Sensex Falls Over 1,000 Points As Nifty Fights To Hold 25,400 Amidst Sell-Off

Indian stock markets witnessed sharp selling pressure on Tuesday, with both benchmark indices sliding to their lowest levels of the day and wiping out gains made in the previous two sessions. The fall was largely driven by declines in heavyweight stocks such as Infosys, Bharti Airtel and Larsen and Toubro, which dragged the broader market lower during intraday trade.

The BSE Sensex dropped more than 1,000 points to touch 82,252, marking a fall of around 1.3 per cent. The NSE Nifty 50 also came under pressure, slipping nearly 1.2 per cent to 25,416 and falling below its crucial support level of 25,450. The breach of this level is being closely watched by market participants as it may signal further short term weakness if selling continues.

IT Stocks And Broader Markets Underperform

The decline was not limited to frontline indices, as broader markets also traded lower throughout the session. Stocks from the information technology sector faced notable selling, with Persistent Systems among the major laggards after falling sharply. Coforge and Tech Mahindra also witnessed significant declines, reflecting weakness across software and technology related companies.

Among sectoral indices, most traded in the red. The Nifty IT Index emerged as one of the biggest losers during the session, weighed down by concerns around global demand for software services and continued uncertainty in the technology sector.

The overall market breadth remained weak, with a majority of stocks trading in negative territory. On the National Stock Exchange, declines significantly outnumbered advances, pointing to widespread selling across sectors rather than isolated profit booking.

Global Cues Add To Market Pressure

Sentiment in domestic markets was also influenced by mixed global cues. Asian markets traded cautiously after fresh concerns around trade policy developments in the United States and ongoing discussions about the impact of artificial intelligence on software companies.

While some regional indices such as Japan's Nikkei and South Korea's Kospi managed modest gains, others including Hong Kong's Hang Seng traded lower during the day. The mixed trend across Asian markets added to investor caution in Indian equities.

With the Nifty slipping below its key support level and broader markets underperforming, analysts expect near term volatility to continue unless positive domestic or global triggers emerge to stabilise sentiment.