Overview
- Benchmarks fell for a second day, with the Sensex down 465.75 points to 83,938.71 and the Nifty lower by 155.75 points to 25,722.10.
- Foreign institutional investors sold a net Rs 3,077.59 crore on Thursday, extending a week of outflows even as domestic funds bought Rs 2,469.34 crore.
- Powell’s guidance that a December rate cut is unlikely and a limited Trump–Xi trade truce weighed on sentiment, reinforcing risk-off positioning.
- Technically, resistance remains clustered near 26,000–26,100 while support is eyed around 25,700–25,800, with a deeper slide possible toward 25,600–25,400 if support breaks.
- The rupee weakened near record lows around 88.7 per dollar as dollar strength persisted, while earnings drove stock-level swings with BEL gaining and names like NTPC, Cipla and Bandhan Bank slipping.