In a sharp decline, the Nifty index fell below the 22,200 mark, dropping by 1.65% or 371.75 points to trade at 22,173.30. The bearish sentiment extended to the broader market as the Sensex also slipped by 1,217.13 points or 1.63% to 73,395.30.
Bank Nifty was not spared, witnessing a decline of 1.06% or 518.90 points to reach 48,224.90, while the Midcap Nifty plunged by 2.47% or 271.10 points to 10,686.20, reflecting widespread selling pressure across market segments.
The market downturn is attributed to weak global cues and investor concerns over macroeconomic factors, impacting overall sentiment. Traders are advised to remain cautious as further volatility is expected.
Disclaimer: This article is for informational purposes only and should not be considered as investment advice.
