Indian stock markets witnessed a downturn today, with the Sensex falling over 400 points and the Nifty dipping below the 24,950 mark. This decline comes after the markets were closed on Monday, January 26, 2026, for India's Republic Day.
The BSE Sensex opened at 81,436.79, a drop of 100.91 points, while the Nifty50 showed a marginal increase, opening at 25,063.35, up by 14.70 points. On Friday, the Nifty had already dropped 241.25 points, closing at 25,048.65, and the BSE Sensex declined 769.67 points, settling at 81,537.70.
Among individual stocks, Adani Enterprises bucked the trend with a rise of 3%, while Mahindra & Mahindra (M&M) experienced a slide of 4%. M&M's share price is currently at Rs 3,543.40, a decrease of 0.85% from its previous closing price of Rs 3,573.70.
In the broader market, the Nifty SmallCap 100 index fell by 0.26%, and the Nifty MidCap 100 index was down by 0.13%. Sectorally, Nifty Metal emerged as the top gainer, increasing by over 1%, whereas Nifty Auto was the biggest drag, falling by nearly 1.5%.
On the Bombay Stock Exchange (BSE), Axis Bank, UltraTech Cement, and Adani Ports were among the top gainers. Conversely, Kotak Mahindra Bank, Eternal, and M&M were among the top losers.
The GIFT Nifty on the NSE IX was trading higher by 76 points, at 25,165.50, hinting at a potentially positive start for Dalal Street today. Investors are also closely monitoring the formal announcement of the India-European Union (EU) free-trade agreement (FTA).
