Sensex Slides Over 500 Points From Day's High, Nifty Slips Below 24,000 Amid Global Sell-Off

Indian equity markets witnessed sharp volatility on Tuesday as benchmark indices erased their early gains, with the Sensex falling more than 500 points from its intraday high and the Nifty slipping below the crucial 24,000 mark.

The weakness was largely driven by negative global cues, heavy selling in IT and metal stocks, and broad-based profit booking after the recent rally. Selling pressure intensified during the afternoon session as investors turned cautious amid weakness across Asian markets.

Market breadth also remained weak, with declining stocks significantly outnumbering advancing shares, indicating widespread selling across sectors. According to market experts, investors preferred to reduce risk exposure amid rising uncertainty in global markets.

What Triggered the Fall?

Several factors contributed to Tuesday's decline:

• Sharp weakness across major Asian equity markets.
• Continued selling pressure in IT stocks following cautious global technology sentiment.
• Profit booking after recent gains in Indian equities.
• Concerns over global interest rates and risk appetite.
• Broad-based weakness across metal counters due to softer global commodity prices.