Indian Stock Market Plunges as Sensex Drops 782 Points, Nifty Falls Over 250 Points - Read Here

The Indian stock market started the week on a negative note, with the Sensex and Nifty witnessing a significant dip on Monday. The sharp fall in the market is attributed to weak global cues, particularly from Japan and China, which weighed heavily on investor sentiment.

By around 11 AM, the Sensex had dropped by 782 points, trading at 84,799.15, while the Nifty was down by over 250 points. The Bank Nifty also saw a major dip, falling by more than 600 points within the first few minutes of trading. This sudden drop comes after a strong performance by the Indian markets last week, where both indices had been making new records daily.

What Led to the Market Decline?

The downward trend in the Indian market was largely influenced by global events. Japan's Nikkei Index saw a sharp fall of 1,849 points, a decline of around 4.64%. The drop in Japan’s market caused a ripple effect, affecting other Asian markets as well. China's Shanghai Composite Index also faced a downturn, recording a 4.89% fall, while the South Korean Kospi index traded with minor losses.

Market experts suggest that these global factors, especially from Japan, led to sluggish trading in the Indian stock market, resulting in significant losses for investors.

Sensex and Nifty Levels

At the opening bell, the Sensex was already trading lower at 85,208, compared to its previous close of 85,571. Within minutes, it plunged further, losing about 744.99 points, eventually hitting 84,824.86. The Nifty also followed the same trajectory, opening at 26,061, significantly lower than its previous close of 26,178.95. It then dropped further, losing 211.75 points, bringing it down to 25,967.20.

Global Market Performance

The decline in the Indian stock market can be traced back to the poor performance of major global indices. Japan’s Nikkei Index saw a significant fall of 1,849.22 points, trading at 37,980.34. China’s Shanghai Composite, on the other hand, saw a 151.03-point drop, while the South Korean Kospi index experienced minor losses.

Top Gainers and Losers

Despite the sharp decline in the broader market, a few stocks managed to stand out as gainers. In the Nifty 50, stocks like Hindalco, NTPC, JSW Steel, Tata Steel, and Britannia were among the top gainers. Meanwhile, stocks like Hero MotoCorp, Tech Mahindra, Coal India, Mahindra & Mahindra (M&M), and ICICI Bank were the top losers in the index.

The sudden plunge in the Indian stock market has raised concerns among investors, particularly as global cues continue to impact domestic performance. As global markets show signs of uncertainty, it remains to be seen how the Indian market will recover in the coming days.