Stock Market Today: Sensex, Nifty see profit booking in trade.
Business
M
Moneycontrol06-01-2026, 15:45

Market Plunges: Geopolitical Tensions, Tariffs & Profit Booking Sink Sensex, Nifty

  • Sensex fell 376 points to 85,063, Nifty dropped to 26,175 amid profit booking and FII outflows.
  • Key factors include HDFC Bank's decline after Q3 updates and US tariff threats against India over Russian oil.
  • Geopolitical tensions from Venezuelan President Nicolas Maduro's arrest and rising India VIX fueled market nervousness.
  • FIIs sold equities worth Rs 36.25 crore, adding pressure on domestic markets.
  • Experts advise caution and higher cash positions due to heightened uncertainty and volatility.

Why It Matters: Indian markets declined sharply due to global tensions, tariff concerns, profit booking, and FII selling.

More like this

Loading more articles...