New Delhi, Feb. 3 -- The Indian stock market faced sharp losses in early trade on Monday, February 3, with the Sensex tumbling over 700 points and the Nifty 50 dropping below 23,250, amid weak global cues.

The Sensex fell 750 points to hit an intraday low of 76,791.09. Similarly, the Nifty 50 also slid one per cent to 23,222.

The broader markets witnessed an even sharper selloff, with the BSE Midcap and Smallcap indices plunging over one per cent each, as investors reassessed their positions post the Union Budget 2025 and amid a deteriorating global economic landscape.

One of the most significant highlights of the Union Budget 2025 was the increase in the income tax exemption limit under the new tax regime to Rs.12 lakh, a move aimed a...