Indian Stocks Plunge: Sensex, Nifty Crash; ₹8 Lakh Crore Market Cap Wiped Out

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CNBC TV18•08-01-2026, 15:42
Indian Stocks Plunge: Sensex, Nifty Crash; ₹8 Lakh Crore Market Cap Wiped Out
- •Indian equities ended sharply lower, with Sensex falling 780 points to 84,181 and Nifty dropping 264 points to 25,877.
- •BSE-listed companies lost over ₹8 lakh crore in market capitalisation due to widespread selling pressure.
- •All sectoral indices closed lower, led by Metals (down 8%) and IT stocks (Wipro, Tech Mahindra, TCS among top losers).
- •Nifty Bank slipped 304 points, and the midcap index plunged 1,200 points. Capital goods stocks also faced heavy selling.
- •IDFC First Bank, Balaji Amines, and Panacea Biotec bucked the trend with gains.
Why It Matters: Indian stock markets saw a sharp decline, wiping out ₹8 lakh crore in market cap across sectors.
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