Greenland standoff pushes mkts into red

Equity benchmarks record sharpest fall since May 13, 2025

- SUNDAR SETHURAMAN

Domestic equity benchmarks logged their steepest single-day decline in eight months on Tuesday, as an escalating standoff between the US and Europe over Greenland compounded investor unease. Sluggish corporate earnings and the absence of progress on the India-US trade deal have already been weighing on sentiment.

The Sensex fell 1,066 points, or 1.3 per cent, to close at 82,181 while the Nifty shed 353 points, or 1.4 per cent, to end at 25,233. Both the indices ended at their lowest level in three months, and recorded their sharpest fall since May 13, 2025. Losses were deeper in the broader market, with the Nifty Midcap 100 sliding 2.6 per cent and the Nifty Smallcap 100 tumbling 2.9 per cent — their worst single-day declines since April 7, 2025. The smallcap index closed at a level last seen eight months ago.

Overall market capitalisation of BSE-listed companies declined by ₹10 trillion to ₹456 trillion.