Indian equity markets saw a sharp sell-off on Friday. The BSE Sensex plunged more than 700 points, while the Nifty50 slipped below 24,850, settling around a decline of approximately 0.9%.
Financial stocks in distress during Market Crash
Bajaj Finance shares plunged over 6%, wiping out ₹38,000 crore in market value. Due to rising credit cost, brokerages signalled red flags over growing credit costs and weakening asset quality in its MSME segment. Even the earnings were above expectations. Analysts also cited uneasiness about the company’s leadership succession.
Foreign institutional investor (FII) outflows continue
Foreign institutional investors are continuously selling, adding to bearish move in the market. Institutional investors sold over ₹10,169 crore of equities during mid of July. It reflects their relatively high market valuations and getting caution about market uncertainties.
Positive But Mixed signals on the India‑UK trade deal
Irrespective of the India-UK free trade agreement yesterday, there seems to be a lot of uncertainty around a potential US‑India trade deal and broader global instability speeded risks. Investors appear way ahead of an upcoming U.S. tariff deadline on August 1.
Market Crash: Weak global signals
The markets in Asia and Europe fell on weak growth data and trade fluctuations. This global headwind spilled over into Indian markets, depressing investor confidence across sectors.
A Snapshot
• Sensex: Down over 700 points to roughly 81,452
• Nifty50: Fell nearly 234 points to around 24,828
• Top Gainers: CIPLA, SBILIFE, APOLLOHOSP, DRREDDY, HDFCLIFE
• Top Losers: BAJFINANCE, SHRIRAMFIN, BAJAJ-AUTO, INDUSINDBK, BAJAJFINSV
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Ankur Mishra is a journalist who covers an extensive range of news, from business, stock markets, IPOs to geopolitics, world affairs, international crises, and general news. With over a decade of experience in the business domain, Ankur has been associated with some of the reputed media brands. Through a sharp eye on global marketplaces along with deep insights and analysis of business strategies, Ankur brings simplicity to the complex economic matrix to decode market trends and empower people.
He is committed to entrenched data, facts, research, solutions, and a dedication to value-based journalism. He has covered trade tariff wars, international alliances, corporate policies, government initiatives, regulatory developments, along with micro- and macroeconomic shifts impacting global fiscal dynamics.
