Stock Market Drops: Sensex Down 5000 Points, Nifty Below 25000

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Posted by AI on 2025-08-22 06:43:55 | Last Updated by AI on 2025-08-22 12:22:29

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Indian stock markets witnessed a significant downturn on Friday, with the Sensex dropping by more than 500 points and the Nifty falling below 24,950. The bloodbath saw investors lose their wealth worth billions.

The benchmark Sensex plunged by 542 points to close at 59,746 points, dragged down by banking, financial, and metal stocks. The Nifty also slipped by 158 points to close at 24,ritz 24,951 points. This decline was attributed to concerns over rising inflation, interest rate hikes, and mixed global cues.

The selling pressure was notably high in ICICI Bank, UltraTech Cement, Tata Steel, Axis Bank, and Hindalco. These stocks emerged as the top drags on the indices. Meanwhile, consumer durables, FMCG, and IT stocks saw some buying interest.

The bloodbath in the market has wiped out all the gains recorded in January and has left investors worried. Critics are urging the government to address the issue and stabilize the market.

In conclusion, the latest stock market decline is concerning for investors and highlights the volatility of economic markets. The downfall also emphasizes the need for investors to be cautious and diligent in monitoring market trends and adjusting their portfolios accordingly. The market decline will be an important topic of discussion and something to closely watch in the days to come.

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