Monday mayhem: Global turmoil drags Sensex, Nifty 3% lower; all sectors in red

At close, the Sensex was down 2,222.55 points or 2.74 percent at 78,759.40, and the Nifty was down 662.10 points or 2.68 percent at 24,055.60.

The Indian markets plunged more than 3 percent intraday on August 5 driven by weak global sentiments led by potential US recession worries after disappointing job data, manufacturing PMI, and jobless claims.

Additionally, escalation of geopolitical tensions and fears of a reverse Yen carry trade added to the worries.

The Nifty50 index has breached 23,900 for the first time since June 26. At today's low point, both the benchmarks shed nearly 5 percent from the respective record highs tested in the last week.

Also Read - Bets on an off-cycle Fed rate cut rise as weak US data triggers a global selloff

On the back of weak global cues, the Indian indices opened gap-down and extended the losses as the day progress with Nifty hitting low of 23,893.70, intraday, amid selling across the sectors. However, towards the end recovered some of the losses.

At close, the Sensex was down 2,222.55 points or 2.74 percent at 78,759.40, and the Nifty was down 662.10 points or 2.68 percent at 24,055.60.

Also Read - Nifty, Sensex bleed amid weak global cues: Here are 5 factors that dampen sentiment

Biggest Nifty losers were Tata Motors, Adani Ports, ONGC, Hindalco, Tata Steel, while gainers included HUL, Nestle, Tata Consumer, HDFC Life.

Index	Prices	Change	Change%
Sensex	84,211.88	-344.52	-0.41%
Nifty 50	25,795.15	-96.25	-0.37%
Nifty Bank	57,699.60	-378.45	-0.65%

Nifty 50 25,795.15 -96.25 (-0.37%)

Fri, Oct 24, 2025

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
Hindalco	824.45	32.05	+4.04%

Biggest Loser	Prices	Change	Change%
Cipla	1,584.40	-60.70	-3.69%

Best Sector	Prices	Change	Change%
Nifty Metal	10347.50	105.60	+1.03%

Worst Sector	Prices	Change	Change%
Nifty FMCG	56348.10	-424.30	-0.75%

All the sectoral indices ended in the red with auto, metal, capital goods, oil & gas, power, media, realty down 4 percent each.

The BSE Midcap index shed 3.6 percent and Smallcap index fell 4.2 percent.

Outlook for August 6

Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas

Nifty opened gap down and traded with a negative bias throughout the day. It closed down ~670 points today. The Nifty has breached below the budget day low of 24075 and hence violating the uptrend. It has decisively closed below the 20-day moving average (24575) indicating weakness.

We believe that the Nifty is in the process of retracing the rally it witnessed from 21280 – 25078. Crucial Fibonacci retracement level is placed at 23628 and 23280 is the 20-week moving average. On the upside immediate hurdle is placed at 24300 – 24350.

The bank Nifty has also breached and closed below the previous swing low of 50440 suggesting continuation of the fall and is likely to drift lower towards 47650 – 47500 where the 200-day moving average is placed. The 20-week moving average is placed at 49800, which can provide some relief however rallies towards 50400 – 50500 should be used as a selling opportunity.

Prashanth Tapse, Senior VP (Research), Mehta Equities

Domestic equity indices came under the grip of global markets carnage as a host of external factors like recession fears in the US on the back of weak jobs data, interest rate hike in Japan leading to impact on Yen-carry trade and a raging Middle East conflict triggered massive sell-off across the board. Such corrections in the past were temporary and we saw the market rebounding fast. But we fear that this time it will be quite different from history.

Our advice for traders is trading positions should be trimmed or strict stop losses should be observed on either side of trade and option writers should be careful. Investments with a 2/3-year horizon can be considered to allocate funds in a phase wise manner. Technically, Nifty closing below 24000 would be seen as sentimentally negative with support at 23800 and any move above 24,125 would push the index towards 24,200 and 24,300 levels.

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