Indian equity markets witnessed a sharp and widespread selloff on Thursday as the BSE Sensex plunged 1,236 points and the Nifty 50 slipped below the crucial 25,500 mark. The steep decline erased significant investor wealth in a single session and marked one of the most volatile trading days in recent weeks. Weak global cues, persistent geopolitical concerns and cautious investor sentiment combined to trigger heavy profit booking across sectors.
The Sensex ended near 82,498 while the Nifty settled around 25,454, reflecting broad based weakness across frontline stocks. Selling pressure was visible from the opening bell and intensified through the afternoon as traders reduced exposure to riskier assets. Market breadth remained firmly negative with a majority of stocks closing in the red.
Among the major laggards were shares of InterGlobe Aviation, which declined nearly 3 percent amid heavy volumes. Auto major Mahindra & Mahindra also dropped around 3 percent, contributing to the pressure on the auto index. Other heavyweight counters across banking, metals, FMCG and real estate segments faced sustained selling, reflecting the depth of the downturn.
The volatility index surged during the session, highlighting rising nervousness among market participants. Analysts pointed to a mix of global and domestic factors behind the fall, including uncertainty around global interest rate trends, fluctuations in crude oil prices and cautious positioning ahead of key economic data releases. Recent gains in the market also prompted traders to lock in profits, accelerating the downward move.
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