Indian equity benchmarks ended lower on Thursday, snapping a three-day winning streak, as investors booked profits after the recent sharp rally driven by optimism around a potential India–US trade deal. Weak global cues and rising geopolitical tensions added to the cautious mood.
The Sensex closed 504 points lower, while the Nifty 50 ended near the 25,643 mark. Selling pressure was seen across sectors, with metal stocks and small-cap shares emerging as the key laggards. Broader market indices also reflected subdued sentiment as traders turned risk-averse.
Global markets weighed on domestic equities amid concerns of a broad-based sell-off in international technology stocks and heightened US–Iran tensions, which triggered a risk-off environment. Market participants are now closely watching the upcoming Reserve Bank of India (RBI) policy meeting, where expectations remain largely for a status quo on interest rates, given India’s stable growth outlook.
Technically, the Nifty remained range-bound, finding support near the 25,580–25,600 zone, while upside was capped around 25,700–25,750. Analysts said the index is likely to trade sideways with a mildly weak bias unless a clear breakout or breakdown emerges.
Profit Booking Pulls Sensex Lower; Nifty Ends Flat Near 25,643
