ET Market Watch: D-Street reverse gains
Hello and welcome to a brand-new episode of ET MARKET WATCH - your daily podcast for daily market updates. I am Neha Vashishth Mahajan. Let's hear the top highlights of the day.
Sensex tanked 1,281 pts and closed at 81,148 while the Nifty was down 346 pts and ended at 24,578. Rs 1.3 lakh crore in market cap wiped out. What went wrong? Why did the market crash today?
Top 5 factors:
1. Profit Booking After Monday's Rally
Markets soared nearly 4% on ceasefire news — but no strong FII/DII support. Tuesday was classic profit-taking, especially in heavyweights.
2. Crude Oil Spikes
Brent jumped to $64+, raising concerns over fuel inflation and margins.
3. US Treasury Yields Rise
10-year yield hit 4.45%. Higher yields = global funds may shift from India to US bonds.
4. US-China Trade Easing
Good for global trade, but weakens India's 'China+1' narrative.
5. Big Boys Drag the Index
HDFC Bank, Infosys, ICICI, TCS — all major stocks booked losses.
It's going to be a volatile week ahead with US & India inflation data on the radar!
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