Stock market crash today: Stock market indices BSE Sensex and Nifty50 crashed in trade on Friday driven by widespread selling pressure. Investors' confidence was affected by worries about third-quarter earnings performance and continuous foreign investment outflows. The situation was further complicated by the emerging HMPV infection concerns, weakening rupee, and poor performance in Asian markets.
The BSE Sensex dropped significantly by 1,258.12 points or 1.59 per cent, closing at 77,964.99, falling below the 78,000 mark. During trading hours, it experienced a steep fall of 1,441.49 points or 1.81 per cent to 77,781.62. The NSE Nifty declined by 388.70 points or 1.62 per cent to 23,616.05.
Among the major BSE components, significant losses were seen in Tata Steel, NTPC, Kotak Mahindra Bank, IndusInd Bank, Power Grid, Zomato, Adani Ports, Asian Paints, Mahindra & Mahindra and Reliance Industries. Only Titan and Sun Pharma showed positive movement.
Stock Market Crash:BSE Sensex and Nifty 50, were trading with deep cuts amid mixed global cues following the inauguration of President Donald Trump.
At the close, the BSE Sensex plummeted 1,235.08 points, or 1.60%, to finish at 75,838.36. The index fluctuated 1,431.57 points between 75,641.87 and 77,337.36 during the day.
NSE Nifty50 also faced severe pressure, settling at 23,024.65 with a loss of 320.10 points or 1.37 per cent. Nifty50 was seen at the day’s high of 23,426.30, while the day’s low was quoted at 22,976.85.
Adding to the negative sentiment, all sectors turned red, reversing the positive momentum from the previous session’s strong close. Data from exchanges showed that the market capitalization eroded by Rs 8 lakh crore in today’s session.
US stock futures had surged globally after Trump’s inauguration, with optimism over potential economic policies, particularly in banking and energy sectors. However, sentiment soured in Asia as Trump’s 25% tariff proposal on Mexico and Canada dampened expectations of a delay, quashing earlier hopes following his inauguration speech.
While the gradual 25% tariff hikes on Mexico and Canada are expected, the dollar and US 10-year bond yields fell slightly. Analysts suggest that any delays in tariff hikes could benefit emerging markets like India. However, consistent FII inflows remain contingent on a revival of India’s GDP growth and corporate earnings.
Traders view the markets as oversold, but believe the current uptrend might only be a temporary bounce rather than a significant shift. Mixed earnings and continued FII selling are keeping sentiment subdued. Analysts suggest that meaningful recovery will depend on sector-wide signals rather than individual stocks.
In the broader market, mid and small-caps mirrored the weak trend, each losing about 1%. Religare Broking’s Ajit Mishra highlighted that mid and small-cap valuations remain stretched above long-term averages, leaving room for further declines. Investors are advised to take a stock-specific approach and focus on strong businesses
Stock market today: The BSE Sensex and Nifty extended their winning streak to the third consecutive session, buoyed by positive global market sentiment after US consumer inflation came in lower than anticipated, strengthening expectations of Federal Reserve rate reductions.
The BSE benchmark surged 318.74 points or 0.42 per cent to reach 77,042.82, after touching an intraday peak of 77,319.50, marking a rise of 595.42 points or 0.77 per cent.
The NSE Nifty registered an increase of 98.60 points or 0.42 per cent to close at 23,311.80.
"Benchmark indices continued to trade in the positive, albeit off highs, driven by positive investor sentiment following mild US inflation data, which raised hopes for a potential rate cut by the Federal Reserve.
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