In one of the worst trading sessions of the year, the Indian stock market witnessed a massive selloff across the board. Benchmark indices tanked sharply, with the Nifty 50 plunging over 1,000 points to close at 22,161, registering a steep fall of more than 3%. The Sensex too nosedived by 3.24%, while the Nifty Bank index sank 3.19%, leaving investors stunned.
There were no gainers in Nifty 50, Nifty Bank, or even BSE 200, making it a rare and brutal day on Dalal Street. Leading the pack of losers was Trent, which collapsed 14.70% on the back of heavy volume. It was followed by JSW Steel and Tata Steel, both shedding over 7%, as metal stocks were hammered due to weak global cues.
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Other major laggards in the Nifty 50 included Hindalco (-5.92%), Tata Motors (-5.34%), and Larsen & Toubro (-5.31%), all witnessing intense selling pressure. Even financials weren’t spared, as ICICI Bank (-3.09%), SBI (-2.40%), and PNB (-1.48%) contributed to the sector-wide pain.
In the broader market, the BSE 200 index mirrored the carnage, with top losers like JSW Infrastructure (-7.06%), Ipca Labs (-7.09%), Mazdock (-8.73%), and Thermax (-8.34%) witnessing sharp declines. The steel space remained under immense pressure as Tata Steel and JSW Steel both recorded losses exceeding 7.7%.
Overall, today’s market action was nothing short of a bloodbath, possibly triggered by global uncertainty, including developments in the US government. With zero gainers across major indices, the sentiment remains fragile, and investors are advised to tread with caution in the coming sessions.
Stay tuned for further updates on market movements and financial insights.
Disclaimer: The information provided is for educational purposes only and does not constitute financial advice. We are not registered financial advisors. Please conduct your own research and consult a qualified advisor before making investment decisions. Any investment decisions you make based on this information are solely at your own risk.
Also read: Coffee Day Enterprises Reports ₹425 Crore Debt Amid Liquidity Crisis in Q4 FY2025
Published on: April 7, 2025 / S Mallige Shree
Rising Bharat Summit 2025 Commences in New Delhi
The two-day Rising Bharat Summit 2025 begins today in New Delhi. The event brings together global leaders, policymakers, and industry pioneers to discuss India’s journey toward global economic and industrial leadership. A speech from Prime Minister Narendra Modi is expected at the summit.
As stated in Bhagavad Gita:
समत्वं योग उच्यते।
Perform your duty equipoised, O Arjuna, abandoning all attachment to success or failure.
