Sensex Crashes 650 Points, Nifty Near 24,250 as Investors Lose ₹3 Lakh Crore

The Quick Take

• Sensex drops more than 650 points (0.80%) to intraday low of 77,498 amid broad Indian equity market selloff.
• Nifty 50 falls over 200 points (0.84%) to intraday low of 24,266, with investors losing ₹3 lakh crore in market capitalisation.
• Broad-based selling across indices signals risk-off sentiment, with multiple macro and global factors cited as key drivers.

The Sensex selloff exceeding 650 points places Indian benchmark indices at critical technical levels, with the Nifty approaching the psychologically important 24,250 support zone. A market-cap erosion of ₹3 lakh crore in a single session signals institutional-scale selling activity rather than retail noise, suggesting the move is driven by meaningful FII or domestic fund repositioning. Mint Markets' Tier 1 reporting anchors the factual picture with specific intraday price levels across both indices.

Broad Indian equity selloffs of this magnitude typically trigger secondary effects across mid-cap and small-cap segments, which often decline at 1.5-2x the rate of large-cap benchmarks. The currency channel is equally important: FII equity exits typically generate dollar demand, pressuring the INR and creating a feedback loop where rupee weakness accelerates further FII outflows. This dynamic makes the FII/DII flow differential for the session the most critical data point to watch for positioning.

The Nifty's proximity to 24,000 is the key technical threshold to monitor—a sustained breach would signal an extended correction phase and could trigger systematic stop-loss selling from trend-following funds. Watch the RBI's response through OMO purchases or liquidity signals, which would indicate central bank tolerance for equity-driven financial tightening. Global risk appetite data, particularly US equity futures and USD/INR overnight moves, will set the tone for Nifty's opening in the next session.

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