Markets fell sharply on Thursday, ending a three-day winning streak. The BSE Sensex dropped 504 points, while the Nifty50 slipped below 25,700 at the close. Investors booked profits after recent gains, causing widespread losses across sectors.
Most sectors ended in the red, with IT, metals, and consumer stocks among the hardest hit. Heavyweights like Reliance Industries, Eternal, Airtel, and Tata Hotels declined, while GIFT City and Tata Capital were among the few gainers.
Experts said multiple factors drove the decline: profit-taking after recent gains, global market weakness, and caution ahead of the Reserve Bank of India’s policy meeting. The expiry of index futures contracts also added to volatility.
Mid-cap and small-cap stocks fell, reflecting investors’ risk aversion. Metal stocks dropped in line with weaker global commodity prices. The technology sector also declined amid global demand concerns and valuation pressures.
Market volatility stayed high, with the India VIX signaling increased uncertainty. Investors are watching the RBI’s policy announcement and other economic cues for guidance. Thursday’s session highlighted broad-based selling, with gains limited to select stocks such as GIFT City and Tata Capital.
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