Sensex Plunges 900 Points, Nifty Ends Below 23,850 Amid Global Market Sell-Off

June 23: Indian benchmark indices ended sharply lower on Tuesday, mirroring a broad-based sell-off across global markets. Weak sentiment in Asian equities and declining U.S. futures weighed heavily on investor confidence throughout the trading session. After opening on a cautious note and briefly trading in positive territory, both the Sensex and Nifty erased early gains as selling pressure intensified across sectors. The BSE Sensex plunged 893.39 points (1.16%) to close at 76,200.68, while the NSE Nifty 50 declined 278.80 points (1.16%) to settle at 23,824.10, slipping below the crucial 23,850 mark. Earlier in the day, the Sensex touched an intraday high of 77,194.83, while the Nifty climbed to 24,135.50, before reversing course amid worsening global market sentiment. Asian markets witnessed significant volatility, with South Korea's KOSPI index tumbling nearly 9%, triggering a circuit breaker and a temporary suspension of trading, further dampening risk appetite across the region. Sector-wise, selling pressure was visible across most segments, with pharma emerging as the only sector to remain resilient, while banking, IT, metals, auto, and financial stocks witnessed notable declines. The sharp downturn reflects heightened investor caution amid global market uncertainty and increased risk aversion. Disclaimer: Investment in securities market are subject to market risks. Read all the related documents carefully before investing.