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A view of the Bombay Stock Exchange Building from Dalal Street in Mumbai with a big screen showing stock news and prices of different stocks. File | Photo Credit: Getty Images
Besides, selling in financial, bank and consumption stocks amid ongoing weakness in the rupee also added to the pressure in the markets.
Recovering most of its sharp intra-day losses, the 30-share BSE Sensex settled 270.84 points or 0.33% lower at 81,909.63. The benchmark tanked 1,056.02 points, or 1.28%, to 81,124.45 during the day.
The 50-share NSE Nifty declined 75 points or 0.30% to 25,157.50.
From the 30-Sensex firms, ICICI Bank, Trent, Bharat Electronics, Axis Bank, HDFC Bank, Larsen & Toubro, State Bank of India and Maruti were among the biggest laggards.
In contrast, Eternal, UltraTech Cement, InterGlobe Aviation and Reliance Industries were among the gainers.
Foreign institutional investors offloaded equities worth ₹2,938.33 crore on Tuesday (January 20, 2026), while Domestic Institutional Investors (DIIs) bought stocks worth ₹3,665.69 crore, according to exchange data.
“Indian equity markets ended the session on a cautious to negative note as mixed cues from Asian peers and sharp losses in overseas markets, along with continued weakness in the rupee, kept investor risk appetite subdued,” Ponmudi R., CEO of Enrich Money, an online trading and wealth tech firm, said.
In Asian markets, Japan’s Nikkei 225 index settled lower, while South Korea’s Kospi index, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng index ended higher.
Markets in Europe were trading lower.
U.S. markets ended sharply lower on Tuesday (January 20, 2026). The Nasdaq Composite index tumbled 2.39%, the S&P 500 dropped by 2.06%, and the Dow Jones Industrial Average tanked 1.76%.
“Domestic markets were gripped by volatility as global risk factors dampened sentiment. However, value buying towards the close helped the market recover some early losses. The weakening rupee and uncertainties surrounding trade ties may prolong this volatility,” Vinod Nair, Head of Research, Geojit Investments Limited, said.
Brent crude, the global oil benchmark, dropped 1% to $64.27 per barrel.
On Tuesday (January 20, 2026), the 30-share BSE Sensex tumbled 1,065.71 points, or 1.28%, to settle at 82,180.47. The Nifty tanked 353 points or 1.38% to end at 25,232.50.
Published – January 21, 2026 04:25 pm IST
