Sensex crashes 876 points, Nifty falls below 22,900 on private bank sell-off
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Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Sensex crashed 876.37 points and Nifty fell to 22,888.95 on Monday as private bank stocks faced heavy selling.
- ✓Major firms like Axis Bank, HDFC Bank, and Infosys led the losses.
- ✓Vinod Nair said, "Indian equities came under renewed selling pressure, reversing the recent recovery as weak global cues weighed on sentiment."
Story at a Glance
- Category
- MARKET
- Reported By
- The Telegraph
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Axis Bank, UltraTech Cement, Infosys, Bajaj Finance, Trent, NTPC and HDFC Bank were among the major laggards
Benchmark equity indices ended sharply lower on Monday after two days of a rally, with the Sensex tumbling 876.37 points and the Nifty dropping to 22,888.95, following a decline in private bank stocks, mainly HDFC Bank and Axis Bank, and weak global trends.
The 30-share BSE Sensex tumbled 876.37 points, or 1.17 per cent, to settle at 73,852.90. During the day, it crashed 1,020.73 points, or 1.36 per cent, to 73,708.54.
The 50-share NSE Nifty dropped 257.20 points, or 1.11 per cent, to end at 22,888.95.
From the 30 Sensex firms, Axis Bank declined 3.85 per cent despite the private sector lender reporting a 39.4 per cent rise in its consolidated net profit to Rs 7,704.67 crore in the second quarter of FY 2026-27, supported by higher core income and improvement in asset quality.
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The Telegraph
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