The Sensex plunged by 2,222.55 points, closing at 78,759.40, while the Nifty fell by 662.10 points, ending the day at 24,055.60. Among the Nifty companies, only 5 advanced while 45 declined, underscoring the market's bearish sentiment.
The Sensex, India's benchmark stock index, opened with a sharp decline on Monday. The index has seen significant declines on several occasions, often in response to global and domestic economic events.
Indian markets experienced one of the worst falls on Monday with both the indices Nifty, and Sensex registered high losses during the opening trade. Indian stock markets followed the global bloodbath.
The report highlights the key indicators which reflect the extreme valuations in the Indian markets. It added that the market cap to GDP ratio stands at 150 per cent, matching the 2007 peak.
The Indian stock market exhibited volatility over the past week after touching a fresh lifetime high. The benchmark indices closed marginally lower amid mixed signals.
According to analysts, Indian stock markets experienced a sharp fall, tracking a sell-off in the US markets. Weak US manufacturing activity raised concerns that the economy might be slowing faster than anticipated.
The Nifty 50 index opened with a decline of 221.90 points (0.89 per cent) at 24,789 points, while the BSE Sensex index declined by 708.55 points (0.87 per cent) to 81,158.99 points during the opening session.
The Indian stock market achieved a new milestone, with both Nifty and Sensex reaching a record high on Thursday. The markets got support from the US Federal Reserve deciding to keep the interest rates unchanged for the eighth straight time.
Indian markets on Thursday opened at a record high, with Nifty starting at 25,030.95 after gaining 92.15 points (0.37 per cent) from the previous close. The BSE Sensex also surged to a record high of 82,082 after opening at 81,949.68 points, with a gain of 208.34 points or 0.25 per cent.<
Indian stock markets ended flat on Tuesday after a volatile trading session. The Nifty 50 index tried to touch the historic mark of 25,000 but closed below.
On Tuesday, Nifty at National Stock Exchange or NSE opened in green territory at 24,839.40 up 3.30 points a marginal 0.01 per cent up, while the BSE Sensex opened with the red mark at 81349.30 down 6.56 points or 0.01 per cent.