Sensex slides more than 1,300 points from intraday high as Nifty dips below 23,200, erasing about Rs 9 lakh crore
AI Market Summary
Indian equities sold off sharply, with Sensex and Nifty reversing from early gains amid tighter global financial conditions and higher energy risk premia. US 10-year yields breaking above 5% and renewed Fed hike expectations pressured risk assets, while Brent above $108 intensified inflation concerns. Middle East escalation added tail-risk. Heavy IPO supply was cited as draining secondary-market liquidity, deepening breadth deterioration.
Impact level
● High
Affected assets
NCCOGOLD2USD/USDT+0.54%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▼ Bearish
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Indian equities fell sharply, with the Sensex down more than 1,300 points from its intraday high and the Nifty slipping below 23,200, wiping out about Rs 9 trillion in market value. The selloff was driven by the US 10-year Treasury yield crossing 5% for the first time since 2023 and a rise in oil prices that renewed inflation worries. Expectations of further Federal Reserve rate hikes, alongside escalating Middle East geopolitical tensions, added to the broad-based risk-off move.
