Sensex sinks 770 pts, Nifty below 25,100

The Indian equity indices traded on a negative note on Friday with Nifty below 25,100 as sustained foreign selling weighed on sentiment.At close, the Sensex was down 769.67 points or 0.94 percent at 81,537.70, and the Nifty was down 241.25 points or 0.95 percent at 25,048.65. About 1295 shares advanced, 2736 shares declined, and 139 shares unchanged.

#Indian markets slipped on the week’s last session as realty and broader stocks dragged benchmarks lower, while FMCG and pharma offered limited support. pic.twitter.com/FexqONQ8zc

— newsinc24 (@newsinc24) January 23, 2026

Dr Reddy's Labs, Tech Mahindra, ONGC, Hindalco, HUL were the top gainers on the Nifty, while losers included Adani Enterprises, Adani Ports, Eternal, Interglobe Aviation, Cipla.On the sectoral front,all the sectoral indices ended in the red with capital goods, power, realty, PSU Bank, media down 2-3%. The BSE midcap index shed 1.5 percent and smallcap index fell 2 percent.
Rupee Close:
On 23 Jan'26,the Indian hit an all-time low of 91.96 on Friday against the US dollar, amid selling pressure from foreign funds and risk-off sentiment in global markets.Forex traders said the Indian rupee gave up early gains and hit a record low of 91.99 per US dollar in intraday trade due to weak domestic markets and persistent foreign fund outflows. Moreover, gains in crude oil prices and a surge in US treasury yields weighed on the rupee.
Trading Guide:
Vinod Nair, Head of Research, Geojit Investments stated Indian equity markets went on a sell off mode despite an optimistic global market and supportive domestic PMI data. Sentiment weighed down on uptick crude oil prices, a sharp depreciation of the rupee to record lows, FII selling and earnings delivery falling marginally short of expectations amid premium India valuations.Realty and PSU bank stocks underperformed on execution-related delays and profit booking, while Adani Group stocks came under pressure amid reports of potential summons by the US regulator.Looking ahead, market sentiment is likely to remain cautious as investors position for the upcoming Union Budget and the US Fed’s interest rate decision, where expectations are muted.
Market experts recommended five shares to buy on Friday-Apl Apollo Tubes, Ashok Leyland, Federal Bank, Nestle India, and Campus Activewear.

(Business Correspondent)