Stock Market Today: Sensex Tanks 900 Points, Nifty Nears 24,000; Power Grid, ICICI Bank Among Top Losers

In a volatile trading session, the stock market witnessed a sharp selloff today as the Sensex slipped by over 900 points, while the Nifty hovered close to the 24,000 mark. Investor sentiment remained subdued as broad-based weakness was visible across key sectors.

The BSE Midcap and Smallcap indices also fell sharply, each down by nearly 1.5%, reflecting heavy pressure on broader market participation. Among the major losers on the Sensex were Power Grid Corporation, UltraTech Cement, ICICI Bank, HUL, and Nestle, which dragged the benchmark indices lower.

On the flip side, Titan Company, Larsen & Toubro (L&T), and Tata Motors managed to stay in the green and provided some support to the otherwise weak market.

“Except for consumer durables and capital goods, all other sectoral indices are trading in the red,” noted market watchers, highlighting the widespread selling across segments like banking, realty, metals, and FMCG.

This decline comes amid weak global cues and profit booking at higher levels, as investors opted for caution. Heavyweights like Power Grid and ICICI Bank took a major hit, adding significant pressure to the benchmarks.

Key Highlights:

• Sensex crashes over 900 points, indicating a heavy market correction.

• Nifty trades near the crucial 24,000 mark, showing weakness across sectors.

• Midcap and smallcap indices fall by 1.5%, reflecting broader market stress.

• Top losers: Power Grid, UltraTech Cement, ICICI Bank, HUL, Nestle.

• Top gainers: Titan, L&T, Tata Motors.

• Most sectoral indices in red, barring consumer durables and capital goods.

As trading continues, market participants are closely watching for cues that could determine short-term direction. Volatility is expected to remain high, and investors are advised to stay alert and follow risk-managed strategies.

Stay tuned for more stock market live updates and insights on today’s market performance.