Market Meltdown! Investors Lose Rs 8 Lakh Crore as Nifty, Reliance Sink

On Thursday, the Nifty-50 fell for the fourth straight day, with major stocks like Reliance and HDFC Bank taking a big hit. This widespread sell-off caused sectoral indices to drop, and investors lost about Rs 8 lakh crore in wealth.

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Nifty-50 falls for the fourth consecutive session

On Thursday, the Nifty 50 fell for the fourth straight session, dropping below its 20-DMA (20-day moving average) of 26,000. The index also failed to hold the 25,900 level.

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Reliance Plummets

Reliance Industries remained the biggest drag on the Nifty, falling for the fourth day in a row. It has dropped 9% from its record high, losing Rs 1.7 lakh crore in market cap.

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HDFC Bank Also Suffers Losses

HDFC Bank also fell for the fourth consecutive day. India's largest private bank has lost about Rs 85,000 crore in market capitalization during this period.

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Decline in Market Breadth as Well

The sell-off was widespread in the broader market, with 95 of the 100 Nifty Midcap stocks and 85 of the 100 Smallcap stocks ending the session with losses.

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Metal Index Leads Sectoral Losses

The recently outperforming Nifty Metal index fell by about 3.5%, with all 15 components ending lower. JSPL, NALCO, Hindustan Copper, and NMDC were the top losers.

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IT Stocks Fall Ahead of Quarterly Report

IT stocks underperformed. All index components fell, with Wipro, Coforge, and Oracle Financial Services Software dropping 3–3.5%.

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Some Stocks See Gains

Despite the weak market, Balaji Amines and Panacea Biotec surged up to 13%, reacting positively to stock-specific developments.

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Capital Goods Stocks Fall in the Last Half Hour

Capital goods stocks sold off heavily in the last half hour. BHEL fell over 10% after a Reuters report on Chinese firms bidding for Indian contracts. ABB, Siemens, and L&T also fell.

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Transformers and Rectifiers Stock Falls After Quarterly Report

Despite reporting a 35% rise in quarterly profit and margin expansion, Transformers and Rectifiers (India) shares fell by about 9%.

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Rs 8 Lakh Crore Loss

Thursday's sell-off wiped out nearly Rs 8 lakh crore of investor wealth. Friday will be crucial as markets watch the US Supreme Court hearing on Trump tariffs and US jobs data.