Particle.news
Download on the App Store
8 ARTICLES
·
2mo ago

Indian Stock Markets Plunge as Sensex Drops Over 1,000 Points

Weak earnings, global economic pressures, and foreign investor outflows contribute to widespread market losses across sectors.

Image
Stock market crash: At 9:20 am IST, the benchmark BSE Sensex plummeted by 746.12 points or 1%, reaching 73,866.31. The broader NSE Nifty opened 221.15 points up or 0.98% in the red, reaching 22,323.90.
Stock market closing: The benchmark BSE Sensex closed 1,414.33 points or 1.90% into the red, reaching 73,198.10. The broader NSE Nifty was down by 420.35 points down or 1.86% in the red, reaching 22,124.70.
Image

Overview

  • The BSE Sensex fell by over 1,000 points, and the NSE Nifty dropped more than 300 points during Friday's trading session, marking significant declines.
  • Mid and small-cap stocks were among the hardest hit, with companies like Patanjali Foods, Tata Technologies, and Mphasis experiencing steep losses.
  • Key factors driving the crash include weak earnings reports from Indian banks, rising U.S. bond yields, and foreign institutional investors shifting to other markets like China.
  • Sectoral indices such as IT, telecom, auto, and metal saw notable declines, with the Nifty Midsmall IT & Telecom Index dropping by 3.7%.
  • The market downturn follows a period of correction, with analysts citing uncertainty from U.S. tariff policies and a strengthening dollar as additional pressures.