The Indian stock market suffered another tough day as selling pressure returned with force. Markets opened on a cautious note and briefly showed signs of stability. However, confidence faded as the session progressed.
By the end of the day, heavy selling dragged key indices lower. The Sensex crashed 769 points to close at 81,537. Meanwhile, the Nifty fell 241 points, ending the session at 25,048. Late-hour selling completely reversed the early momentum.
Global Uncertainty Spooks Investors
Ongoing global tensions continued to trouble investors. Because uncertainty remains high, foreign institutional investors pulled out large funds from Indian markets. This sudden withdrawal intensified selling pressure across sectors.
At first, several stocks traded in positive territory. Later, market sentiment turned sharply negative. As a result, buyers stepped back and sellers took control.
Adani Earnings Shock Adds to Market Pain
Adding to the pressure, Adani Group shares faced fresh heat after weak earnings numbers. The company reported a net profit of just ₹5 crore for the latest quarter. In comparison, profits stood at ₹474 crore during the same period last year.
This sharp drop reflects a 99 percent fall in profits. Investors reacted swiftly, triggering selling in Adani stocks and adding weight to the broader market decline.
Rupee Slides to Record Low
At the same time, the Indian rupee slipped to an all-time low against the US dollar. Currency weakness further dented market confidence. Experts say foreign fund outflows and global risks continue to pressure both equities and the rupee.
For now, investors remain cautious. Market watchers advise keeping a close eye on global developments before making fresh investment decisions.
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