Sensex nosedives over 1000 points, panic in market due to Trump & Reliance

Indian equity markets extended their sharp decline for a third straight session, with the Sensex nosediving over 1,000 points intraday and the Nifty slipping below the 25,000 mark, as global uncertainty and weak domestic earnings rattled investor confidence. Selling pressure intensified amid fears linked to US President Donald Trump’s aggressive global stance and disappointment over Reliance Industries’ earnings.

The Sensex plunged to an intraday low of 81,124, while the Nifty touched 24,920, erasing nearly ₹6 lakh crore in investor wealth. Early gains faded quickly as relentless selling gripped Dalal Street, reflecting heightened risk aversion across global and domestic markets.

Global cues remained sharply negative after Trump’s renewed threats over Greenland and trade tensions with Europe revived fears of a fresh global trade war. Weak overnight cues from Wall Street and a broad selloff across Asian markets further deepened the pressure on Indian equities.

Domestic sentiment was hit by an uneven earnings season, with heavyweight stocks such as Reliance Industries and ICICI Bank weighing heavily on benchmark indices. Technology and realty stocks led sectoral losses as investors grew cautious about rich valuations and slowing earnings momentum.

Adding to the stress, the rupee slipped to a record low, while foreign institutional investors continued their selling spree for the eleventh straight session. Although domestic institutions offered some support, persistent foreign outflows and technical breakdowns kept the market firmly in bearish territory.