Markets Plummet: Sensex Drops 1,650 Points, Nifty Falls Below 22,350

Equity markets fell sharply on heavy selling in banking stocks. Nifty extended losses for a second session and slipped below 22,400.

Market indices and volatility

The Sensex plunged more than 1,500 points, falling about 2 percent. Traders cited broad-based selling across sectors.

Volatility rose as India VIX gained roughly 3 percent. Online searches also showed interest in keywords like Markets Plummet and references to 1,650 points and below 22,350.

Sector performance

All sectors ended the day in the red. The banking index led the decline across categories.

Investor caution weighed on financials and cyclicals. Defensive names outperformed within a weak market.

Market breadth and flow

Market breadth deteriorated sharply on the session. The advance-decline ratio stood near one to four.

Forty-six Nifty stocks closed lower, with only four advancing. Selling was broad-based across large-cap names.

Top Nifty 50 gainers

• Hindalco
• Coal India
• ONGC

Top Nifty 50 losers

• Bajaj twins
• SBI
• Jio Financial

Filmogaz.com will continue tracking market moves and report updates ahead of the next session. Investors await fresh cues from global markets and domestic data.