The Indian stock market stayed under pressure for a third straight session on Wednesday, January 21, as escalating geopolitical and geoeconomic risks weighed heavily on investor sentiment.
The Sensex slumped
more than 500 points, or over 0.60 per cent, to an intraday low of 81,657.93, while the Nifty 50 slipped below its 200-day exponential moving average near 25,150 and touched a low of 25,078.70.
The selling pressure was broad-based, with the BSE Midcap and Smallcap indices tumbling more than 1 per cent each.
Over the past three sessions, the Sensex has plunged over 1,900 points, or more than 2 per cent, while the Nifty 50 has also declined by over 2 per cent.
In just three consecutive sessions, investors have lost around Rs 15 lakh crore, with the total market capitalisation of BSE-listed companies falling below Rs 453 lakh crore from nearly Rs 468 lakh crore on Friday.
