Sharp Final-Hour Market Fall Wipes Out Early Gains; Metal and Auto Stocks Lead Decline
MUMBAI ( Economy India): Indian benchmark equity indices witnessed a sharp sell-off on Friday, with the BSE Sensex plunging 1,092 points to close at 74,775, while the NSE Nifty declined 359 points to settle at 23,547.
The markets had opened on a positive note earlier in the day, but heavy selling pressure in the final trading hour triggered a dramatic collapse in benchmark indices.
Market Opened Higher Before Sharp Reversal
At the opening bell around 9:15 AM, the Sensex had gained 121 points to trade at 75,988, while the Nifty opened marginally lower by 5 points at 23,902.
However, volatility increased through the session as investor sentiment weakened gradually.
Before 3 PM, the Sensex was trading nearly 450 points lower at around 75,531, while the Nifty had slipped approximately 130 points to 23,773.
Massive Final-Hour Sell-Off Hits Markets
The market witnessed a sudden and sharp correction after 3 PM, leading to panic selling across sectors.
During the final phase of trading, the Sensex plunged nearly 950 points to touch an intraday low of 74,589, while the Nifty dropped around 300 points to hit the day’s low of 23,484.
Over the course of the trading session, the Sensex corrected nearly 1,600 points from its intraday high, while the Nifty lost more than 500 points from peak levels.
Metal and Auto Stocks Among Worst Hit
Metal and auto sector stocks emerged as the biggest losers during Friday’s session, dragging benchmark indices sharply lower.
Analysts said profit booking, weak global cues, foreign fund outflows and rising volatility contributed to the broad-based decline in equities.
Heavyweight stocks across key sectors also came under pressure as investors turned cautious amid uncertainty in global markets.
Volatility Raises Investor Concerns
Market experts noted that the sharp late-session decline indicates heightened nervousness among investors.
The sudden fall erased most of the optimism seen during early trade and reflected fragile market sentiment amid concerns over global economic trends, interest rates and geopolitical developments.
Investors are now expected to closely monitor global cues, institutional investor activity and upcoming macroeconomic data for further market direction.
Broader Market Under Pressure
The broader market also witnessed weakness, with several mid-cap and small-cap stocks trading in negative territory.
Traders said the final-hour decline triggered stop-loss selling and intensified pressure across multiple sectors.
Despite intermittent recovery attempts during the session, sustained selling momentum prevented markets from stabilising before closing.
(Economy India)
