The stock market has been thriving over the past two years, but there's still plenty of uncertainty among investors. The Federal Reserve Bank of New York estimates that there's around a 29% chance of a recession in the next 12 months,

The Indian stock market experienced a severe downturn on Tuesday, January 21, as global uncertainties and domestic factors led to a sharp selloff.

ICICI Bank, Reliance Industries, Trent, SBI, and M&M share prices saw maximum dent and contributed most to Nifty 50′ fall. Among the sectoral index, the Nifty Consumer Durables and Realty extended their fall, dropping 3%, each.

BSE Sensex and Nifty50, the Indian equity benchmark indices, tanked in trade on Tuesday. While BSE Sensex crashed over 1,300 points, Nifty50 went below 23,000 briefly.

The Indian stock market witnessed a major crash today, with the BSE Sensex crashing over 1,000 points from its daily high and the NSE Nifty slipping below the 23,200 mark. The crash was mainly led by a sharp fall in banking and metal stocks.

The stock market plummeted towards the end of the trading session on Tuesday, January 21, 2025. At 3:45 pm IST, the benchmark BSE Sensex tanked by 1,235.08 points, or 1.60%, reaching 75,838.36. The broader NSE Nifty fell by 320.