Stock Market Crash News: The stock market has been experiencing a downturn for quite some time, and today was no exception, as both Sensex and Nifty saw a significant decline. This led to disappointment among investors, who had to bear substantial losses. As soon as the market opened, Sensex plunged by over 1,010 points, while Nifty also dropped by more than 320 points, resulting in a sharp decline in market capitalization.
Decline Across Banking, Auto, and IT Sectors
According to the latest data, major losing stocks included IndusInd Bank, Tech Mahindra, Mahindra & Mahindra, Wipro, and HCL Tech, with declines ranging from 3% to 5%. These stocks continued to trade in the red. However, amidst this downturn, top gainers included Coal India, HDFC Bank, Shriram Finance, and Grasim.
Gold Prices Also Decline
On the other hand, gold prices also witnessed a sharp drop. MCX gold rates came under heavy pressure during Friday morning’s trading session. The April 2025 gold futures opened at ₹84,899 per 10 grams, and within minutes of the opening bell, it hit an intraday low of ₹84,840. A similar selling pressure was observed in the international market as well.