The Economic Times

Rs 3 lakh crore selloff! Sensex tumbles 700 pts, Nifty below 25,550. Major factors behind the sharp decline

Indian benchmark indices Nifty 50 and BSE Sensex experienced a sharp decline on Tuesday, with IT and auto stocks leading the fall. Investor wealth plummeted by Rs 2.94 lakh crore. Concerns over AI's impact on COBOL systems and renewed tariff threats from former US President Trump contributed to the market downturn.