Sensex tanks 500 points, Nifty closes below 25,000 mark
Markets took a hit on Friday: Sensex fell by 501.5 points to close at 81,757.73, and Nifty slipped below the key 25,000 mark, closing at 24,968.4.
Financial stocks like Axis Bank and HDFC Bank led the slide, with the Nifty Bank index down nearly 1%.
Midcap and smallcap indices also lost ground as selling pressure spread across most sectors.
Why markets are on a back foot today
This dip signals investors are getting cautious—especially with foreign portfolio investors (FPIs) turning sellers in July after months of buying.
Global worries like US Fed policy and rising oil prices aren't helping either.
If you're tracking market trends or thinking about investing, it's a good moment to watch how global events and big money flows shape what happens next.
Only metals managed to hold steady
Profit booking in financial stocks after mixed earnings (looking at you, Axis Bank), plus ongoing global uncertainties and FII selling, triggered today's broad-based decline.
Only metals managed to hold steady while most other sectors saw losses.