Indian Stock Market Suffers Major Losses as Sensex Drops Over 700 Points

Declines in IT, pharma, and banking stocks drive Sensex and Nifty into the red after a strong start to 2025.

The BSE Sensex fell 749.13 points (0.94%), closing at 79,194.58, while the NSE Nifty dropped 202.85 points (0.84%) to 23,985.80.
IT, pharma, healthcare, and banking sectors were the hardest hit, with Nifty IT falling 1.38% and Nifty Pharma down 1.27%.
Top losers included Zomato (-4.02%), Wipro (-3.21%), and HDFC Bank (-2.59%), reflecting sector-wide declines.
The market opened lower and continued its downward trajectory throughout the day, reversing gains from earlier in the week.
The downturn follows a promising start to the year, with markets seeing significant gains in the previous session.