Indian investors saw a “Black Tuesday” as panic selling drove the Sensex down over 1,500 points, wiping out more than Rs 10,00,000 crore of investor wealth in a single session. Market-cap losses on BSE-listed firms deepened, with total losses since the February war now exceeding Rs 60 lakh crore, sparked by worsening geopolitical signals and a “life support” warning tied to a West Asia ceasefire.
Indian markets slid sharply on Monday as the Sensex tumbled about 1,000 points and the Nifty fell below 23,900, wiping out significant value. The selloff was linked to Prime Minister Narendra Modi’s call for energy conservation and growing uncertainty around the chances of an Iran–US peace deal. Investors reacted fast to both domestic and geopolitical cues.
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Voltamp Transformers shares slumped about 20% after weak Q4 FY26 results. Profit halved and margins fell sharply, blamed on one-time provisions, rising input costs, and adverse currency impact. Revenue was largely flat in the quarter, but the full-year picture held up with growth, while the order backlog remained strong.
The US stock market turned sharply lower as the Dow fell about 565 points and the S&P 500 and Nasdaq also slid, with every sector ending in red. Around $200 billion reportedly disappeared in minutes. Traders point to surging oil—WTI up about 3.4% and Brent up roughly 5%—as rising tensions near the Strait of Hormuz rapidly shifted investor sentiment.
Indian markets tumbled sharply on Thursday, with the Sensex and Nifty falling steeply and losing a large chunk of value. The selloff spread across smallcaps and midcaps. Traders pointed to rising oil prices, a US presidential “blockade” warning, and hawkish signals from the Federal Reserve, while exit polls added to volatility.
India’s Nifty IT index slid about 10% in a single week, its worst stretch since March 2020, as weak Q4 earnings and cautious guidance spooked investors. Heavy selling accelerated amid FIIs reducing exposure and deteriorating technical indicators. While some investors see value in mid-cap IT names over the long run, analysts warn downside risk may persist.
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During India’s March selloff, mutual funds are estimated to have deployed about Rs 80,000 crore into equities, cutting back cash holdings as they moved to offset heavy foreign institutional investor selling. The purchases arrived during an over 11% market correction and amid rising crude oil prices tied to the Gulf crisis, underscoring a sharp inverse link between oil and Indian equities.
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