Sensex tanks 823 points, Nifty falls below 25,000; Tata Motors falls 3%

India Today

2 days ago

Benchmark stock market indices crashed on Thursday, falling over 1% reacting to negative global cues such as uncertain US-China trade deal negotiations and rising Middle East geopolitical tensions.The S&P BSE Sensex was down by 823.16 points to close at 81,691.98, while the NSE Nifty50 fell by 253.20 points to settle at 24,888.20."The sharp sell-off was triggered by a combination of global and domestic factors. Weak global cues, particularly concerns around sticky U.S. inflation data and the possibility of delayed interest rate cuts by the Federal Reserve, weighed heavily on investor sentiment," said Pranay Aggarwal, Director and CEO of Stoxkart.advertisement
The top gainers on the Sensex were led by Bajaj Finserv, which surged 0.60%, followed by Asian Paints with a gain of 0.43%. Tech Mahindra climbed 0.36%, while the remaining stocks in the top tier showed mixed performance with most closing in negative territory.On the losing side, Tata Motors was the worst performer, declining 2.89%, followed by Titan Company which fell 2.66%. Eternal Limited dropped 2.28%, Power Grid Corporation lost 2.27%, and Tata Steel declined 2.24% during the trading session.he broader market indices declined sharply today. Nifty Midcap 100 fell 1.60%, while Nifty Smallcap dropped 1.78%. India VIX, the volatility index, surged by 2.54%.Most sectoral indices closed in negative territory during the session. Nifty Realty was the worst hit, declining 2.02%, followed by Nifty Consumer Durables at 1.92%, Nifty Oil & Gas at 1.69%, Nifty Auto at 1.65%, Nifty Metal at 1.55%, Nifty FMCG at 1.28%, Nifty PSU Bank at 1.27%, Nifty Financial Services at 1.06%, Nifty IT at 0.84%, Nifty Private Bank at 0.79%, Nifty Media at 0.42%, and Nifty Pharma at 0.10%.advertisementOnly one index managed to close in positive territory - Nifty Healthcare gained 0.05%.Vinod Nair, Head of Research, Geojit Investments Limited, said that consolidation in domestic markets is evolving into a broad-based trend, now extending to large-cap stocks."Valuation concerns and rising oil prices—driven by Middle East tensions—are fuelling risk aversion among investors. The U.S. is considering unilateral tariff hikes on several key trading partners, with a decision expected within the next one to two weeks, ahead of an early July deadline," he added. (Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)