7 months ago
Indian Stocks Plunge Amid Global Concerns
Indian stock markets are falling a lot.
The Sensex and Nifty 50, which are like report cards for the market, dropped a lot.
Some companies like Kalyan Jewellers are doing badly, while others like Groww and Hindustan Zinc are doing better.
People are worried about things like new US trade rules and how some companies are doing.
It's like when you're worried about a test and your friends are doing different things, some good and some not so good.
Indian stock markets are trading sharply lower, with the Sensex plunging over 1,000 points and the Nifty 50 slipping below 25,000.
Kalyan Jewellers' shares fell 14%, hitting a 52-week low, with a 25% drop over nine consecutive sessions.
Groww's shares rose 2% after announcing the pilot launch of Groww Prime, a new feature for managing mutual fund investments.
Hindustan Zinc's shares gained 3% after announcing plans to raise funds through non-convertible debentures.
Shoppers Stop's shares fell 12% after reporting a steep decline in net profit for Q3FY26.
- Who
- Indian stock markets, various companies
- What
- Stock market decline, individual company performances
- Where
- India
- When
- January 21, 2026
- Why
- Global and domestic concerns, including US trade tariffs and mixed corporate earnings
Key facts
- Sensex
- Plunged more than 1,000 points
- Nifty 50
- Slipped below 25,000 mark
- Kalyan Jewellers
- Fell 14%, 52-week low
- Groww
- Rose 2% after Groww Prime launch
- Hindustan Zinc
- Gained 3% on fund-raising plans
- Shoppers Stop
- Fell 12% after Q3 results
- CreditAccess Grameen
- Surged 11% on strong Q3 performance
Timeline
Analysts' bearish outlook on Kalyan Jewellers' expansion and debt sparked share price drop.
Strong Q3 results couldn't halt 9-day losing streak, triggered by debt concerns.
9-day slide continued despite 42% revenue hike and 36 new showrooms opened in Q3.
Share price crashes 14% in a day, extending losing streak to 9 sessions.
Quotes
Sunny Agrawal
Head of fundamental research at SBI Securities
“The recent selloff in Kalyan Jewellers could be due to mutual fund reshuffling and oversupply.”
livemint.com
An analyst at an equities brokerage
An analyst at an equities brokerage
“While there is downward pressure on the stock, there are limited buyers in the market for the stake that some shareholders want to exit.”
livemint.com
A person familiar with the developments
A person familiar with the developments
“The additional share pledge by the promoters was to comply with the requirements of an existing loan.”
livemint.com
Sources
Kalyan Jewellers shares sink 14%, extends losing streak to ninth session
Thangamayil Jewellery Q2 net profit more than doubles
Stocks making the biggest moves midday: Kalyan Jewellers, Groww, Hindustan Zinc and more
Kalyan Jewellers shares slide to 52 week low: Add on dips or avoid?
Kalyan Jewellers share price crashes 14%, sheds 25% in 9 consecutive sessions— Is it an opportunity to buy?
Beyond the Crash: Is Kalyan Jewellers underperformance a red flag?
Markets selloff: Kalyan Jewellers, Coforge, SRF and other key small and midcap losers
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