Stock Market Plummets: Sensex Falls 1,635 Points, Rs 10 Lakh Crore Wiped Out
Indian equity markets closed deeply in the red on March 30, the last trading day of financial year 2025-26. At the close, the Sensex fell 1,635 points while the Nifty dropped 488 points. Filmogaz.com reports a market capitalisation hit that wiped out around Rs 10 lakh crore.
Index movements and closing levels
Earlier in the session, the Nifty settled at 22,819.60. That represented a fall of 486.85 points, or 2.09 percent.
The BSE Sensex closed at 73,583.22, down 1,690.23 points, or 2.25 percent. Intraday figures showed sharp losses for both benchmarks.
Sectoral drag and market breadth
Banking stocks were the biggest drag on the indices. The Nifty Bank and the Nifty PSU Bank led declines across sectors.
Most large-cap names ended weaker, amplifying the downside pressure on benchmark indices.
Currency and commodity moves
The rupee slid to an all-time low against the dollar. Currency weakness added to investor concerns.
Gold futures traded roughly 2 percent lower. Silver futures fell about 1.32 percent.
Brent crude futures rose as much as 3.66 percent. Prices hit an intraday high near $116.70 per barrel, close to a 52-week peak.
Market context
- The sell-off intensified on the final trading day of the fiscal year.
- Broad losses erased significant market value, with approximately Rs 10 lakh crore wiped out.
Investors will watch global commodity moves and currency trends going into the new fiscal year. Market participants may reassess positions after the sharp end-of-year volatility.
