Indian Stock Market Today: Sensex Crashes Over 700 Points, Nifty Slips Below 23,700 As Selling Intensifies Across Sectors

Indian equity benchmark indices extended their losses on Tuesday, continuing the weak momentum seen in the previous session amid broad-based selling pressure across sectors. The benchmark indices opened lower and slipped further into the red during early trade, with investors remaining cautious over global cues and concerns surrounding technology earnings.

The NIFTY 50 declined 187.95 points or 0.79% to trade at 23,627.90, while the BSE Sensex tumbled 724.60 points or 0.95% to 75,290.68 during the session. Earlier in the day, at around 9:16 AM, the Nifty50 was trading at 23,733.40, down 82 points or 0.35%, whereas the Sensex was at 75,641.50, lower by 374 points or 0.49%.

The banking index also remained under pressure, with the Nifty Bank falling over 400 points amid weakness in financial stocks. Analysts believe the 54,000–55,000 zone remains a crucial trading range for the banking index in the near term.

Market sentiment remained broadly negative as most sectoral indices traded in the red. IT stocks emerged as the biggest laggards, reflecting concerns over global demand trends and earnings outlook for technology companies. Realty, media and financial services counters also witnessed significant selling pressure during the session.

However, metal and oil & gas stocks showed relative resilience and managed to outperform the broader market, indicating selective buying interest in commodity-linked sectors despite the cautious undertone across Dalal Street. Traders are expected to closely monitor global market trends, crude oil prices, foreign institutional investor activity and upcoming economic data for further direction in the markets.