Sensex Plunges 1,353 Pts, Nifty Dips to 24,028 Amid Global Weakness; ₹8 Lakh Cr Wiped Out

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Sensex Plunges 1,353 Pts, Nifty Dips to 24,028 Amid Global Weakness; ₹8 Lakh Cr Wiped Out

Stock Market Live Updates: This week may appear to be a truncated one after the long weekend but it is not by any means. Starting with today's Nifty monthly expiry, the entire week has over 200 results to be reported, eventually culminating with the Union Budget presentation on Sunday, February 1. The Nifty heads into this all important week with 25,000 under threat of being broken again after another ₹16 lakh crore route last week. The index made a low last Friday of 25,025. Multiple moving parts grapple the markets. Geopolitical tensions, weakness in the rupee, lack of clarity over a US trade deal, among others. Stocks related to the EU-India trade agreement will be in focus today, along with multiple earnings reactions, ranging from Kotak Mahindra Bank, Axis Bank, Urban Company among others. Vodafone Idea, It is also an important earnings day with Asian Paints, Vodafone Idea, Tata Consumer, Motilal Oswal among others reporting results today. Watch this space for all the LIVE Updates.

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CNBC TV18•09-03-2026, 15:52

Sensex Plunges 1,353 Pts, Nifty Dips to 24,028 Amid Global Weakness; ₹8 Lakh Cr Wiped Out

•Benchmark indices Sensex and Nifty closed sharply lower, with Sensex tumbling 1,353 points and Nifty falling 422 points.
•Global market weakness, broad-based selling, and rising crude oil prices contributed to the market decline.
•Banking stocks were hit hard; Nifty Bank slumped 1,763 points, while IT stocks like Wipro and Infosys bucked the trend.
•Midcap losers included IDBI Bank, MRPL, and Bank of Maharashtra; PG Electroplast plunged 13%, Meesho hit lower circuit.
•Indian rupee weakened to a record low of 92.35 against the US dollar, and India VIX jumped over 23%.

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Stock Market Live Updates: This week may appear to be a truncated one after the long weekend but it is not by any means. Starting with today's Nifty monthly expiry, the entire week has over 200 results to be reported, eventually culminating with the Union Budget presentation on Sunday, February 1. The Nifty heads into this all important week with 25,000 under threat of being broken again after another ₹16 lakh crore route last week. The index made a low last Friday of 25,025. Multiple moving parts grapple the markets. Geopolitical tensions, weakness in the rupee, lack of clarity over a US trade deal, among others. Stocks related to the EU-India trade agreement will be in focus today, along with multiple earnings reactions, ranging from Kotak Mahindra Bank, Axis Bank, Urban Company among others. Vodafone Idea, It is also an important earnings day with Asian Paints, Vodafone Idea, Tata Consumer, Motilal Oswal among others reporting results today. Watch this space for all the LIVE Updates.

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