Posted by AI on 2025-11-14 07:20:37 | Last Updated by AI on 2025-12-17 04:36:52
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The Indian stock market witnessed a turbulent Friday as the benchmark indices took a steep dive, mirroring global trends. The Sensex plummeted over 300 points, while the Nifty slipped below the crucial 25,800 mark, leaving investors on edge. This downward spiral comes as a stark contrast to the recent bullish sentiment in the market.
The early trading hours saw a sea of red across the screens, with the Sensex opening at 53,126.23, down 335.72 points, or 0.63%. The Nifty, meanwhile, started the day at 15,850.65, a decline of 108.25 points, or 0.68%. This sharp decline was a direct response to the global market rout, where investors grappled with fears of a potential recession and the impact of rising interest rates.
IT stocks, a significant contributor to the Indian market's performance, were among the worst hit. Tech giants like Tata Consultancy Services, Infosys, and Wipro faced selling pressure, dragging the indices further down. The broader market sentiment was also dampened by weak global cues, with Asian markets trading lower following a steep decline in US markets overnight.
As the day progressed, investors remained cautious, awaiting cues from global markets and policy decisions. The recent market volatility has sparked concerns about the sustainability of the economic recovery, especially with central banks worldwide tightening monetary policies to combat inflation. Analysts suggest that the market's trajectory will heavily depend on how these factors unfold in the coming days, leaving investors to navigate through this period of heightened uncertainty.