Indian equities ended Monday’s session deep in the red. The Sensex closed at 85,102.69, down 0.71%, while the Nifty ended the day at 25,960.55, lower by 0.86%. The pressure was equally visible in banking, with the Nifty Bank closing at 59,238.55 , down 0.90%.
Both the BSE SmallCap and midcap indices plunged 2%.
Why the market cracked today
The sharp fall wasn’t driven by a single trigger, but a mix of domestic and global concerns that pushed investors towards risk-off sentiment.
The biggest hit came in small and midcap stocks. Investors shifted capital back to large caps ahead of the upcoming holiday season, indicating a clear change in risk appetite.
Global mood also stayed cautious as markets awaited the US Federal Reserve’s policy decision later this week, an event that typically influences foreign capital flows.
Adding to the pressure was the persistent weakness in the Indian rupee, which hovered near its recent lows. Meanwhile, foreign institutional investors (FIIs) continued to offload shares in December, marking six straight days of sel
Top gainers today
The top gainers in today’s trade include Tech Mahindra, Reliance Industries, HDFC Bank.
Major laggards in trade
On the flip side, several heavyweights pulled the indices down. Key losers include BEL, Eternal, Trent, Tata Steel among other stocks.