Welcome to a new episode of Et Market Watch, where we bring you the latest news from the world of stock markets every day. Let’s go there.
Markets today extended losses as several headwind weighed on investor sentiment. The Sesex fell 572 points and closed at 80,891 and the Nifty fell 156 points, ending at 24,680.
That is almost £ 4.9 Lakh Crore in the market hood that has been wiped out in a single session.
Here are 5 important reasons for today’s slide:
1 .. India -us commercial interviews are stuck
Trade negotiations between India and the US have affected an impasse, mainly about rates for dairy and agricultural products.
While the US has concluded a framework agreement with the European Union during the weekend, the India deal is still in the dark.
That is the confidence of investors and the expressing of concern about the worldwide trading momentum of India.
2. Weak Q1 income, led by Kotak Bank
Kotak Mahindra Bank today fell 7.3% after a decrease in the quarterly profit.
Gross NPAs rose to 1.48%, the margins limited to 4.65%and the total activa quality weakened.
This contributes to earlier disappointments of Axis Bank and points to increasing pressure in the banking sector.
3. TCS junks have made the sector
TCS shares fell 1.6% after the dismissal of 12,000 employees, or 2% of his global workforce, fell.
This is not about AI who replaces jobs, it is about a weak question and internal rescheduling.
The Nifty IT index closed 0.7% lower, with Wipro, HCL Tech and Infosys also in red.
It remains the worst performing sector of 2025, almost 24% compared to the peak.
4. FIIs keep selling
Foreign Investors today sold £ 1,979 crore in shares and continued their exit for the fifth consecutive session.
Last week alone they pulled more than £ 13,500 crore.
Diis tried to dampen the fall with £ 2,100 crore in purchases, but the pressure remains.
5. Technical breakdown
Technically, the Nifty slid under the key support under 24,700.
It could not hold above the 50-day EMA, while RSI signals remain negative.
Analysts warn of further down to 24,550, unless the index breaks back above 24,800-24,950.
So a mix of weak income, global commercial insecurity, technical dismissals, FII sales and technical pressure drove the market lower today.
Will this downward trend continue, or can domestic flows and strong income from selected banks support?
We will follow that closely, here on the Market Watch.
Thank you for coordinating.
This is Neha Vashishth, who was signed today.
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