Market Mayhem! Sensex Crashes 770 Points

Indian equity benchmarks extended losses in a sharp sell-off on Friday. Here's a breakdown.

The Big Numbers

BSE Sensex tumbled 769.67 points to close at 81,537.70. NSE Nifty50 slid 241.25 points to settle at 25,048.65.

Top Losers: Adani Stocks Lead Fall

Adani Enterprises: -10.65% Adani Ports: -7.49% IndiGo (InterGlobe Aviation): -4.17% Axis Bank: -2.85%

Silver Lining: Sectors That Gained

Dr. Reddy’s: +1.49% Tech Mahindra: +0.82% Hindustan Unilever: +0.80% IT & Pharma sectors showed resilience.

Global Cues Were Positive!

Asian markets traded higher on encouraging US data. The US Dollar was headed for its steepest weekly fall in a year.

DIIs Check FPI Sell-Off

FPIs (Foreign Investors): Net Sellers of ₹2,549 cr. DIIs (Domestic Investors): Net Buyers of ₹4,223 cr, offering support.

Key Reasons for the Fall

Heavy selling in Adani Group stocks after US SEC sought to serve summons. Profit-booking after recent record highs. Underperformance in banking & financial stocks.

The Bottom Line

Market takes a breather after a record run. Sectoral rotation is clear: IT/Pharma in favour.