Sensex Crashes 700 Points as US Tariffs Spark Global Sell-Off
CHENNAI — Indian stock market witnessed a sharp sell-off on Thursday as fresh US tariffs and rising global trade tensions triggered panic among investors. The BSE Sensex plummeted 700 points to close at 77,850, while the NSE Nifty lost 215 points, ending the session at 23,450.
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The market meltdown led to a massive Rs 4 lakh crore erosion in market capitalisation for BSE-listed companies, reflecting deep investor anxiety over escalating geopolitical and economic risks.
Foreign Portfolio Investors (FPIs) intensified their selling, further draining market liquidity and accelerating the downward trend.
Sectoral Bloodbath Led by IT, Metals, and Auto
The sell-off was broad-based, but high-beta sectors bore the brunt:
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IT stocks fell over 2.5%, as concerns over reduced US tech spending weighed on sector outlook.
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Metals dropped nearly 3%, with tariff-related uncertainties impacting global commodity demand.
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Auto stocks slipped 1.8%, hit by weak earnings and tepid retail demand.