Benchmark indices experienced severe selling pressure throughout Thursday’s trading session, wiping out over ₹4 lakh crore in investor wealth. The BSE Sensex and NSE Nifty tumbled heavily from the opening bell, tracking sustained weakness across midcap, smallcap, and heavyweight blue-chip counters.

At the closing bell, the 30-share BSE Sensex settled down by 1,247.46 points (1.67%) at 73,580.54, after opening sharply lower at 74,272 against its previous close of 74,828. Similarly, the 50-share NSE Nifty dropped 383.10 points (1.64%) to finish at 23,063.10, sliding from its prior close of 23,446.

Investor Wealth Shrinks by ₹4.02 Lakh Crore

The sharp market rout significantly eroded investor portfolios. The cumulative market capitalization of BSE-listed firms dropped from ₹485.01 lakh crore at Wednesday’s close to ₹480.99 lakh crore by Thursday’s end. This contraction translated to an aggregate single-day loss of approximately ₹4,02,173 crore for equity investors.

Major Decliners Across Market Capitalizations

Selling was widespread across broader and benchmark segments:

  • Large-Cap Heavyweights: Steep declines were led by Bajaj Finance (-5.47%), Axis Bank (-4.87%), and Bajaj Finserv (-4.06%), alongside notable corrections in IndiGo (-2.78%), Trent (-2.75%), Mahindra & Mahindra (-2.31%), and Reliance Industries (-2.25%).
  • Mid-Cap Segment: Policybazaar faced the brunt of the downturn, plummeting 35.98%. Other major mid-cap laggards included MFSL (-9.81%), AU Small Finance Bank (-4.95%), and IDFC First Bank (-4.70%).
  • Small-Cap Counters: Prominent fallers included Ujjivan Small Finance Bank (-5.00%), STL Tech (-4.99%), PNB Housing Finance (-3.93%), and Welspun Corp (-3.80%).

Disclaimer: Consult your financial advisor before making any investments in the stock market.

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