Overview
- The Sensex fell 400.76 points to 85,231.92 and the Nifty dropped 124 points to 26,068.15, ending a two-day advance.
- Broader gauges underperformed with midcap and smallcap indices down about 1.3% each, and market breadth turned negative at 2,305 decliners to 784 advancers on the NSE.
- Metals led sector losses with Nifty Metal down roughly 2.5%, followed by realty and financials, while FMCG was marginally higher.
- The rupee touched a record low of 89.46 per US dollar during afternoon trade on strong dollar demand and limited RBI support.
- Despite Friday’s pullback, the week closed higher with the Sensex up about 0.8% and the Nifty up about 0.6%, as analysts also flagged valuation worries in AI-linked names.