Nifty 50 hits day’s low; Sensex, Bank Nifty extend losses after last week’s rally
Newsdesk | Mar 26, 2025 |
March 26, 2025 | 12:15 PM: Indian benchmark indices declined sharply in today’s session, with the Nifty 50 hitting the day’s low at 23,503.20, down 162.80 points (-0.69%) at 23,505.85, as markets saw profit booking after last week’s strong upside.
The Sensex also slumped by 650.30 points (-0.83%) to trade at 77,366.89, while the Bank Nifty slipped 467.85 points (-0.91%), hovering at 51,140.10. The broader market weakness was visible across sectors, with pressure seen in banks, IT, and metal stocks.
The current decline follows a week of strong gains fueled by optimism around earnings and global cues, but traders now appear to be turning cautious amid valuation concerns and ahead of key macroeconomic data.
Despite the broader weakness, select midcap names like Valiant (+6.13%), SML Isuzu (+4.08%), Ambuja Cements (+2.66%), and JWL (+2.45%) showed resilience and remained in the green.
Market participants are closely monitoring global cues, bond yield movements, and upcoming domestic data for further direction.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Please consult a qualified financial advisor before making any investment decisions.
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