Sensex crashed over 1,000 points
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 a...