The Indian stock market witnessed a sharp across-the-board selloff on Thursday, January 8, mirroring weak global market sentiment. The Sensex suffered its biggest single-day fall in over four months, in percentage terms, while the Nifty 50 breached 25,900 on the downside.
A massive selloff dragged the 30-share pack Sensex to 84,180.96, down 780 points, or 0.92%. Data from Capitalmarket shows it is the biggest single-day fall of the index since August 26, 2025, when the index suffered a loss of 1.04%.
The Nifty 50 ended the day with a loss of 264 points, or 1.01%, at 25,876.85. The BSE Midcap and Smallcap indices crashed 2% each.
Investors lost about ₹8 lakh crore in a single session as the overall market capitalisation of BSE-listed firms dropped to below ₹472 lakh crore from nearly ₹480 lakh crore in the previous session.
It was the fourth consecutive session of losses for the frontline indices. The Sensex has plunged 1,581 points, or 1.84%, while the Nifty 50 has declined 1.72%.
Indian stock market: 10 key highlights from the day
1. Why is the Indian stock market falling?
Renewed concerns over Trump tariffs spooked investors. According to Republican Senator Lindsey Graham, US President Donald Trump has backed the Russia sanctions bill, which could raise US tariffs to at least 500% on countries that buy Russian oil.
Geopolitical uncertainties, foreign capital outflows, and caution ahead of Q3 earnings remain other key concerns contributing to the market downtrend.
“Domestic markets extended losses as sentiment turned cautious amid renewed concerns over US tariffs and persistent FII outflows, overshadowing optimism around earnings growth,” Vinod Nair, Head of Research, Geojit Investments, observed.
“Metal shares declined on profit booking following a retreat in global prices, while oil and gas stocks fell on worries over the US-Venezuela crisis. In the near term, markets are expected to remain cautious and trade range-bound, influenced by Q3 earnings and developments on US tariffs,” Nair said.
(This is a developing story. Please check back for fresh updates.)
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