Stock Market Slips After Rally: Sensex Sheds 540 Points, Nifty Below 25,100

The Indian stock market ended in the red on Thursday, reversing the previous session’s gains amid weak global cues and profit booking across sectors. The BSE Sensex declined by 540.42 points, or 0.65 per cent, to close at an indicative level of 82,186.22. Similarly, the NSE Nifty shed 168.80 points, or 0.67 per cent, to settle at 25,051.10. Selling pressure was seen across key sectors, dampening investor sentiment and dragging the benchmarks lower.

The market witnessed a negative breadth with around 1,564 stocks advancing, 2,324 declining, and 155 remaining unchanged on the BSE.

On the Nifty index, top performers included Eternal, Dr Reddy's Laboratories, Tata Motors, Grasim Industries, and Cipla, which managed to post notable gains. In contrast, Trent, Nestle India, Shriram Finance, Tech Mahindra, and Reliance Industries were among the major laggards.

Sectoral Pressure Broad-Based

Barring PSU Banks and Pharma, all sectoral indices ended the session in the red. The IT index saw the sharpest fall, declining by 2 per cent, while both the Realty and FMCG indices shed 1 per cent each, reflecting broad-based selling across sectors.

Meanwhile, the broader markets also mirrored the weakness, with the BSE Midcap and Smallcap indices both ending lower by 0.4 per cent.

Previous Trading Session

In the previous trading session on Wednesday, the Indian stock market closed on a strong note, posting a sharp rebound after a subdued performance in the prior session. The BSE Sensex surged 540.09 points (0.66 per cent) to settle at 82,726.90, while the NSE Nifty gained 159.00 points (0.63 per cent) to close at 25,219.90. The rally was broad-based, fueled by positive global cues and a resurgence in investor confidence, lifting key sectors across the board.

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