Indian Markets Face ₹9.46 Lakh Crore Wipeout: Sensex Crashes 1,066 Points Amid PhonePe IPO Nod and Jio’s Mega Valuation Plans
The Indian stock market witnessed its sharpest single-session decline in nine months on January 20, 2026, as the Sensex plummeted 1,066 points. Despite the bloodbath, major structural moves including PhonePe's IPO approval and Jio Platforms' $182 billion valuation target signal long-term corporate resilience.