Indian stock markets tumbled sharply with the Sensex falling 800 points and nearly 4 lakh crore wiped out in a single session. Here are the 6 key factors, including rupee weakness and global cues, behind the crash.
Indian benchmark equity indices experienced a significant downturn, with the Sensex plummeting over 800 points and the Nifty falling sharply, driven by rising crude oil prices, geopolitical tensions, and foreign capital outflows.
Indian equity markets experienced a significant downturn, with the Sensex and Nifty plummeting due to rising crude oil prices, geopolitical tensions in West Asia, and continuous foreign fund outflows.
Stock market benchmarks ended with losses for the third straight session on Wednesday as heightened geopolitical tensions, weak global peers and persistent foreign fund outflows unnerved investors.
Jefferies has downgraded Indian information technology (IT) companies Infosys, HCLTech, and Mphasis to "hold"; LTI MindTree, Tata Consultancy Services (TCS) and Hexaware to "underperform", citing artificial intelligence (AI)-related concerns. Coforge, Sagility and IKS, however, still remain its top picks.
Indian equity markets closed higher, driven by gains in PSU bank, auto, and financial stocks, following the US Supreme Court's decision on tariffs. Sensex climbed 479.95 points to 83,294.66, and Nifty advanced 141.75 points to 25,713.
Equity benchmark indices Sensex and Nifty rebounded sharply by nearly 1 per cent on Monday, driven by strong buying in power, banking, and financial stocks.
The European Union's (EU's) offer to slash tariffs on 97.5 per cent of Indian chemical exports to zero is set to give India's pharmaceutical and medical device firms preferential access to the European markets.
Investors booked profits after sharp gains last week which pushed the Sensex above 20,000 and the Nifty above 6,000.
Tata Steel was the biggest gainer in the Sensex pack, rising 3.36 per cent, followed by Vedanta, Bajaj Finance, TCS, IndusInd Bank, Infosys, ONGC, Kotak Bank, HDFC Bank, HDFC, M&M and ITC.
Among the Sensex firms, Kotak Mahindra Bank, Bajaj Finserv, Bajaj Finance, Adani Ports, Trent, State Bank of India, Titan and Tata Consultancy Services were the laggards. However, Maruti, Infosys, NTPC, Asian Paints, Eternal and Hindustan Unilever were among the biggest gainers.
Information technology (IT) stocks ended at their lowest in nearly nine months after a fresh bout of selling, triggered by concerns over a recession in the US, the key market for domestic software exporters. A report by Morgan Stanley citing risks to growth also weighed on sentiment.
Markets ended over 2.3% lower on Tuesday, amid a weakening rupee, weighed down by financials on concerns that the RBI would announce fresh measures to cap liquidity in an effort to prevent further weakness in the rupee.
The 30-share Sensex ended at 20,725 down by 42 points after topping the 21,000 mark while the 50-share Nifty ended down 14 points at 6,164 after hitting a high of 6,252 during the day.
The S&P BSE Sensex dipped 90 points to end at 27,747, after hitting an intra-day high of 28,014.
The 30-share Sensex shed 79 points at 24,298 and the 50-share Nifty slipped 23 points to 7,253 levels.
The 30-share Sensex ended lower by 291 points to 18,308 and the 50-share Nifty dropped 93 points to 5,415.
BSE Auto was the top sectoral loser with a 4.6% fall followed by realty sector down 3.7% and consumer durables 3.6% post disappointing IIP numbers
The benchmark S&P BSE Sensex declined 37.69 points, or 0.15 per cent, to end at 25,190.48 and the NSE CNX Nifty ended 8.55 points, or 0.11 per cent, down at 7,533.55.
At close, the Sensex was down 49 points at 19,733 and the Nifty was relatively unchanged at 5,851.
Sensex slumped 318 points to end at 25,715 levels.
The 30-share Sensex ended lower by 202 points at 21,064 and the 50-share Nifty fell 57 points at 6,262. The Sensex and Nifty touched an intra-day low of 20,016 mark and 6,246 levels, respectively.
Broader markets ended mixed, BSE Midcap gained 0.1%.
At close, the Sensex was down 16 points at 20,713 and the Nifty was down six points to close at 6,168.
The market breadth was extremely weak with 1,806 losers against 1,009 gainers on the BSE.
The S&P BSE Sensex ended at 24,900, down by 66 points.
Market breadth ended strong with 1,603 gainers and 1,032 losers.
The 30-share Sensex closed after shedding 470 points to 26,371.
Markets snapped five-day winning streak weighed down by profit taking in major Hindustan Unilever amid sequential drop in volume growth and subdued demand outlook in the near term.
The Sensex closed lower by 167 points at 24,550 mark and the Nifty slipped by 41 points at 7,318 levels.
The 30-share Sensex ended down 12 points at 25,610.
From the Sensex firms, Infosys declined by 3.54 per cent. Power Grid, Eternal, HCL Tech, Tata Consultancy Services, Bharti Airtel, IndusInd Bank, NTPC and HDFC Bank were the major laggards. Sun Pharma, Adani Ports, Bajaj Finance, State Bank of India and Tech Mahindra were the gainers.
The 30-share Sensex dropped 106 points to close at 26,314 and the 50-share Nifty shed 22 points to end at 7,875.
The S&P BSE Sensex shed over 255 points and ended at 25,062.67 while the CNX Nifty traded 76 points lower and ended at 7,493.20.
The 30-share Sensex is down 348 points and the 50-share Nifty was down 107 points at 25,228.17 and 7,542.10 level, respectively.