Why Sensex fell today: Reliance, ICICI and Wipro drag Indian stocks as Trump’s Greenland tariff threat bites
Indian shares slipped on Monday, weighed down by Reliance Industries, ICICI Bank, and HDFC Bank after their quarterly earnings. Adding to the pressure, new U.S. tariff threats targeting Greenland hit market sentiment. The BSE Sensex dropped 324.17 points, or 0.39%, closing at 83,246.18, while the NSE Nifty 50 declined 0.42% to 25,585.5. “Markets are expected to remain in a consolidation zone,” said Vinod Nair, head of research at Geojit Investments. The drop hits at a tricky time—earnings season—when a handful of big names can sway the entire market. “In index-heavy markets, a few mega-caps can make earnings feel like a macro event,” noted a Finimize market report.
