Sensex slipped to 22,181, its lowest point since 2026, as a ₹10 lakh crore sell‑off rattled the market.
The drop pushes the BSE index into a ninth consecutive weekly decline, a rare streak that has investors wary of a sustained bearish run.
IT stocks led the day's slide, with TCS results arriving in‑line with forecasts and failing to lift sentiment. Meanwhile, the Nifty Bank index has held gains, trading between 54,000 and 55,000, showing relative resilience. Oil prices hovered near $104 a barrel, while U.S. bond yields cooled from recent highs, easing some pressure on equities.
Key technical levels are set: a rebound would need to clear the 22,300‑22,350 zone, while a further dip could test the 22,200 support. Market participants are watching the coming week's earnings, especially from other IT and banking names, for clues on whether volatility will subside or intensify.