Overview
- After Tuesday’s steep drop—the sharpest in over eight months with Sensex closing at 82,180.47 and Nifty at 25,232.50—benchmarks fell again on Wednesday to 81,909.63 and 25,157.50, with Nifty dipping below 25,000 intraday.
- Fresh tariff threats from President Donald Trump against several European nations over the Greenland dispute sparked a global selloff that weighed on Indian equities.
- Foreign institutional investors sold Rs 3,262.82 crore on Monday and Rs 2,938 crore on Tuesday, while domestic institutions bought but could not offset the broader risk aversion.
- The rupee weakened past 91 to the dollar, touching record lows in intraday trade and reinforcing caution as investors rotated toward safe-haven assets.
- Losses were broad-based with IT, financials and realty under pressure, mid- and small-cap indices sliding 2–3% on Tuesday, and BSE market capitalisation shrinking by about Rs 9.86 lakh crore in a single session.