Sensex Crashes 1,650 in 4 Days

 

PulseNext Market Pulse | July 14, 1:30 PM IST

Relentless Selling Grips D-Street
India’s benchmark indices extended losses for the fourth straight session, with the Sensex plunging 1,650+ points (↓2%) and the Nifty 50 nosediving below 25,050. Monday’s slide saw the Sensex hit 82,059 (-400 pts) and Nifty tumble to 25,019.

Why the Meltdown?

Global Risk-Off Mood:
Fears of delayed US rate cuts, European political turmoil, and China’s economic slowdown spooked foreign investors. FIIs pulled ₹8,200 cr in 4 days.

IT Bloodbath:
Wipro, Infosys, Tech Mahindra dragged indices as recession fears hit tech spending. The sector sank 5% this week.

Profit-Booking:
Indices hit record highs in June. Overheated valuations triggered institutional selling.

Earnings Jitters:
Q1 results season begins this week. Caution prevails amid margin concerns.

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Silver Lining?

Mid/Small-Caps Shine:
BSE Midcap (+0.5%) and Smallcap (+0.5%) rallied as domestic liquidity chased growth bets.

Defensive Shift:
FMCG and pharma saw selective buying amid volatility.

Technical Breakdown

Nifty 25,000 is critical support. Breach opens 24,800 trapdoor.

Sensex faces resistance at 83,000; support at 81,800.

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All eyes on:
✓ US Fed Chair Powell’s testimony (Tue)
✓ India’s inflation data (Fri)
✓ TCS, HCL Tech Q1 results (Thu/Fri)

Markets need a positive trigger to break the fall. Until then, caution rules.

Data Point

Mon's Low: Nifty 25,019.75 | Sensex 82,059
4-Day Loss: Sensex -1,650 pts (↓2%) | Nifty -492 pts (↓1.9%)