Overview
- Benchmarks slumped on Tuesday with the Sensex down 1,065.71 points to 82,180.47 and the Nifty off 353 to 25,232.50, wiping more than ₹10 lakh crore in BSE market value.
- Selling resumed on Wednesday as the Nifty briefly fell to about 24,980 and the Sensex to roughly 81,303, extending the three-day slide to over 2,000 points with declines across IT, realty, auto and financials.
- Foreign investors continued to exit Indian equities with net sales of ₹3,262.82 crore on Monday and ₹2,938.33 crore on Tuesday, while domestic institutions bought but did not offset the outflows.
- The rupee weakened past 91 per dollar and touched around 91.28 in early trade, while safe-haven demand lifted precious metals and global stocks fell after a sharp Wall Street drop.
- Analysts pointed to key support breaks and stop-loss triggers accelerating losses, with attention turning to potential US Supreme Court developments on tariffs, the Q3 earnings flow and the February 1 Union Budget.