Bear Attack on D-Street: Sensex Crashes 900 Points, Nifty Slips Below 22,900 Amid Broad-Based Selling
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Market breadth deteriorated sharply, with only 8 Nifty 50 constituents trading in the green, while the remaining 42 stocks were in the red. The broader market also witnessed widespread selling pressure, with three declining stocks for every advancing stock.
✨ Key Takeaways
Selling pressure intensified in the Indian equity markets as the trading session progressed. As of 1:39 PM, the Nifty 50 had slipped below the 22,900 mark, while the Sensex breached the psychologically important 74,000 level, trading at 73,839, down 890 points or 1.19 per cent.
Meanwhile, the India VIX jumped over 5 per cent to trade near the 14.90 mark, reflecting heightened market volatility.
Market breadth deteriorated sharply, with only 8 Nifty 50 constituents trading in the green, while the remaining 42 stocks were in the red. The broader market also witnessed widespread selling pressure, with three declining stocks for every advancing stock. Additionally, 121 stocks touched fresh 52-week lows, while 117 stocks hit their Lower Circuit limits during the session.
On the sectoral front, Nifty PSU Bank was the sole outperformer, gaining 2.45 per cent, while all other key sectoral indices traded in negative territory. Nifty Financial Services, Nifty IT and Nifty FMCG were among the major laggards, each declining by over 1 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.