Market Performance
On Friday, August 8, the Indian stock market faced a sharp sell-off, wiping out significant investor wealth.
Both Sensex and Nifty 50 ended the session nearly 1% lower, dragged down by rising trade tensions and global uncertainty.
- Sensex fell 765.47 points or 0.95% to close at 79,857.79
- Nifty 50 dropped 232.85 points or 0.95%, settling at 24,363.30
- BSE Midcap index declined by 1.56%
- BSE Smallcap index fell by 1.03%
The sharp fall pushed the market capitalization of BSE-listed companies down to ₹440 lakh crore from ₹445 lakh crore, resulting in a loss of ₹5 lakh crore in a single day.
Main News
The Sensex and Nifty crash was primarily driven by escalating tariff tensions between the US and India.
US President Donald Trump’s decision to impose a 50% tariff on Indian goods created panic across markets, fueling investor fears about the impact on India’s trade and economy.
Additionally, Trump announced that trade negotiations will remain on hold until the tariff dispute is resolved, further deepening concerns.
Other contributing factors included:
- Persistent FII outflows of ₹4,997.19 crore
- Weak global cues from Asian and US markets
- Rupee depreciation by 5 paise, hitting ₹87.63/USD
- A rise in India VIX to 11.84, signaling increased volatility
Top Gainers and Losers
Despite the broader market weakness, only nine stocks in the Nifty 50 index ended in the green:
- NTPC: +1.59%
- Titan Company: +1.49%
- Dr. Reddy's Laboratories: +1.18%
Top Nifty losers included:
- IndusInd Bank: -3.32%
- Bharti Airtel: -3.28%
- Adani Enterprises: -3.15%
Sectoral Performance
Every sectoral index ended in the red:
- Nifty Realty, Consumer Durables, and Metal indices dropped by up to 2%
- Nifty Bank and Financial Services lost nearly 1% each
Most Active Stocks by Volume
High trading volumes were seen in:
- Vodafone Idea: 37.33 crore shares
- Bharti Airtel: 9.38 crore shares
- Jaiprakash Power Ventures: 5.8 crore shares
BSE Market Breadth
- Total stocks traded: 4,173
- Advancing stocks: 1,523
- Declining stocks: 2,506
- Unchanged: 144
Stocks Defying the Market Trend
Eight stocks managed to rise over 15%, despite the market crash:
- Pioneer Investcorp
- KG Denim
- Mirc Electronics, among others
52-Week Highs and Lows
- 119 stocks hit their 52-week highs, including:
- 110 stocks touched 52-week lows, such as:
Company Details and Market Sentiment
The sharp correction in Sensex and Nifty reflected the market’s growing unease with foreign policy risks and economic instability.
The US’s decision to double tariffs has impacted sentiment not just for export-driven sectors but for the entire equity landscape.
The ongoing foreign institutional investor (FII) selling spree and rupee pressure continue to act as major overhangs.
Meanwhile, domestic institutional buying provided limited support as broader investor sentiment remained weak.
Summary of the Article
- Sensex crashed 765 points, and Nifty dropped 233 points, each declining by 0.95%
- A ₹5 lakh crore loss in investor wealth occurred in just one session
- The fall was triggered by US tariff hikes, FII selling, and global market weakness
- Every sectoral index ended in red; only 9 Nifty 50 stocks closed in the green
- Over 110 stocks hit 52-week lows, while 119 stocks touched new highs
- Market volatility is rising, with caution expected to remain in the short term
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