geojit Investments Limited, said.
Domestically, sentiment remains cautious amid ongoing FII outflows. With the Q3 earnings season progressing, stock-specific volatility is likely, particularly where performance has been mixed, he added.
The rupee breached the 91-a-dollar mark for the second time in a month before ending 14 paise down at 90.92 (provisional) against the greenback.
Brent crude, the global oil benchmark, dropped 1.22% to $63.35 per barrel.
Foreign institutional investors offloaded equities worth ₹4,346.13 crore on Friday, while Domestic Institutional Investors (DIIs) bought stocks worth ₹3,935.31 crore, according to exchange data.
On Friday, the Sensex climbed 187.64 points or 0.23% to settle at 83,570.35. The Nifty rose 28.75 points or 0.11% to 25,694.35.
Published – January 19, 2026 05:00 pm IST
