Sensex and Nifty News: Benchmarks Slide for 3rd Day, ₹12 Lakh Crore Wealth Wiped Out

Market Performance

• Sensex: Opened at 81,299.97, hit an intraday low of 80,776.44 (‑0.84%), and closed 572 points lower (‑0.70%) at 80,891.02.
• Nifty 50: Touched an intraday low of 24,646.60 (‑0.80%) and settled at 24,680.90, down 156 points (‑0.63%).
• Broader markets: BSE Midcap ‑0.73%, Smallcap ‑1.31%.
• Three-session damage: Sensex ‑1,836 points (‑2.2%); Nifty 50 ‑2.1%.
• Investor wealth erosion: Over ₹12 lakh crore in three days — BSE m-cap fell from ₹460.35 lakh crore (July 23) to ~₹448 lakh crore. On Monday alone, m-cap slipped by ~₹4 lakh crore from ₹451.7 lakh 

Main News: What dragged the market? (Sensex and Nifty News)

1) India–US trade deal uncertainty

• With the August 1 deadline nearing, no fresh official communication has emerged.
• US demand for wider access to agri, dairy and GM products remains the key sticking point; India seeks to protect its farmers.

2) Relentless FPI/FII outflows

• FPIs sold ₹30,509 crore in equities in July (till 25th).
• ₹13,552 crore was offloaded just in the last five sessions.

3) Soft Q1 earnings, valuation worries

• Q1 results lack major positive surprises, stoking fears of a valuation mismatch.

4) No fresh positive triggers

• Despite macro resilience, weak earnings and tariff-related uncertainties are weighing on sentiment.

5) Rising volatility

• India VIX jumped ~7% to 12.07, signaling nervousness among traders.

6) Global cues & crude

• Asian markets (Kospi, Nikkei 225, Shanghai Composite) traded weak.
• Brent crude edged up 0.29% to $68.64/bbl, raising input cost and inflation worries for India.

7) Pressure in IT

• Nifty IT declined with losses in Wipro, TCS, HCL Tech, Tech Mahindra.
• TCS also announced a 2% reduction in global workforce.

Company Details: Kotak Mahindra Bank at the center (Sensex and Nifty News)

Stock Move

• Kotak Mahindra Bank fell ~7% intraday, becoming the top Nifty Bank laggard.
• Nifty Bank was down up to 0.4%, with 8 constituents in the red.

Financial Snapshot (Q1)

• Net Profit: ₹4,472 crore vs ₹7,448 crore a year ago.
  • Note: Last year’s figure included a one-time gain of over ₹3,000 crore from a stake sale in its general insurance arm.
• Portfolio Stress: The bank flagged stress in its retail commercial vehicle (CV) book due to unfavourable macro conditions.

Macro Watch

• ADB cut India’s FY26 GDP growth forecast to 6.5% (from 6.7%).
• India Ratings (Ind‑Ra) lowered FY26 growth to 6.3% (from 6.6%).

Summary: Sensex and Nifty News — Key Takeaways

• Third straight fall for Sensex and Nifty 50, with broad-based selling across large, mid and small caps.
• Heavy FPI selling, trade deal uncertainty, uninspiring Q1 earnings, rising volatility, and global weakness hit sentiment.
• Kotak Mahindra Bank’s sharp drop and IT underperformance amplified the slide.
• ₹12 lakh crore evaporated from investor wealth in just three sessions.