“Indian Markets Slip as Sensex Falls 368 Points, Nifty Slides Below 24,500”
Sensex fell 368 points while Nifty slipped below 24,500 on August 12, dragged by weak financials including HDFC and ICICI Bank. Midcaps fell, smallcaps held steady amid global trade and inflation jitters
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Sensex Stumbles 368 Points; Nifty Ends Day Under 24,500 Amid Financial Sector Weakness
On Tuesday, August 12, 2025, Indian equity markets closed in the red as investor sentiment took a hit from weak banking sector cues. The BSE Sensex tumbled 368 points (-0.46 %) to finish at 80,235.59, while the Nifty 50 dropped 97–98 points (-0.40 %) to settle around 24,487.
Broader market indices painted a mixed picture: the Midcap index declined by 0.25 %, whereas Smallcap saw a marginal rise of 0.04 %.
Losses were largely led by heavyweight banking and financial names such as HDFC Bank, ICICI Bank, Bajaj Finance, and Reliance Industries, while sectors like auto, pharmaceuticals, and media offered some resilience. Top gainers included Tech Mahindra, Maruti, Hero MotoCorp; laggards featured Bajaj Finance, Trent, HUL.
According to analysts, uncertainty from U.S.-India trade tensions and looming inflation data weighed on sentiment. Technical analysts suggest the Nifty's immediate support lies at 24,450, with resistance near 24,660–24,700, and a clear break is needed for a bullish reversal.
