Mumbai, Jan 21 || The Indian benchmark indices continued their losses on Wednesday, tracking persistent global risk-off sentiment, continued foreign fund outflows and mixed earnings cues.
As of 9.30 am, the Sensex lost 168 points, or 0.20 per cent to reach 82,012 and the Nifty declined 28 points, or 0.11 per cent to 25,204.
Main broadcap indices performed in line with benchmark indices, with the Nifty Midcap 100 losing 0.18 per cent, and the Nifty Smallcap 100 easing 0.11 per cent.
Sectorally, indices were trading mixed, with Nifty metal and pharma being the notable gainers -- up 0.83 per cent and 0.86 per cent, respectively. IT and chemicals were among major losers, down 0.81 per cent and 1.21 per cent, respectively.
Immediate support lies at 25,050–25,100 zone, while resistance is now anchored near 25,350–25,400 zone, market watchers said.
US President Donald Trump threatened to impose 200 per cent tariffs on French wine and Champagne, said Vikram Kasat, Head Advisory, PL Capital.
Analysts said the stock selloff in US markets amid Trump's renewed Greenland-related threats makes sense if investors are adopting a risk-off approach.