Stock Market witnesses bloodbath; Sensex down nearly 1,900pts, Nifty below 22,500

The Indian Stock Market on Monday came under renewed pressure with Nifty falling below 22,500 intraday for the first time since April 9, 2025.

At close, the Sensex was down 1,836.57 points or 2.46 percent at 72,696.39, and the Nifty was down 601.85 points or 2.60 percent at 22,512.65.

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Nifty Mid and smallcap indices also slipped nearly 4% each. The market capitalisation of BSE-listed companies fell to Rs 414.75 lakh crore against Friday’s Rs 429.11 lakh crore.

Among the sectors, all the indices ended in the red. Sectors like realty, capital goods, consumer durables, metal, telecom, PSU Bank lost 4 to 5%, while auto, energy, media, private bank, oil & gas were down 3% each.

On Nifty, the key losers were Shriram Finance, Trent, UltraTech Cement, Titan Company, Jio Financial. On the gaining side were HCL Technologies, ONGC, Power Grid Corp, Infosys.

Over 1000 stocks touched their 52-week low on the BSE. These included IDBI Bank, Petronet LNG, Aditya Birla Fashion, Relaxo Footwear, Sterling Wilson, New India Assurance, Inox Wind, PCBL Chemical, Gujarat State Petro, Gravita India, Lodha Developers, Network 18, BLS International, Interglobe Aviation, HPCL, Gujarat Gas, Wockhardt, REC, among others.

Indian Rupee also fell 33 paise to a fresh all-time low of 93.86 against the US dollar.

Among the banking stocks, HDFC Bank remained the key loser as the stock fell about 2.5%. Shares of State Bank of India (SBI) also fell 3% after the lender got a Rs 6,337-crore tax demand from the Income Tax Department for the assessment year 2024.

Reliance Power shares came under renewed selling pressure, falling 7.3% while Paytm shares cracked 6%.

In the Asian market, Japan’s benchmark Nikkei 225 dropped 3.5% to finish at 51,515.49 while in Taiwan, the Taiex shed 2.5% to 32,722.50.

Further, Australia’s S&P/ASX 200 fell 0.7% to 8,365.90, South Korea’s Kospi dove 6.5% to 5,405.75, and Hong Kong’s Hang Seng slipped 3.5% to 24,382.47.