The benchmark Sensex fell 1,628 points, or 2.23 percent, on Wednesday, its worst single-day drop in more than a year and a half, following an extreme sell-off in banking, metal, and oil stocks driven by unfavorable global trends.
The 30-share BSE Sensex dropped 1,628.01 points, or 2.23 percent, to 71,500.76. During the day, it fell 1,699.47 points, or 2.32 percent, to a low of 71,429.30.
The Nifty plummeted 460.35 points, or 2.09 percent, to 21,571.95, marking the second consecutive day of declines.
Tata Steel, Kotak Mahindra Bank, Axis Bank, ICICI Bank, JSW Steel, Bajaj Finserv, Maruti, IndusInd Bank, and State Bank of India were among the notable laggards.
The gainers included HCL Technologies, Infosys, Tech Mahindra, Tata Consultancy Services, Nestle, and Larsen & Toubro.
Seoul, Tokyo, Shanghai, and Hong Kong all closed lower.
European stocks were also trading sharply lower.
On Tuesday, the US stock market closed in negative territory.
Brent crude sank 1.84 percent to USD 76.85 per barrel.
According to exchange data, Foreign Institutional Investors (FIIs) purchased securities worth Rs 656.57 crore on Tuesday.
On Tuesday, the BSE benchmark slipped 199.17 points, or 0.27 percent, to 73,128.77, ending a five-day winning streak. The Nifty slid by 65.15 points, or 0.29 percent, to 22,032.30.
.
Also read: Israel Strikes In West Bank, Killing Five Palestinians
BRICS leaders denounce Pahalgam attack, while Jaishankar calls for UN reform, multilateral cooperation and global…
Follow live updates and key insights ahead of the Asia Cup 2025 final as India…
Gujarat Governor Acharya Devvrat to visit Adani Vidya Mandir in Ahmedabad on September 29, engaging…
S Jaishankar urges UN reform, highlights terrorism, conflicts, India’s global role and promotes self-reliance principles.
PM Modi will inaugurate Delhi BJP’s new office on 29 September, marking a historic milestone…
PM Modi honours India’s freedom fighters and nation-builders in the 126th Mann Ki Baat, receiving…