Stock Market Today: Sensex & Nifty Plunge, Rupee Hits Record Low – Shocking Decline!

Stock Market Today: Sensex & Nifty Plunge, Rupee Hits Record Low – Shocking Decline!

Stock Market Today witnessed a dramatic decline, with both Sensex and Nifty tanking due to pressure from real estate, financial services, and consumer durables stocks. Investors woke up to a stormy trading session on Monday, January 13, as the stock market crashed shortly after opening, further exacerbated by the rupee hitting an all-time low against the dollar.

Stock Market Today

Sensex and Nifty Performance in the Stock Market Today

At 9:20 am IST, the benchmark BSE Sensex took a significant hit, tumbling by 677.22 points, or 0.88%, bringing it down to 76,701.69 points. Similarly, the broader NSE Nifty experienced a steep fall of 212.90 points, or 0.91%, settling at 23,218.60. The stock market painted a gloomy picture, primarily driven by concerns about the rupee’s performance and overall market sentiment.

This sharp decline in the stock market today coincided with the rupee hitting an all-time low of 86.3537 per dollar, as per Bloomberg data. The surge in the US dollar is being attributed to strong job data in the US, leading to a continued rally in the currency. Consequently, this has put additional pressure on the Indian stock market.

Key Losers in the Stock Market Today

Several stocks bore the brunt of the market crash in the Stock Market Today. Among the 30 Sensex stocks, Zomato Ltd emerged as the top loser, falling by 2.86% and trading at ₹236.05. Following closely was Mahindra & Mahindra Ltd, which dropped by 2.13%, trading at ₹3,026.05, and Power Grid Corporation of India Ltd, which saw a decline of 2.07%, trading at ₹293.60.

Here’s a detailed look at the top stock losers from the NIFTY Midcap 100 index:

Stock Market Today

Stock Market LIVE Updates | Nifty Midcap 100 Index Down 2.6%
NIFTY Midcap 100 Top Stock Losers (Intra-day)

CompanyCMPChg(%)VolumeLink
Kalyan Jeweller₹582.00-7.14%10.73mKalyan Jewellers
PB Fintech₹1,734.95-6.87%1.28mPB Fintech
Rail Vikas₹366.50-6.81%4.21mRail Vikas
APL Apollo₹1,430.00-5.96%310.56kAPL Apollo
HINDPETRO₹366.20-5.73%6.39mHINDPETRO
Phoenix Mills₹1,571.20-5.36%519.57kPhoenix Mills
COFORGE LTD.₹8,900.85-5.35%417.92kCOFORGE LTD.
Bharat Dynamics₹1,139.00-5.12%309.60kBharat Dynamics
Mankind Pharma₹2,600.00-5.11%732.45kMankind Pharma
Max Healthcare₹1,093.20-4.93%910.35kMax Healthcare
Solar Ind₹9,076.75-4.76%54.87kSolar Ind
One 97 Paytm₹808.65-4.61%6.78mOne 97 Paytm
L&T Finance₹133.00-4.51%5.05mL&T Finance
JSW Infra₹296.10-4.14%810.58kJSW Infra
PI Industries₹3,467.45-4.07%204.04kPI Industries
Tata Tech₹800.75-4.00%1.01mTata Tech
Astral Ltd₹1,502.35-3.97%313.69kAstral Ltd
Prestige Estate₹1,434.55-3.88%436.28kPrestige Estate
CG Power₹625.10-3.86%2.54mCG Power
Cochin Shipyard₹1,377.95-3.71%301.41kCochin Shipyard

In contrast, only two Sensex stocks managed to stay afloat in the Stock Market. IndusInd Bank Ltd gained 2.05%, trading at ₹956.80, and Axis Bank Ltd showed a slight increase of 0.44%, trading at ₹1,045.40.

Stock Market Today

Sector Performance in the Stock Market Today

The performance of individual sectors in the Stock Market Today was equally disheartening. Nifty Realty led the decline, dropping by 2.06% and reaching 943.50. The Nifty Midsmall Financial Services index followed suit, falling by 1.84% and reaching 14,730.20. Nifty Consumer Durables also faced a steep drop of 1.61%, ending at 39,930.70.

Even sectors that showed resilience in the previous week, such as IT, experienced a fall in the Stock Market. Nifty IT, which had gained significantly in the previous week, fell by 0.44%, reaching 44,413.20.

Previous Session Recap of the Stock Market Today

Looking back at the previous session, the stock market today mirrored the broader trend of declines. On Friday, January 10, 2025, the market closed in the red, with the Sensex down by 241.30 points or 0.31%, closing at 77,378.91, and the Nifty down by 95 points or 0.4%, closing at 23,431.50.

IT stocks were the shining light in an otherwise dim session. Tata Consultancy Services Ltd. (TCS) led the pack, up by 5.67%, trading at ₹4,265.55. Tech Mahindra Ltd., HCL Technologies Ltd., and Infosys Ltd. all showed positive performances, keeping the IT sector in the green despite the downward spiral of other sectors in the stock market today.

Stock Market Today

Rupee Hits Record Low in the Stock Market Today

One of the most alarming aspects of the Stock Market Today was the rupee’s depreciation, reaching an all-time low of 86.3537 per dollar. This decline was largely due to the rally in the US dollar, buoyed by positive jobs data. The weakening rupee has added to the woes of the Indian stock market, leading to a bearish trend across all sectors in the stock market.

The fall of the rupee is expected to have far-reaching effects on the Indian economy, especially in terms of imported goods and inflation. The Stock Market Today reflects investors’ concerns about these future challenges, contributing to the widespread sell-off.

Stock Market Today: Impact on Global Markets

The decline in the Stock Market is part of a larger global trend. Asian markets followed a similar downward trajectory, with Japan’s Nikkei 225 falling by 1.04% and Hong Kong’s Hang Seng index dropping by 1.12%. European markets also showed signs of opening lower as investors braced for potential ripple effects from the Stock Market Today.

The global economic outlook remains uncertain, and the Stock Market Today is a reflection of the broader challenges facing economies worldwide, including inflationary pressures, monetary policy changes, and geopolitical tensions.

Stock Market Today

What to Expect Going Forward in the Stock Market Today

As the stock market continues to experience volatility, experts advise investors to proceed with caution. Analysts suggest keeping an eye on global economic indicators and the performance of the rupee against the dollar to gauge future market trends.

It is expected that the stock market today may continue to face pressure if the rupee remains weak and global market conditions do not improve. Investors are advised to stay informed about market updates and remain patient during these uncertain times.

Conclusion

In summary, the stock market has seen a steep decline, with Sensex and Nifty tumbling due to pressure from various sectors and the rupee hitting a record low. Key stocks have been hit hard, while only a few have shown resilience. The broader global market trends and the weakening rupee suggest that the Stock Market will likely remain volatile in the near future. Investors must remain cautious and vigilant as market conditions continue to evolve.