Closing bell: Stocks fell amid concern over US trade policy

Closing bell: Stocks fell amid concern over US trade policy

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The domestic benchmark indices ended lower on Monday, January 27, weighed down by weak global cues and concerns over US trade policy.

The BSE Sensex tumbled 824.29 points, or 1.08%, to close at 75,366.17. Likewise, Nifty crashed 263.05 points, or 1.14%, to end at 22,829.15.

Nifty IT lost 3.36%, dragged mainly by Coforge, Persistent Systems, LTIMindtree, which fell more than 5% each. All the 10 constituents closed deep in red.

The selling was more intense in the broader market, with Nifty Smallcap 100 falling 3.84%, Nifty Midcap 100 declining 2.75% and Nifty Microcap 250 crashing 3.41%.

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