Overview
- The Sensex closed at 83,216 (-95) and the Nifty at 25,492 (-17) after rebounding from intraday lows near 82,671 and 25,325.
- Banks and metals led the recovery while IT and FMCG lagged, with Nifty Bank up 0.56% as midcaps firmed and smallcaps were little changed.
- FIIs were net sellers of about Rs 3,263 crore on Thursday versus DII purchases of roughly Rs 5,284 crore, with strategists pointing to FII shorting outweighing domestic buying.
- Overseas weakness tied to a renewed slide in AI and technology shares dragged Asian markets and set a cautious tone on Dalal Street.
- Bharti Airtel fell about 4–4.5% after Singtel sold roughly 0.8% in a block deal worth around Rs 10,300 crore, while technicians highlighted Nifty support at 25,500–25,300 with deeper levels near 25,160.