Sensex Falls 1,600 Points, Nifty Below 24,700
Sensex Falls 1,600 Points, Nifty Below 24,700
Indian equity markets witnessed a sharp sell-off, with the Sensex plunging more than 1,600 points and the Nifty 50 slipping below the 24,700 mark during intraday trade. Broad-based losses were seen across sectors as investors reacted to global cues and profit-booking pressure.
Sensex Tanks Over 1,600 Points
The BSE Sensex opened weak and extended losses through the session, dropping over 1,600 points at its lowest level of the day. Heavyweight stocks across banking, IT and financial services dragged the index lower. Market breadth remained negative, with a majority of stocks trading in the red.
The sharp decline marked one of the steepest single-day falls in recent months, reflecting heightened volatility and risk-off sentiment among investors.
Nifty 50 Slips Below 24,700
The NSE Nifty 50 also mirrored the downturn, breaching the 24,700 level amid sustained selling pressure. All major sectoral indices were trading lower, including Bank Nifty, IT, auto, metal and pharma stocks. Mid-cap and small-cap shares also faced significant declines, indicating widespread weakness.
Traders cited global market weakness, concerns over interest rates and foreign investor outflows as contributing factors behind the sell-off.
All Sectors Trade in the Red
Sector-wise, banking and financial stocks led the losses, followed by IT and capital goods counters. Defensive sectors such as FMCG and healthcare also saw declines, suggesting a broad market correction rather than stock-specific weakness.
Market participants are closely watching global developments and upcoming economic data releases for cues. Analysts said near-term volatility may continue, with key support levels now in focus for both Sensex and Nifty 50.
