Benchmark Indian equity indices witnessed a sharp and broad-based sell-off on Tuesday, reversing recent gains and signaling a shift in market sentiment. The S&P BSE Sensex tumbled 1,065.71 points, or 1.28%, to 82,180.47, while the NSE Nifty50 fell 353 points to 25,232.50, marking the lowest levels in weeks.
The decline was driven by multiple factors, including disappointing quarterly earnings from major index constituents, persistent foreign institutional investor (FII) outflows, and global trade uncertainties. IT stocks led sectoral losses, reflecting concerns over global demand and cautious commentary from major technology firms. Soft cues from Asian and European markets added to domestic selling pressure, while heightened geopolitical tensions and tariff threats further unsettled investors.
Technical breakdowns accelerated the slide as key support levels on Sensex and Nifty were breached, triggering algorithmic selling and stop-losses. Analysts say immediate Nifty support lies around 25,100–25,150, with volatility expected to remain elevated in the near term. Market participants will closely watch corporate earnings, foreign fund flows, and global macro developments to assess whether this is a temporary correction or the start of a deeper downturn.
