Closing Bell: It's a bloodbath on Dalal Street on January 24

The Indian market experienced a bloodbath today on cues of the weak global market and the fear of increasing new cases of Omicron variant.

The Indian market experienced a bloodbath today on cues of the weak global market and the fear of increasing new cases of Omicron variant. The BSE Sensex fell by 2.62 per cent to a level of 57,491.51. Similarly, the BSE MidCap witnessed a fall of 952 points to a level of 23,998 points i.e. by 3.82 per cent. The BSE SmallCap index also had a freefall of 1,328 points and landed at 28,638 levels down by 4.43 per cent. 

The top gainers on BSE Sensex were ABB India, Cipla, Ingersoll-Rand, and Lupin gaining more than 2 per cent each. Whereas, the top loser on the index was TCI, Angel one, NIIT, Just Dial, and Greaves Cotton, all recording more than 9 per cent fall each.

The total stocks traded today were 3,706 out of which 511 advanced and 3,072 stocks declined, 123 stocks were unchanged. The number of stocks that were locked in an upper circuit is 259 and the number of stocks that were locked in the lower circuit today was 920. The BSE metal and realty sector were the worst-hit sectors falling by more than 5 per cent each. India Vix index closed at 22.7, up by 20 per cent.