Indian equity markets deepened their losses on Wednesday, with the benchmark Sensex crashing nearly 750 points, or 1%, to hit an intraday low of 76,722.
The broader Nifty 50 index also succumbed to selling pressure, dropping over 200 points to breach the critical 24,000 support level, touching an intraday low of 23,973.70.
This marks a continuation of the sharp decline that began on Tuesday, when the Sensex had already dropped more than 500 points to an intraday low of 77,063.
The selloff was broad-based, but mid- and small-cap segments underperformed the large-cap benchmarks, indicating a flight to quality or a broader risk-off sentiment among domestic investors.
This marks a continuation of the sharp decline that began on Tuesday, when the Sensex had already dropped more than 500 points to an intraday low of 77,063.
The breach of the 24,000 level on the Nifty 50 is technically significant, as it represents a key psychological and structural support zone.
The failure to hold this level suggests that bearish momentum is gaining traction, potentially triggering further stop-loss orders and algorithmic selling in the coming sessions.