Stock Market Today: Sensex Slips 350 Points From Day’s High, Nifty Falls Below 25,800 on Weak Global Cues

Market Performance

The Indian stock market saw a cautious tone on Thursday as benchmark indices Sensex and Nifty gave up early gains. After a steady start, selling pressure gradually picked up, dragging the indices lower by the afternoon.

By 2:40 pm, the Sensex had slipped nearly 350 points from the day’s high to trade at 84,415.11. The Nifty also moved lower, slipping below the key 25,800 mark to trade around 25,790. The broader market mirrored this weakness, as investors chose to book profits after recent gains.

The overall mood remained defensive, with global cues and select sectoral selling keeping traders on the sidelines.

Main News: Why Sensex and Nifty Fell Today

Thursday’s decline was driven by a mix of global and domestic factors that weighed on sentiment through the session.

Weak global cues played a major role. Asian markets traded mostly lower, tracking overnight losses on Wall Street. Major indices across the region remained under pressure, reflecting caution after recent rallies in global equities.

Another key drag came from selling in auto stocks. Auto shares slipped by as much as 2%, as investors booked profits in the sector. The decline in auto stocks added to the pressure on benchmark indices, given their weight in the market.

Adding to the cautious tone was the rise in crude oil prices. Brent crude climbed 0.65% to $60.07 per barrel. Higher crude prices often raise concerns around inflation and input costs for oil-importing economies like India, which can impact overall market sentiment.

Together, these factors created a risk-off environment, pushing the Sensex and Nifty lower from intraday highs.

Company and Sector Highlights

Sector-wise, autos remained among the top laggards of the day, reflecting broad-based profit booking. Other frontline sectors also saw selective selling, which kept the indices under pressure despite pockets of resilience.

Global markets set the tone early in the session, and domestic stocks struggled to find support as the day progressed. The absence of strong positive triggers kept buyers cautious, leading to a steady drift lower in key indices.

Summary

The stock market today reflected a phase of consolidation, with Sensex and Nifty slipping amid weak global cues, profit booking in auto shares, and rising crude oil prices. The Sensex fell 350 points from the day’s high, while the Nifty moved below 25,800, highlighting cautious investor sentiment.

While broader trends remain influenced by global markets and commodity prices, Thursday’s session showed how quickly profit booking can cap upside in the absence of fresh triggers.