Mumbai : Benchmark indices Sensex and Nifty experienced significant selling pressure on January 6, driven by a decline in PSU bank and consumer stocks following tepid quarterly updates from key players. Weak trends in Asian markets, including declines in major indices in Shanghai and Hong Kong, further amplified the market downturn.
In this context, several prominent stocks in the 30-share blue-chip pack, such as Tata Steel and Kotak Mahindra Bank, recorded substantial losses, while Titan and Bajaj Finance emerged as a few gainers during the session.
As of 2.12 PM, the Sensex had plunged 1,146.42 points (1.45%) to 78,076.69, and the Nifty was down 357.55 points (1.49%) at 23,647.20 points. Market breadth reflected the bearish sentiment, with 580 stocks advancing, 2,989 declining, and 81 remaining unchanged. Investor wealth amounting to approximately ₹8 lakh crore was wiped out, according to exchange data.