Sensex drops 245 points

Sensex drops 245 points

MUMBAI [Maha Media]: Equity benchmark indices Sensex and Nifty declined on Wednesday, extending their previous day's losses, due to weakness in IT, consumption, and select banking blue-chip stocks amid escalating geopolitical tensions.
    
Besides, persistent foreign fund outflows and fresh tariff-related uncertainties also unnerved investors, traders said.
    
The 30-share BSE Sensex dropped 244.98 points, or 0.29 per cent, to settle at 83,382.71. During the day, it fell 442.49 points or 0.52 per cent to 83,185.20.
    
The 50-share NSE Nifty declined 66.70 points, or 0.26 per cent, to 25,665.60.
    
From the 30-Sensex firms, Tata Consultancy Services, Asian Paints, Maruti, Sun Pharma, Hindustan Unilever, ICICI Bank, Kotak Mahindra Bank, Tech Mahindra, HDFC Bank and Larsen & Toubro were among the biggest laggards.
    
On the other hand, Tata Steel, NTPC, Axis Bank and UltraTech Cement were among the gainers.
    
Foreign institutional investors offloaded equities worth Rs 1,499.81 crore on Tuesday, and Domestic Institutional Investors (DIIs) bought stocks worth Rs 1,181.78 crore, according to exchange data.
    
In Asian markets, South Korea's Kospi index, Japan's Nikkei 225 index and Hong Kong's Hang Seng index settled higher, while Shanghai's SSE Composite index ended lower.
    
Markets in Europe were quoting higher. US markets ended lower on Tuesday.
    
Brent crude, the global oil benchmark, declined 0.99 per cent to USD 64.82 per barrel.
    
On Tuesday, the Sensex dropped 250.48 points or 0.30 per cent to settle at 83,627.69. The Nifty edged lower by 57.95 points or 0.22 per cent to 25,732.30.

Gold and silver prices touched fresh all-time highs for the third consecutive day on January 14, 2026. According to the India Bullion and Jewellers Association (IBJA), silver prices surged sharply, while gold continued its strong upward momentum.

Silver rose by Rs 14,145 in a single day to reach a new record of Rs 2,77,175 per kg. On Tuesday, silver had already hit a lifetime high of Rs 2,63,032 per kg. Overall, silver has become more expensive by over Rs 34,000 in just three days, reflecting strong demand and tight global supply.

Gold also touched a historic peak. The price of 24-carat gold increased by Rs 1,868 to Rs 1,42,152 per 10 grams, its highest level ever. On the previous day, gold was priced at Rs 1,40,482 per 10 grams.
 

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