Stock market witnesses sharp sell-off, indices fall over 1%
At close, the Sensex was down 1065.78 points or 1.28% at 82,180.47, and the Nifty was down 353 points or 1.38% at 25,232.50.
At close, the Sensex was down 1065.78 points or 1.28% at 82,180.47, and the Nifty was down 353 points or 1.38% at 25,232.50.
The fall in the market was witnessed amid volatility led by concerns over rising geopolitical risks, FII selling, and weak Asian markets.
The move was driven by optimistic sentiment following the Reserve Bank of India's (RBI) interest rate reduction.
Foreign investors withdrew ₹10,355 crore from equity markets in the last four trading sessions in April due to sweeping tariffs imposed by the US on most nations, including India.
Led by technology companies, the total market capitalisation of top 50 firms in the Asia-Pacific (APAC) region surged to $8.1 trillion in 2024, reflecting a 20.6 per cent year-on-year increase, according to a new report.
With its safe-haven appeal and being one of the better performing asset classes in the last one and a half year, the Gold ETF category has been gaining significant traction from Indian investors.
This reflects steadfast confidence of foreign investors in the fundamentals of the Indian economy, the Ministry said in a statement.
Unlike the larger markets, the MidCap and SmallCap on the broader markets ended with gains at 0.99 per cent and 0.73 per cent respectively.
Foreign investors had bought equities worth Rs 2,223.16 crore on net basis in Indian capital markets on Tuesday, exchange data showed.
The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note during the morning session of the trade.
