In a notable market decline, the Sensex experienced a significant drop, closing at an intraday low. This downturn was marked by a decrease in the Nifty index as well, reflecting broader concerns in the market.
The Sensex fell over 800 points, closing at 74,493.97, while the Nifty dropped below 22,550, decreasing by 247.55 points. This decline represented a 1.08 percent decrease for both indices, influenced by worries regarding US economic growth and increasing tariff threats from President Donald Trump.
- All major sectoral indices faced losses.
- Financial and IT stocks were particularly affected, declining by 1.4% and 2.2%, respectively.
Significant losers included:
- HCL Tech
- IndusInd Bank
- Zomato
- Tech Mahindra
- Tata Consultancy Services
- ICICI Bank
- HDFC Bank
- Power Grid
Conversely, the Nifty Pharma index saw a slight increase, rising nearly 0.5%. Market sentiment was further weakened by ongoing selling from foreign institutional investors, adding to domestic concerns and reflecting a broader trend of weak global cues.
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