Overview
- Benchmark indices closed lower on Wednesday, with the Sensex down about 252 points at 72,781.89 and the Nifty slipping about 99 points to 22,622.70.
- Analysts said profit-taking after the prior-session rally and caution ahead of U.S. CPI were the main drivers of the retreat.
- Pharma and healthcare led losses while information-technology stocks provided support and limited the overall decline.
- Market pressure was reinforced by Brent crude trading above $106 a barrel and Foreign Institutional Investors selling roughly Rs 1,305.13 crore, while RBI steps to curb dollar buying helped the rupee strengthen to about 95.14.
- Technically, analysts say Nifty must close convincingly above the 22,700–22,800 zone to resume upside, and traders will watch U.S. CPI and ongoing Q2 FY27 corporate earnings for the next directional cue.