New Delhi, 09 March (H.S.): Global market mayhem triggered by escalating West Asia tensions spilled over into India's equity benchmarks today, unleashing a sharp sell-off in early trading.The domestic bourses kicked off with a dramatic downturn. Both Sensex and Nifty surged briefly in the first two minutes on buying support but quickly succumbed to heavy selling pressure. Despite intermittent buyer interventions, the relentless wave of profit-taking kept the markets under siege.
By 10 a.m., the BSE Sensex had tumbled 2.79% and the NSE Nifty 2.77%.Among heavyweight stocks, only Coal India traded in the green. In stark contrast, InterGlobe Aviation, State Bank of India, Shriram Finance, Tata Motors, and Jio Financial Services plunged between 4.70% and 7.53%.Trading activity encompassed 2,761 stocks, with just 218 advancing while 2,543 declined. All 30 Sensex constituents were in the red, and of the 50 Nifty stocks, only one held green while 49 bled red.
Sensex's Rollercoaster Ride
The BSE Sensex opened weakly at 77,056.75, down 1,862.15 points. Buying propelled it to 77,333.85 within two minutes, but selling pressure dragged it to 76,424.55 in the first 15 minutes. Buyers mounted a brief recovery, yet by 10 a.m., it stood at 76,716.37—a drop of 2,202.53 points.
Nifty Mirrors the Mayhem
The NSE Nifty opened at 23,868.05, down 582.40 points. It climbed over 90 points to 23,959.70 on initial support but cratered to 23,697.80 amid widespread selling in the first 15 minutes. A mild rebound followed, but by 10 a.m., it traded at 23,774—lower by 676.45 points.This rout follows Friday's close, when Sensex shed 1,097 points (1.37%) to end at 78,918.90, and Nifty lost 315.45 points (1.27%) at 24,450.45.
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Hindusthan Samachar / Jun Sarkar
