Sensex crashed over 1,000 points

Posted by Niilesh waghela 

Mumbai: The Sensex crashed over 1,000 points, wiping out ₹9 lakh crore ($108 billion) of investor wealth. 

The Nifty 50 index also fell below 25,250, reflecting the fragility of market sentiment amid mixed corporate earnings, persistent foreign fund outflows, and global trade uncertainty.

Indian equities ended sharply lower on Tuesday, as a late-morning selloff dragged benchmark indices to their lowest levels in three months. 

At the end of the session, the BSE Sensex declined 1,065.7 points or 1.28% to close at 82,180.47, while the NSE Nifty 50 slipped lower by 353 points or 1.38%, settling at 25,232.50.

Here are the key factors behind the market decline:

IT Stocks Drag Benchmarks Lower: Information technology shares led the selloff, with the Nifty IT index sliding 2% as all constituents traded in the red.

Subdued Global Sentiment: Renewed trade tensions and uncertainty surrounding US trade policy rattled risk appetite across markets.

Persistent Foreign Outflows: Foreign institutional investors extended their net selling streak to a tenth consecutive session, offloading equities worth nearly ₹3,263 crore ($392 million).

Flight to Safe Havens: Investors rushed into safe-haven assets like gold and silver amid escalating trade tensions.

Rupee Weakness Adds Pressure: The Indian rupee extended its losing streak, denting investor sentiment.

Technical Indicators Point to Fragile Market: Technical signals suggested that while benchmarks found near-term support, the broader market structure remains vulnerable.

Investors Await Court Decision on Trump Tariffs: Uncertainty surrounding a potential US Supreme Court decision on Trump-era tariffs kept risk appetite in check.