Sensex, Nifty Crash Wipes Out ₹16 Lakh Crore
Indian equity markets saw a sharp sell-off, with the BSE Sensex and NSE Nifty 50 falling steeply and erasing around ₹16 lakh crore in investor wealth. The decline came amid broad-based selling across sectors, dragging key indices lower through the trading session.
Adani Group Stocks Hit Hard
Shares of several Adani Group companies were among the biggest losers during the downturn, adding to the pressure on benchmark indices. Heavyweight stocks across banking, metals, energy and infrastructure also declined, reflecting weak risk appetite among investors.
What Drove The Fall
Market participants pointed to global uncertainties, including geopolitical tensions and weak cues from overseas markets, as major triggers. Continued selling by foreign institutional investors and a weaker rupee further weighed on sentiment. Midcap and smallcap stocks underperformed the benchmarks, deepening the overall market weakness. Analysts said volatility may persist in the near term as investors track global developments and policy signals.
