Indian stock markets witnessed a sharp sell-off on Tuesday, with the BSE Sensex plunging more than 700 points and the Nifty 50 dropping below the crucial 25,500 mark. The decline reflected broad-based weakness across sectors as investors turned cautious amid rising global uncertainties.
The fall was largely driven by heavy selling in information technology stocks, which dragged the benchmarks lower. The Nifty IT index emerged as one of the worst performers, as concerns over global demand and fresh trade tensions hurt sentiment. Banking, auto and metal stocks also traded in the red, contributing to the overall decline.
Global factors played a key role in Tuesday’s market slide. Investor confidence weakened after renewed fears of higher US import tariffs resurfaced, raising concerns about global trade disruptions. Weak cues from Asian markets and overnight losses on Wall Street further dampened risk appetite among domestic investors.
Back home, the Indian rupee opened lower against the US dollar, adding to the cautious mood. Market participants also remained watchful ahead of key global economic signals, which could influence foreign fund flows into emerging markets like India.
Despite the broader weakness, a few individual stocks saw action on company-specific developments. Select counters attracted buying interest following business updates and regulatory approvals, offering limited support to the market.
Analysts said that the Nifty’s breach of the 25,500 level is technically significant and could trigger further volatility in the near term. However, some experts believe that if the index manages to hold near current levels, bargain buying may emerge.
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