Share Market Today: Sensex Tanks 930 Points; Nifty Below 24500 Amid Broad-Based Sell-Off

Share Market Today: On the 30-share Sensex platform, except ICICI Bank all the indices closed in the red. M&M, Tata Steel, PowerGrid, SBI, Tata Motors, IndusInd Bank are among the prime losers

Share Market Today: In the broader market, the Nifty Smallcap 100 index fell 3.92 per cent, while the Nifty Midcap 100 dipped by 2.61 per cent.

Source : ABPLIVE AI

Share Market Today: The two key equity benchmark indices, Sensex and Nifty, on Tuesday plunged sharply by 1 per cent as foreign institutional investors are divesting from Indian equities to invest in more affordable markets in China and Hong Kong. The BSE Sensex tanked 930.55 points (1.15 per cent) to end at 80,220. On the other hand, the NSE Nifty 50 settled at 24,472, down 309 points, (1.25 per cent).

Stock update

On the 30-share Sensex platform, except ICICI Bank all the indices closed in the red. M&M, Tata Steel, PowerGrid, SBI, Tata Motors, IndusInd Bank are among the prime losers.

The fear index, India VIX, which gauges the volatility in the Indian stock markets, closed higher by 4.21 per cent at 14.34 points. 

In the broader market, the Nifty Smallcap 100 index fell 3.92 per cent, while the Nifty Midcap 100 dipped by 2.61 per cent.

Sectoral update

Among the sectoral indices, the Nifty PSU Bank index experienced the largest decline, closing down 4.18 per cent. It was followed by the realty and metal indices, which dropped 3.08 per cent and 3 per cent, respectively. Additionally, the auto, media, consumer durables, and certain healthcare indices all ended the day down by more than 2 per cent.

In the previous session on Monday, the BSE Sensex index declined 73 points before closing at 81,151, while the NSE Nifty50 settled at 24,781, down 73 points.