SENSEX, NIFTY50 crash 5% amid trade war: 700 stocks hit 52-week low on BSE, ₹19 lakh crore investor wealth wiped out

The S&P BSE SENSEX crashed as much as 5.22% to 71,425.01 levels, while the NSE's NIFTY50 index tumbled 5% to hit a low of 21,743.65 levels.

At the time of writing this news, the 50-share index of the NSE was trading at 22,015, down 3.88%, or 889.45 points, while the SENSEX was trading at 72,684.13, down 2,680.56 points, or 3.56%.

All sectoral indices were trading in deep red, with IT, industrials and metal stocks taking the biggest knock.

All NIFTY50 stocks trade in the red

All 50 constituents were trading in the red. The biggest losers were Trent, Tata Steel, Tata Motors, JSW Steel, and Shriram Finance – down up 18%.

Market Statistics

The market breadth was in favour of declines hands down, as out of 3,470 stocks traded on the BSE, 3,090 declined, and 272 advanced, while 108 stocks remained unchanged.

As many as 700 stocks, at the time of writing this article, hit their 52-week low levels, while 18 stocks hit their one-year high levels.

As many as 326 stocks hit their lower circuit limits, while 61 touched their upper circuits.

Investor wealth got eroded by ₹18.68 lakh crore as the m-cap of BSE-listed firms dropped to ₹384.66 lakh crore from ₹403.34 lakh crore registered on Friday.

Volatility index

India VIX surged 31.1% to 18.04 levels. India VIX, or the India Volatility Index, is a metric calculated by the National Stock Exchange (NSE) to gauge market expectations of volatility over the next 30 days.

Broader market update

The NIFTY MIDCAP 100 index was trading 4.43% lower at 48,399.90 levels, while the NIFTY SMALLCAP 100 index was trading 5.48% lower at 14,816.55 levels.

Sector Update

The metal stocks took the hardest hit amid the trade war. The NIFTY METAL index was trading 8.33% lower at 7,713.75 levels.

All 15 constituents were trading in the red.

Shares of IT services companies continued their slide. The NIFTY IT index was trading 5.49% lower at 31,672.90 levels. Coforge was the biggest loser, down over 8.7%.