Overview

• The Sensex fell 872.98 points (1.06%) to close at 81,186.44, while the Nifty dropped 261.55 points (1.05%) to settle at 24,683.90.
• Auto, banking, and IT sectors faced significant profit-booking, with major stocks like Hero MotoCorp and Maruti Suzuki declining sharply.
• Foreign Institutional Investors sold equities worth ₹525.95 crore, adding to market pressure alongside a weaker rupee, which fell 13 paise to 85.55 against the US dollar.
• Uncertainty surrounding the India-US trade deal and the imposition of 27% US reciprocal tariffs on Indian goods weighed on investor sentiment.
• Metal stocks outperformed, supported by China's rate cuts, while the India VIX, a volatility gauge, rose 4.86% to 17.35, reflecting heightened risk in the market.