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Taking Stock: Market selloff deepens; Sensex crashes 1,066 pts, Nifty below 25,250

All the sectoral indices ended in the red with Realty index falling 5%, while auto, IT, media, metal, PSU Bank, pharma, oil & gas, consumer durables fell 1.5-2.5 percent.

January 20, 2026 / 16:11 IST
Market Today
Snapshot AI
  • Sensex fell 1065 points, Nifty dropped 353 points amid broad market sell-off
  • All sectoral indices ended in red, Realty index fell 5 percent
  • 700+ stocks hit 52-week lows, including Aditya Birla Fashion and Godrej Properties

Dalal Street witnessed a sharp sell-off on January 20, with benchmark indices plunging more than 1 percent each, dragging the Nifty below the 25,200 mark, intraday, amid concerns over global trade tensions, mixed quarterly earnings, weak global cues, a falling rupee, broad-based selling, and continued FII outflows.

At close, the Sensex was down 1065.78 points or 1.28 percent at 82,180.47, and the Nifty was down 353 points or 1.38 percent at 25,232.50.

Selling pressure was more pronounced in the broader market, with the BSE Midcap and Smallcap indices falling over 2 percent each, underperforming the benchmark indices.

Also Read: December quarter earnings muted so far as labour code impact weighs on results

Biggest Nifty losers were Eternal, Bajaj Finance, Coal India, Adani Enterprises, Jio Financial, while gainers included Tata Consumer Products, Dr Reddy's Lab and HDFC Bank.

In today's market fall, the market capitalisation of BSE-listed companies fell by nearly Rs 10 lakh crore to Rs 455.72 lakh crore from Rs 465.68 lakh crore.

All the sectoral indices ended in the red with Realty index falling 5%, while auto, IT, media, metal, PSU Bank, pharma, oil & gas, consumer durables fell 1.5-2.5 percent.

Also Read - One-fifth of Nifty 50 stocks see flat to negative returns over three years

IndexPricesChangeChange%
Sensex76,034.420.00 +0.00%
Nifty 5023,639.150.00 +0.00%
Nifty Bank55,100.950.00 +0.00%
Nifty 50 23,639.15 0.00 (0.00%)
Fri, Mar 13, 2026
Biggest GainerPricesChangeChange%
Coal India470.1023.35 +5.23%
Biggest LoserPricesChangeChange%
M&M3,031.20-137.00 -4.32%
Best SectorPricesChangeChange%
Nifty Energy36834.35695.85 +1.93%
Worst SectorPricesChangeChange%
Nifty Auto25098.00-828.00 -3.19%

In stocks, Bharat Heavy Electricals (BHEL) shares fell 4% on missing Q3 estimates, Ola Electric Mobility shares plunged 8% on CFO resignation, Hindustan Zinc shares added 3% on better earning and rising silver prices, Aditya Birla Fashion shares slipped 6% post 4.35 crore shares change hands, LTIMindtree shares down 7% after Q3 profit slipped 11%, Deepak Nitrite shares added 4% after arm started second hydrogenation plant at Dahej.

Also Read - Base metals rally on supply crunch, AI-infra demand; experts see selective upside ahead

More than 700 stocks hit 52-week low including Aditya Birla Fashion, Aditya Birla Real Estate, Godrej Properties, Praj Industries, Lodha Developer, Zee Entertainment, Newgen Software, Relaxo Footwear, Network 18, Tejas Networks, NCC, Action Construction, Inox Wind, Indian Hotels, Jyothy Labs, Cohance Life, Concord Biotech, among others. Click to View More

Outlook for January 21

Rupak De, Senior Technical Analyst at LKP Securities

Bears resumed control as bulls were increasingly marginalised amid ongoing transatlantic trade tensions. Supports looked fragile as the Nifty kept breaking them on the back of strong institutional selling.

Indicators remained in a bearish crossover and are approaching the oversold zone. On the daily chart, the index appears to be drifting towards the 200-DMA. Immediate support is seen around 25,100–25,150. If this level holds, a decent pullback can be expected.

Rajesh Bhosale, Equity Technical Analyst, Angel One

On the weekly expiry day, Nifty began on a negative note and as prices broke below key support levels, a cascading sell-off ensued, leading to sharp declines through the session. Eventually, Nifty ended the day with a loss of 1.38%, closing tad above the 25200 mark.

Over the last 15 days, Nifty has erased more than 1,100 points and in the process has broken multiple key support levels, indicating that weakness may persist in the near term. On the daily chart, prices have slipped below the November swing low and also closed below the golden retracement level (61.8%) of the entire upmove from the September swing low near 24600. On the indicators front, the RSI Smoothened has entered the oversold zone below 25 for the first time since August; however, considering the broad-based nature of the sell-off, attempting to catch the bottom may be premature.

From a levels perspective, prices are now at a knocking distance of the long-term 200-DSMA, with 25100–25000 emerging as a crucial support zone for the coming sessions. On the flip side, given the sharpness of the recent decline, identifying a precise resistance zone is challenging; nevertheless, the 25500–25600 region is likely to act as a stiff hurdle.

While oscillators are deeply oversold and prices have approached long-term support levels ahead of the key Budget session, we would prefer to remain cautious and not rush to call a bottom until clear reversal signals or a base formation emerge.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decision.

Rakesh Patil
first published: Jan 20, 2026 03:49 pm

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