Taking Stock: Market back in the red; Sensex plunges 802 points, Nifty below 21,550

BSE Midcap index shed 0.5 percent and Smallcap index ended on a flat note.

The Indian equity benchmark erased some of the previous session gains and ended lower in a volatile session on January 30 amid selling in heavyweights and capital goods, power and FMCG sectors.

The inventors adopted cautious approach ahead of the upcoming FOMC meeting, interim budget and escalating tensions in the Middle East.

At close, the Sensex was down 801.67 points, or 1.11 percent, at 71,139.90, and the Nifty was down 215.50 points, or 0.99 percent, at 21,522.10.

After a positive start, the market erased the gains in the initial hours itself and extended the losses as the day progress,, with the selling pressure intensifying in the last hour .

Stocks and sectors

Top Nifty losers were Bajaj Finance, Titan Company, UltraTech Cement, NTPC and Bajaj Finserv, while gainers were Tata Motors, BPCL, Grasim Industries, Eicher Motors and Adani Enterprises.

Among sectors, except realty and PSU bank, all indices ended in the red, with capital goods, FMCG, pharma and power down 0.5-1 percent.

The BSE midcap index shed 0.5 percent, while the smallcap index ended on a flat note.

Index	Prices	Change	Change%
Sensex	85,138.27	-503.63	-0.59%
Nifty 50	26,032.20	-143.55	-0.55%
Nifty Bank	59,273.80	-407.55	-0.68%

Nifty 50 26,032.20 -143.55 (-0.55%)

Tue, Dec 02, 2025

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
Asian Paints	2,954.40	86.80	+3.03%

Biggest Loser	Prices	Change	Change%
Interglobe Avi	5,697.50	-96.50	-1.67%

Best Sector	Prices	Change	Change%
Nifty Pharma	22905.00	17.20	+0.08%

Worst Sector	Prices	Change	Change%
Nifty Bank	59273.80	-407.50	-0.68%

Among individual stocks, a volume spike of more than 100 percent was seen in Coromandel International, Voltas and Bajaj Finserv.

A long build-up was seen in Zee Entertainment Enterprises, HPCL and BHEL, while a short build-up was seen in Coromandel International, Trent and Bajaj Finance.

Nearly 500 stocks touched their 52-week high on the BSE, including Apar Industries, Bank of India, BEML, BHEL, Birla Corporation, Godrej Industries, HPCL, HP Adhesives, Indian Bank, IRB Infrastructure,
JSW Holdings, LIC Housing Finance, Nippon Life India Asset Management, Oil India, Petronet LNG, Prime Focus, Savita Oil Technologies, Shakti Pumps, Shriram Finance, Star Cement, Tata Investment Corporation, Tata Motors DVR, UTI Asset Management Company. Click here for the full list

Outlook for January 31

Aditya Gaggar Director of Progressive Shares

As indicated yesterday, the Index performed on expected lines, making a Dark Cloud Cover candlestick pattern which is bearish evidently seen as the resistance level of 21,750 was served well with bears ruling throughout the day. The Index aggravated its losses to settle at 21,522.10 with a loss of 215.50 points. While PSU Banking continued to outperform; and on the flip side, profit-booking correction dragged the Energy segment lower.

Midcap index experienced selling pressure but outperformed the Nifty while Smallcap segment ended in the green. We believe majority of the damage is done with, forming a right shoulder of an Inverted Head & Shoulder formation. On the downside, a level of 21,460 will act as support while 21,680 will be immediate resistance.

Rupak De, Senior Technical Analyst, LKP Securities

Nifty exhibited volatility throughout the day, with a prevailing bearish trend. The daily chart indicates the formation of a dark cloud cover, implying a bearish outlook in the near term. Support is situated at 21500 on the lower end. A significant decline below this level could potentially initiate a correction in the market. Conversely, sustained trades above 21500 might lead to an upward movement in the market.

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