Stock Market Updates: Sensex Tanks Over 700 Points, Nifty Below 25,750; All Sectors Trade In Red

Sensex Today: Indian stock markets opened sharply lower on Tuesday amid a fresh round of profit booking. Sentiment was further dampened by reports that US President Donald Trump may impose new tariffs on Indian rice, raising concerns that trade negotiations between Washington and New Delhi remain unresolved.

The S&P BSE Sensex dropped 700 points to slip below 84,400, while the NSE Nifty 50 fell 200 points to trade under the 25,750 mark

In the broader markets, the Nifty MidCap index declined 0.27 per cent, and the Nifty SmallCap index was down 0.26 per cent.

Among sectoral indices, Nifty IT and Nifty Metal were the worst performers, each down 0.6 per cent.

Global Cues

Across Asia, markets traded in the red, mirroring the overnight sell-off on Wall

Street. Mainland China’s CSI 300 slipped 0.11 per cent, while Hong Kong’s Hang Seng fell 0.41 per cent after US President Donald Trump approved H200 chip sales to China — a deal that includes a sizable share for the US government. Japan’s Nikkei declined 0.11 per cent, and South Korea’s KOSPI dropped 0.39 per cent.

In the US, major indices ended lower on Monday. The Dow Jones fell 0.45 per cent, the S&P 500 dipped 0.35 per cent, and the Nasdaq closed 0.14 per cent lower. Investors now await this week’s Federal Reserve meeting, with the policy decision due on Wednesday.