Indian Stock Markets End Deep in Red Amid Global Concerns!

Domestic stock market indices ended sharply lower for the fourth consecutive trading session amid mixed global cues and heavy selling pressure in IT stocks. Investor sentiment weakened further after Prime Minister Narendra Modi announced austerity measures and former US President Donald Trump remarked that the Iran ceasefire agreement was “on life support.” The Sensex plunged nearly 1,500 points during intraday trade, while the Nifty slipped below the 24,300 mark.

The BSE-listed companies collectively lost nearly ₹10 lakh crore in market capitalization in a single day, taking the total valuation down to ₹457 lakh crore. The Sensex closed 1,456 points lower at 74,559.24, while the Nifty settled at 23,379.55 with a loss of 436 points. The rupee weakened to an all-time low of 95.63 against the US dollar. Tech Mahindra, Adani Ports, HCL Technologies, TCS, and Titan were among the major losers. Rising Brent crude prices above $107 per barrel, fears of inflation, foreign investor selling, and concerns over slowing economic growth also added pressure on the markets.