Sensex tumbles 503 points as rally fades; Nifty slides
Sensex tumbles 503 points as rally fades; Nifty slides
Indian equities end lower after a three-day rally, with the Sensex down 503.76 points to 83,313.93 and Nifty down 133.20 to 25,642.80 as global cues weigh ahead of RBI policy.
Equity benchmarks in India closed lower after a three-day rally, with the Sensex falling 503.76 points to 83,313.93 and the Nifty slipping 133.20 points to 25,642.80. The intraday low dipped to 83,151.62 as selling intensified and traders booked profits, signaling a cautious mood amid global market weakness.
Among the Sensex constituents, Eternal, Bharti Airtel, Bharat Electronics, ITC, Infosys, Reliance Industries, ICICI Bank and Asian Paints were notable laggards, weighing on the index. On the flip side, Trent, Tata Steel, State Bank of India and Bajaj Finance managed to buck the trend with gains.
In overseas markets, South Korea's Kospi fell nearly 4%, while Japan's Nikkei 225 and Shanghai's SSE Composite also traded in the red. Hong Kong's Hang Seng rose modestly, while several European markets traded lower. U.S. equities closed mixed to negative on the prior session, contributing to a risk-off mood at home.
Analysts said the move reflected profit-booking after recent gains and a wait-and-watch stance ahead of the RBI policy meeting. With domestic triggers thin, investors stayed within a tight range, looking for clearer guidance from policymakers on the rate trajectory and any new signals for sectors that have driven earlier momentum.
Overall, the market remains sensitive to global cues and the evolving trade and tech narratives, which continue to shape short-term moves and investor sentiment.
