Indices end at a six-month low amid volatility, Nifty breaches 23,000 intraday for the first time since June 2024
Sensex Today | Stock Market Highlights: The Nifty breached the 23,000 mark intra-day for the first time since June 2024, closing at 23,025, down 320 points. The Sensex also shed 1,235 points to settle at 75,838.
Sensex Today | Stock Market Highlights: The Indian stock market plunged to a six-month low amid volatility. Foreign institutional investor (FII) selling continued to weigh heavily on the markets, with frontline indices losing 1-2%. BSE-listed companies collectively erased ₹7 lakh crore in market capitalisation, highlighting the depth of the sell-off.
Sectoral indices ended deep in the red, with the realty index emerging as the worst performer, dropping 4%. The Nifty Bank declined by 780 points to close at 48,571, while the midcap index tumbled 1,271 points to 53,835, underscoring the market-wide rout.
Several stocks faced intense selling pressure amid disappointing earnings and valuation concerns. Zomato, MCX, Oberoi, and Dixon Technologies each fell 10-15%. Weak commentary dragged Zomato down by over 10%, while new-age stocks such as Paytm, Delhivery, and Swiggy also faced an all-around fall of 5-8%. Trent slipped below key moving averages.
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