Stock Market Update: Sensex Falls Over 550 Points, Nifty Below 22,850
The Indian stock market tumbled on Friday as global trade tensions and weak earnings dragged investor sentiment lower. The Sensex dropped 661 points to 75,477, while the Nifty slipped 243 points to 22,788.
Market Highlights
- Widespread Selling: Over 2,600 stocks declined, while only 688 advanced.
- Gainers: Hindalco, Tata Steel, JSW Steel, IndusInd Bank, and Shriram Finance saw gains.
- Losers: Adani Enterprises, Dr. Reddy’s, Kotak Mahindra Bank, Sun Pharma, and Apollo Hospitals fell sharply.
Why Did Markets Crash?
- Trump’s Tariff Policies – The US President introduced new trade tariffs, adding uncertainty to global markets.
- Weak Corporate Earnings – Several companies posted disappointing Q3 results, dampening investor confidence.
- Foreign Investors Selling – FIIs continued withdrawing funds, increasing market pressure.
- Volatility in Mid & Small-Cap Stocks – Concerns over high valuations triggered sharp declines in these segments.
Hexaware IPO Finds Strong Demand
Despite the weak market, Hexaware Technologies’ IPO saw robust interest and was fully subscribed on its third day.
Expert Views & Outlook
Market experts say Nifty must break 24,051 for a strong recovery. Until then, volatility is expected to persist. Investors should stay cautious and focus on long-term opportunities.
The stock market remains on edge, and all eyes are now on global developments and upcoming earnings reports.
