Stock market crash: Nifty50, BSE Sensex close at over 3-month lows; Rs 9.86 lakh crore wiped out - what’s the road ahead? - The Times of India
Indian equity markets ended sharply lower, slipping to their weakest levels in over three months as sustained selling erased nearly ₹9.86 lakh crore in investor wealth. The benchmark Sensex and Nifty50 declined amid a combination of global uncertainty, weak cues from overseas markets, and caution ahead of key economic signals. Heavy selling pressure was visible across banking, IT, and metal stocks, reflecting risk aversion among investors. Persistent foreign institutional outflows further weighed on sentiment, while concerns over global interest rates and slowing growth added to market unease. Broader markets also underperformed, with mid-cap and small-cap indices posting notable losses. Analysts suggest near-term volatility may continue as markets assess global developments, corporate earnings trends, and domestic macroeconomic indicators. While valuations in select sectors are becoming attractive, experts advise investors to remain selective and focus on fundamentally strong stocks until clearer direction emerges.
The Key points
- Sensex and Nifty50 closed at over three-month lows.
- Investor wealth declined by approximately ₹9.86 lakh crore.
- Global market weakness triggered widespread selling.
- Banking, IT, and metal stocks led the decline.
- Foreign institutional investors remained net sellers.
- Rising global interest rate concerns impacted sentiment.
- Mid-cap and small-cap indices underperformed benchmarks.
- Volatility may persist in the short term.
- Domestic macroeconomic cues remain closely watched.
- Analysts recommend cautious, stock-specific investment strategies.
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