Mumbai, April 4 — The Indian stock market witnessed a sharp downturn today as the benchmark BSE Sensex nosedived by 930.67 points, or 1.22%, closing the day at 75,364.69. This marked a significant drop from the previous close of 76,295.36, raising investor concerns over broader market sentiment.
The market opened on a weak note and remained under pressure throughout the session, with a visible dip post-lunch as selling intensified. Intraday charts show that the index briefly attempted a recovery in the late morning hours but failed to sustain gains, succumbing to profit booking and negative cues from global markets.
Experts attribute the slide to a combination of factors, including global uncertainty, potential interest rate decisions by the U.S. Federal Reserve, and caution ahead of key domestic earnings reports. Additionally, volatility in mid- and small-cap stocks contributed to the broader market weakness.
Despite the fall, market watchers suggest this could be a healthy correction after the recent rally, and long-term fundamentals remain intact. Investors are advised to stay cautious and watch for key triggers in the coming days.
Stay tuned for further updates as the market navigates through this turbulence.