Nifty, Sensex hit a low. What depths will the dip plumb?

Nifty 50 plunged to its lowest point in over four months, and the Sensex marked a three-month low On Tuesday

- Dipti Sharma

Indian equities have been on a rollercoaster ride over the past month, with sharp bouts of selling swiftly followed by bargain hunting as investors pounce on dips. During this volatile phase, the benchmark indices—Nifty 50 and S&P BSE Sensex—have dropped by 5% and 4%. On Tuesday, the Nifty 50 plunged to its lowest point in over four months, and the Sensex marked a three-month low.

On a closing basis, the Nifty 50 hit a low of 23,868.80 points on 26 June and the Sensex on 6 August at 78,593.07 points.