Dalal Street Bleeds, Sensex Crashes 1,124 Points, Nifty Slips Below 22,800 Amid Global Sell-Off
What Happened
Indian markets witnessed a steep correction on Monday, with the Sensex plunging 1,124 points (1.52%) to 72,771.72 and the Nifty falling 360 points (1.56%) to 22,780.25, slipping below the 22,800 mark. The sell-off was broad-based as all sectoral indices ended in the red, while midcap and smallcap indices fell 1.7% and 1.8%, respectively. Investor sentiment was hit by surging crude oil prices amid US-Iran tensions, rising US bond yields above 5%, and continued foreign investor outflows. PSU banks were among the worst-hit sectors, while only a handful of stocks such as Infosys and Dr Reddy's ended higher.
Key Takeaways
Rising crude prices, geopolitical uncertainty and persistent FII selling continue to pressure Indian equities. With volatility rising sharply, markets may remain cautious in the near term.