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Indian equity markets
declined sharply after a record rally.Sensex fell over 1,000 points at 10:30 am, extending its lossesMajor losers included Infosys, Zomato,
Indian equity markets crashed this morning, a day after witnessing a record rally due to major geopolitical developments,
including India and Pakistan agreeing to a ceasefire and the US and China striking a trade deal.The benchmarks were already down in the
pre-market hours, with Sensex losing over 400 points
The losses expanded over time
Sensex, which represents the top 30 companies listed with the Bombay Stock Exchange, was down over 1,000 points at 10:30 am
NSE Nifty50 also lost over 200 points.Heavyweights like Infosys, Eternal (Zomato), and HCL Tech were the top losers in the Sensex pack,
while Sun Pharma, Tech Mahindra, and SBI Bank were among the gainers.Experts suggest that the benchmarks will likely consolidate after
It is being anticipated that buyer interest will continue in small and mid-cap stocks at lower levels, said Devarsh Vakil, Head of Prime
Research at HDFC Securities.Hardik Matalia, Derivative Analyst, Choice Broking, advised traders to avoid large overnight positions and
enforce tight risk controls due to the current global uncertainties.India and Pakistan announced a ceasefire on Saturday evening, with
cross-border firings easing and the border areas seeing relative calm over the last two days
India's clear superiority in warfare and its inherent resilience, supported by global and domestic macros, worked in its favour, according
to experts.Most Asian stock markets were trading in the green too, including Tokyo, Bangkok, Seoul, and Shanghai
Only Hong Kong was in red.The Indian markets had rallied over 3.5% the previous day, with Sensex rising nearly 3,000 points
Nifty had added another 917 points
Even Asian stocks performed well and contributed to the global gains.Later in the evening, US markets posted a solid rise as the two
economic superpowers appeared to step back from a punishing trade war
The Dow Jones Industrial Average jumped 2.8% while S&P 500 went up 3.3% and the tech-focused Nasdaq Composite Index ended 4.4% higher
