Stock Market Crash Today: Sensex Falls Over 2,000 Points in 3 Days; 850+ Stocks Hit 52-Week Lows

Stock Market Crash: Sensex Falls 2,037 Points in 3 Days; ₹10 Lakh Crore Wealth Erased as 869 Stocks Hit 52-Week Lows

India’s stock market witnessed heavy selling pressure on Monday, extending losses for the third straight session. The benchmark BSE Sensex plunged sharply, while broader market weakness dragged hundreds of stocks to fresh 52-week lows.

Sensex and Nifty Extend Losses

On Monday, March 2:

• The BSE Sensex dropped 1,048 points (1.29%) to close at 80,238.85
• The Nifty 50 declined 313 points (1.24%) to settle at 24,865.70

Over the past three trading sessions, the Sensex has fallen 2,037 points (2.5%), reflecting sustained market pressure.

Investor wealth took a major hit, with the total market capitalisation of BSE-listed companies falling below ₹457 lakh crore from ₹467.4 lakh crore recorded on February 25 — wiping out over ₹10 lakh crore in just three sessions.

869 Stocks Hit 52-Week Lows

Market breadth remained extremely weak as 869 stocks touched their 52-week lows on the BSE.

Major Stocks at 52-Week Lows Include:

1. Tata Consultancy Services
2. ITC Limited
3. Wipro
4. Coforge
5. Dixon Technologies
6. Info Edge (India)
7. Shree Cement
8. SRF Limited
9. Suzlon Energy
10. United Spirits

Other notable stocks hitting fresh lows included:

1. Abbott India
2. Adani Total Gas
3. IRCTC
4. IREDA
5. IRFC
6. NHPC Limited
7. Rail Vikas Nigam Limited
8. Swiggy
9. UCO Bank

Despite the broad-based decline, 94 stocks managed to hit 52-week highs during intraday trade, including:

1. ONGC
2. SAIL
3. Bharat Forge
4. Top Gainers and Losers in Sensex
5. Out of 30 Sensex stocks, only three ended in positive territory:
6. Bharat Electronics Limited (up 2.09%)
7. Sun Pharmaceutical Industries (up 0.84%)
8. ITC Limited (up 0.38%)

Major Losers:

1. InterGlobe Aviation (down 6.25%)
2. Larsen & Toubro (down 5%)
3. Adani Ports & SEZ (down 3.33%)

Additionally, nearly 20 stocks plunged more than 15%, while 11 stocks surged over 15%, reflecting high volatility across sectors.

Why Is the Stock Market Falling?

According to Vinod Nair, Head of Research at Geojit Investments Limited, rising geopolitical tensions in the Middle East have unsettled global markets. Concerns over crude oil supply disruptions have pushed oil prices higher, weakening the Indian rupee and raising inflation worries.

Higher crude prices could pressure India’s fiscal position and impact sectors dependent on energy and chemicals.

Meanwhile, Shrikant Chouhan, Head of Equity Research at Kotak Securities, stated that while the market trend remains weak, it appears technically oversold — indicating the possibility of a short-term bounce.

Key Technical Levels for Traders:

• Support: 24,750
• Below 24,750: Possible fall toward 24,650–24,500
• Resistance: 25,000–25,075

Market Outlook

While the broader trend remains under pressure, analysts suggest the possibility of a technical rebound if key support levels hold. Investors are advised to remain cautious amid global uncertainties and rising commodity prices.

Disclaimer

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