Two-day market rout grips Sensex, Nifty; Rs 6 lakh crore wiped out
Two-day market rout grips Sensex, Nifty; Rs 6 lakh crore wiped out
Markets slide for a second day, wiping out over Rs 6 lakh crore as Sensex and Nifty extend losses and investor risk appetite remains fragile.
Two-day market rout bites again as the Sensex closes at 84,666.28, down 436.41 points (0.51%). The Nifty ends at 25,839.65, slipping 120.90 points (0.47%). Over the two days, the benchmark indices have fallen about 1,046 points, signaling persistent selling pressure on fears of global cues and domestic softness. The retreat also shaved more than Rs 6 lakh crore off BSE market capitalisation, reducing investor wealth from 470.96 lakh crore to 464.91 lakh crore by the close.
Market breadth remained fragile, with gains in select heavyweights unable to offset broad-based weakness. Real estate and energy counters managed modest gains, while information technology and auto names ended lower. The late-session pullback in some midcap and smallcap stocks offered a brief respite after the day’s volatility, though the pullback remained muted.
The sell-off coincided with expiry-driven trading and a global mood that has been cautious amid mixed economic signals. Traders say sentiment could stay choppy in the near term, with investors eyeing corporate earnings cues, policy outlooks, and global market moves. While the risk of further downside persists, dealers note that sharp dips sometimes create opportunities for patient buyers ready to pick up quality names at lower levels.
Analysts caution that valuations look more realistic after recent declines, but the path ahead remains uncertain until global cues and domestic catalysts offer clearer direction. In the meantime, participants are advised to manage risk, diversify portfolios, and avoid over-leveraged bets in an environment of heightened volatility.
Cover image source: Stock market: Sensex tanks 476 pts, Nifty below 25,850; Asian Paints, Eternal lead losers 🔗
