Sensex Crashes Over 1,950 Points On Weak Global Cues; Nifty Trades Below 17,050
New Delhi: The Indian equity benchmarks continued to plunge for the fifth straight session on Monday amid weak global cues. Asian share markets slipped as investors braced for a Federal Reserve meeting at which it is expected to confirm it will soon start draining the massive lake of liquidity that has supercharged growth stocks in recent years.
As of 2:16 pm, the 30-share BSE Sensex pack was down 1,955Â points or 3.31 per cent at 57,082 and the broader NSE Nifty slumped 596 points or 3.38 per cent to 17,021.
Mid- and small-cap shares were in the negative zone as Nifty Midcap 100 index fell 3.37Â per cent and small-cap shares were trading 4.20 per cent lower.
"With gap-down openings tracking weak global cues, markets are likely to continue their sluggish trend," said Gaurav Garg, Head of Research, Capitalvia Global Research Ltd.
On the stock-specific front, Bajaj Finance was the top Nifty loser as the stock cracked 6.22 per cent to Rs 6,915. JSW Steel, Tech Mahindra, Tata Steel and Wipro were also among the laggards.
Also, Zomato and Paytm shares fell 18.48 per cent and 5.64 per cent, respectively, to hit their lowest levels since listing.Â
The overall market breadth was weak as 456 shares were advancing while 3,069 were declining on BSE.
On the 30-share BSE platform, Bajaj Finance, TechM, Tata Steel, Wipro, Titan, Bajaj Finserv and Asian Paints attracted the most losses with their shares sliding as much as 2.83 per cent.
Sensex had slumped 427 points or 0.72 per cent to close at 59,037 on Friday, while the broader NSE Nifty had settled 140 points or 0.79 per cent lower at 17,617.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
