Sensex Crashes Over 2,300 Points Post-Budget; Nifty Plunges 600+
Indian stock markets witnessed a massive sell-off on Tuesday, with the Sensex crashing over 2,300 points and the Nifty plunging over 600 points in intra-day trade. The sharp fall came immediately after Finance Minister Nirmala Sitharaman presented the Union Budget 2025-26 in the Lok Sabha.
Key Market Figures
- Sensex: Tanked 2,322.37 points (2.89%) to 78,054.40.
- Nifty: Slumped 625.9 points (2.55%) to 23,878.85.
This marks a sharp reversal from Monday’s gains, where the Sensex had climbed 941 points and the Nifty rose 223 points.
Major Losers and Gainers
Banking and financial stocks led the decline. Major laggards among Sensex firms included:
- HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Axis Bank
- Bajaj Finance, Bajaj Finserv
- Larsen & Toubro, State Bank of India, Reliance Industries, Mahindra & Mahindra
In contrast, Sun Pharma, Power Grid, and ITC were trading in positive territory.
Broader Market Context
The sell-off occurred amid mixed global cues. While US markets ended mostly higher on Monday, key Asian markets like Seoul, Tokyo, and Hong Kong were trading lower. Shanghai was an exception, quoting in the green.
Meanwhile, the global oil benchmark Brent crude climbed 0.21% to USD 83.70 a barrel.
FII Activity
Adding to the pressure, Foreign Institutional Investors (FIIs) offloaded equities worth Rs 2,051.53 crore on Monday, as per exchange data.
