Crypto

The selloff in crypto market came was triggered by the failure of the US Senate to advance the Clarity Act, which has renewed concerns around the pace of regulatory clarity for digital assets.

The US Senate vote on the CLARITY Act comes amid uncertainty over the 60 votes needed to advance the landmark crypto bill and concerns over stablecoin rewards.

Among sectors, Nifty IT and Nifty FMCG were trading in the green, while Nifty Metals, Nifty Realty, Nifty PSU Bank and Nifty Auto led the losses.

The Nifty 50 traded 0.78% lower at 23,296.20, recovering 64.40 points from its day's low. The Sensex fell 0.72% to 74,365.15, but recovered 209.42 points from its intraday low.

The Nifty 50 settled at 23,477.80, up 46.30 points or 0.20%, while the Sensex closed 138.36 points higher, or 0.19%, at 74,902.59.

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Barring Nifty Metal and Oil and Gas indices, all sectors ended in the red. Nifty IT was the top drag, down over 3%.

Nifty IT, Nifty Oil & Gas, Nifty Private Banks, and Nifty Auto led losses, while gains were seen in Nifty Pharma, Nifty Metals, Nifty Media, and Nifty FMCG.

Hacking incidents are increasing even if the overall amount lost isn't. About $1.4 billion has been taken by hackers so far in 2026 across 250 attacks, compared with $2.7 billion over 146 attacks in 2025, according to DefiLlama data.

Broader markets settled mixed, with the Nifty Smallcap 100 index gaining 0.08%, while the Nifty Midcap 100 index fell 0.46%.

Among sectoral indices, Nifty PSU Bank, Nifty Metals, Nifty Media and Nifty Realty, while Nifty IT, Nifty FMCG and Nifty Auto sectors reeled under selling pressure.

A hawkish speech from US Federal Reserve Chairman Kevin Warsh at the Jackson Hole symposium last week revived expectations that the central bank may soon raise interest rates to contain inflation.