Sensex nosedives 770 points; Nifty drops to crucial 25,000 level:Adani Ports, Eternal, Indigo amongst the biggest draggers; rupee falls to 92 per dollar mark for 1st time

The Indian stock indices closed in a heavy selling mode on Friday, January 23, 2026. After a positive opening at the morning bell, Sensex settled down nearly 770 points to 81,537.70 points. Nifty plunged to the crucial 25,000 level. Today there was selling in banking, energy and FMCG shares. Additionally, the Indian rupee hit a record low of 92 against the US dollar in intraday trade (mid-session trading) on Friday. Fluctuations may continue until Budget 2026 Market experts believe that fluctuations will continue in the coming days. The market is trying to catch a major trend before the budget to be presented on February 1. According to technical experts, the 25,000 level is a strong support for Nifty. If the market goes below this, the decline could increase further. Investors are currently advised to stay cautious and invest only in selected large-cap shares. Uptrend in Global Market Foreign investors sold shares worth ₹2,549 crore on January 22 Market was bullish on Thursday
Earlier on January 22, the stock market was bullish. Sensex closed 398 points higher at 82,307. Nifty also showed strength with a gain of 132 points. It closed at the level of 25,290. ​