Rs 8 lakh crore selloff! Sensex plunges 1,400 points from day’s peak as bulls lose steam; 3 triggers
The Economic Times 1 hr ago·21 Oct 2026, 9:18 am
The Indian stock market witnessed a sharp reversal on Tuesday, with the BSE Sensex falling over 1,400 points from its intraday high. This sharp decline wiped out nearly Rs 8 lakh crore in market value, signaling that investors are taking profits after a strong rally. The selloff was broad-based, affecting almost all major sectors, and was driven by three key factors: rising global crude oil prices, a stronger rupee, and profit booking by foreign investors.
For investors, this sharp correction is a reminder that markets can move quickly in both directions. While the recent uptrend was supported by strong domestic buying, the sudden pullback shows that global cues and foreign fund flows still play a major role. The sharp drop in market breadth also indicates that while some stocks are still holding up, many are facing selling pressure.
Going forward, investors should watch for the next move in global crude oil prices and the trend in foreign portfolio flows. A sustained fall in these areas could trigger further volatility. However, a strong rebound in domestic economic data or a pause in selling by foreign investors could help stabilize the market. Investors should remain cautious and avoid chasing stocks at high levels.
Excerpt from The Economic Times
On Wednesday, the Indian stock market saw a significant decline after an initial rise in the morning. Sensex and Nifty both climbed nearly 1% early on, reaching highs of 74,682 and 23,121 respectively. However, the market reversed course in the afternoon session, with selling pressure mounting. By the end of the day,…Read the original at The Economic Times
Key takeaways
- Category: Stocks.
- AI reads the tone as negative (potentially bearish) for the stock.
- Flagged as a high-impact, market-moving story.
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