Mumbai: Indian stock markets suffered heavy losses on Thursday, with major indices closing deep in the red. The Sensex dropped 1,236 points to settle at 82,498, while Nifty fell 365 points to trade at 25,454. Widespread selling in banking, metal, auto, and FMCG sectors wiped out nearly ₹8 lakh crore in investor wealth.
Markets had opened on a positive note in the morning, showing small gains, but selling pressure soon took over. By midday, losses intensified, erasing the three-day gains. Sensex briefly dipped by over 1,074 points, and Nifty lost 302 points during the afternoon session. By closing, Sensex had plunged over 1,450 points, shocking investors, while Nifty Bank fell 695 points and Nifty Midcap dropped 660 points.
Experts attribute the sharp sell-off to global geopolitical tensions, especially the rising conflict between the U.S. and Iran. Investors reacted to the uncertainty by booking profits, leading to a steep market decline. The sudden downturn ended the three-day bullish streak enjoyed by the Indian markets, highlighting the fragility amid international developments.
Financial analysts have advised investors to remain cautious and monitor global cues closely, as further volatility is expected in the coming days.
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