Sensex Crashes 778 Points, Nifty Slumps 280 Points Below 23,200
Mumbai: Indian equity markets ended sharply lower on September 15 as widespread selling battered heavyweight and broader-market shares. Weak global cues and continued foreign investor outflows further dampened sentiment. The Sensex plunged 778 points, or 1.04 percent, to close at 74,004. The Nifty declined 280 points, or 1.19 percent, ending the session at 23,119. Broader Markets Bleed Losses…
Indian equity markets plunged on September 15, 2022, as heavy selling across heavyweight and broader-market shares caused a sharp decline. The Sensex fell 778 points, or 1.04%, to close at 74,004. The Nifty slipped 280 points, or 1.19%, ending at 23,119. The broader market saw even steeper losses. The Midcap 50 and Smallcap 50 indexes dropped 373 and 235 points, respectively, closing at 17,556 and 9,714.
Auto, metal, pharmaceutical, real estate, and banking stocks faced significant selling pressure, contributing to the market's downward trend. Despite this, IT stocks provided some support, with HCL Technologies surging 3.95% to Rs 1,254, Infosys advancing 3.79% to Rs 1,077, and TCS gaining 2.28% to Rs 2,251. However, several major laggards, including BEL, Shriram Finance, and Adani Enterprises, declined sharply.
Global markets remained weak, with Asian markets such as South Korea's Kospi and Hong Kong's Hang Seng also falling. The situation was exacerbated by continued foreign outflows, with foreign institutional investors selling shares worth Rs 931 crore in the latest session alone.
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