Synopsis : After two days of gains, Indian equity markets plunged sharply on May 27, with the Sensex falling over 900 points and Nifty breaching the 24,800 mark. Weak sentiment across large-cap stocks and earnings anxiety weighed on indices, while midcaps showed resilience.
Markets Plunge: Sensex Nosedives 900 Points, Nifty Drops Below 24,800 Amid Broad Selloff
The Indian stock market witnessed a sharp correction on Monday, May 27, as investor sentiment turned bearish after a short-lived rally. The Sensex tanked over 900 points in intraday trading, while the Nifty50 slipped more than 1%, falling below the 24,800 mark before recovering slightly from the day’s lows.
At open, the Sensex was down by over 100 points but quickly accelerated losses. The Bank Nifty opened 88 points lower at 55,484, while the Nifty Midcap 100 defied the trend, rising 0.11% to 57,127.60, showcasing midcap strength amid broader market weakness.
Market Insights:
Analyst View:
Akshay Chinchalkar of Axis Securities highlighted a key technical level to watch:
“If Nifty holds 24,462, bulls could target 25,400–25,600. However, the risk of further dip remains if this level breaks.”
Top Gainers and Losers:
Top Gainers (Nifty 50):
Bharat Electronics
IndusInd Bank
Dr Reddy’s Laboratories
Hindalco
Shriram Finance
Top Losers:
NTPC
Bajaj Finserv
Mahindra & Mahindra
Grasim Industries
Tata Motors
Stocks to Watch:
HDFC Bank, ICICI Bank, Infosys, Axis Bank, and Reliance Industries were among the most active early movers.
Investors are closely watching Q4 earnings from a slew of companies including LIC, Bosch, NMDC, Info Edge, and Hindustan Copper.
Q4 Earnings on Radar:
Today’s earnings lineup includes key players:
Life Insurance Corporation of India
Bharat Dynamics
Bosch
Gujarat Fluorochemicals
Info Edge (India)
Zinka Logistics
Triveni Engineering
…and others.
These reports are expected to influence short-term sentiment and sector-specific movements.
Disclaimer : This article is intended for informational purposes only and should not be considered as investment advice. Always consult a financial advisor before making market-related decisions.
