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Sell-off in Indian shares intensifies as geopolitical risks, weak earnings fuel risk-off sentiment

ReutersJan 21, 2026 6:14 AM

India's Nifty 50 .NSEI and Sensex .BSESN slide 0.7% and 0.8%, respectively

Benchmarks hit fresh three-month lows, down over 4% in January

Nifty and Sensex dropped 1.4% and 1.3% on Tuesday in biggest daily pct decline in eight months

U.S. President Donald Trump's tariff threats on EU members over Greenland leading to risk-off sentiment globally, say analysts

Weak domestic earnings, persistent foreign outflows and lack of clarity on India-U.S. trade deal also dragging down shares, while rupee hits fresh record low against dollar

Heavyweight financials .NIFTYFIN and IT .NIFTYIT drop 1.1% and 1.2%, respectively; all 16 major sectors ease

Small-caps .NIFSMCP100 drop 1.7% to fresh eight-month low, while mid-caps .NIFMDCP100 fall 1.8% to three-month low

Bucking the weakness among stocks, CreditAccess Grameen CRDE.NS and Indiamart Intermesh INMR.NS jump 10.2% and 2.2% on upbeat Q3 results

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