Rs 3 lakh crore erased! Sensex plunges over 900 points from intraday high, Nifty drops 1%. Five reasons behind the market slide

Synopsis Indian equities retreated on Tuesday after a short-lived morning rebound, with benchmark indices surrendering early advances and wiping out substantial investor wealth. The downturn was driven by profit booking in heavyweight stocks, rising crude oil prices, continued foreign institutional selling, a weakening rupee, and fragile technical indicators—prompting investors to stay wary amid ongoing market volatility. Indian stock markets closed lower on Tuesday after an early burst of optimism quickly fizzled out, triggering steep intraday declines and renewed investor anxiety. The BSE Sensex slumped up to 933 points from its session high, while the Nifty 50 fell over 1%, collectively erasing nearly Rs 2.6 lakh crore in market capitalization as selling pressure gathered pace through the day. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.