Mumbai: Indian equity markets ended sharply lower on the day, with selling pressure visible across large-cap, banking and mid-cap stocks. The benchmark Nifty 50 declined 290.75 points, or 1.29%, to close at 22,329.70, while the BSE Sensex shed 870.91 points, or 1.20%, to settle at 71,609.38.
The broader market remained under greater pressure, with the Nifty Midcap 100 plunging 952.10 points, or 1.60%, to 58,379.95, indicating widespread weakness beyond frontline stocks.
Banking shares were relatively resilient but still finished in negative territory. The Nifty Bank index slipped 313.05 points, or 0.57%, to close at 54,320.00, outperforming the broader market benchmarks.
The sharp decline across key indices suggests a risk-off sentiment among investors, with mid-cap stocks bearing the brunt of the sell-off. While benchmark indices recorded losses of over 1%, the deeper correction in the broader market highlights caution among market participants.
Market Snapshot
- Nifty 50: 22,329.70 (-290.75 | -1.29%)
- Sensex: 71,609.38 (-870.91 | -1.20%)
- Nifty Bank: 54,320.00 (-313.05 | -0.57%)
- Nifty Midcap 100: 58,379.95 (-952.10 | -1.60%)
The broader market's underperformance compared with benchmark indices remained the key takeaway from the trading session, reflecting heightened pressure in the mid-cap segment.
