Indian stock market witnessed a strong across-segment selloff in intraday trade on Tuesday, August 26, with the Sensex falling nearly 700 points and Nifty dropping to near 24,750.
The sharp selloff could be largely attributed to concerns over Trump’s tariffs as August 27 approaches, with no signs of a trade truce between India and the US.
The Sensex opened at 81,377.39 against its previous close of 81,635.91 and crashed nearly 700 points, or 1 per cent, to an intraday low of 80,947.26.
The NSE benchmark Nifty 50 opened at 24,899.50 against the previous close of 24,967.75 and dropped by almost 1 per cent to its day’s low of 24,755.60.
The BSE Midcap and Smallcap indices underperformed by falling up to 1.5 per cent during the session.
The overall market capitalisation of BSE-listed firms dropped to nearly ₹450 lakh crore from ₹455 lakh crore in the previous session, making investors poorer by about ₹5 lakh crore.
(This is a developing story. Please check back for fresh updates.)
