Indian equity markets experienced a downturn on Monday, January 19, 2026, with key benchmark indices closing in negative territory. The BSE Sensex fell by 324.17 points (0.39%) to settle at 83,246.18, while the NSE Nifty 50 declined by 108.85 points (0.42%), closing below the 25,600 mark at 25,585.50. This market correction was attributed to a combination of factors, including cautious global sentiment, renewed concerns over potential global trade wars, and disappointing third-quarter earnings from several heavyweight companies. Major index heavyweights such as Reliance Industries, ICICI Bank, and HDFC Bank were significant drags on the market after announcing their Q3 results. Wipro also saw a substantial drop, plunging over 8% due to weak Q3 guidance. Sectorally, the Nifty Realty index was the worst performer, slipping 1.99%, followed by the Nifty Media index, which fell 1.84%, and the Nifty Oil & Gas index, declining 1.56% to 2%. In contrast, defensive sectors like FMCG and Auto showed some resilience, ending the day with marginal gains. The broader markets also reflected the negative sentiment, with the BSE Midcap index and BSE Smallcap index closing lower. Furthermore, persistent foreign institutional investor (FII) outflows also contributed to the subdued market mood.