MUMBAI — Indian benchmark indices snapped a two-day winning streak on the back of broad-based selling, dragging key barometers down sharply, according to reporting by Accredited Wire Reports.
The benchmark BSE Sensex tumbled 876 points, while the broader NSE Nifty retreated below the key 22,900 threshold. The substantial single-day decline erased the gains accumulated over the previous two sessions, reflecting immediate pressure across major market segments.
Sharp Selloff Knocks Benchmarks Lower
The abrupt reversal followed two consecutive sessions of market advances. Selling momentum intensified across the board, driving the Sensex significantly lower and causing the Nifty to breach psychological support levels.
Accredited Wire Reports noted that the downturn pushed the Nifty firmly under 22,900, marking a notable departure from the strength observed earlier in the trading week. Market participants faced downward movement as early momentum dissipated, resulting in the benchmark ending the session deep in negative territory.
Halting Consecutive Daily Gains
The drop of 876 points on the Sensex marked an end to the short-lived recovery phase that had supported domestic equities over the prior two trading days. The widespread decline left key indices unable to sustain recent upward trajectories, signaling a swift shift in daily trading patterns across the exchange floor.
