Overview
- Benchmarks fell for the second session as the Sensex closed at 83,938.71 (-465.75) and the Nifty at 25,722.10 (-155.75), taking the two-day Sensex drop to 1,058 points.
- Exchange data showed FIIs sold Rs 3,077.59 crore on Thursday while DIIs were net buyers at Rs 2,469 crore, extending a week of foreign outflows.
- Jerome Powell signalled that a December rate cut is unlikely, global equities were mixed after a weak US close, and the US–China meeting yielded only a temporary trade truce.
- The Nifty again failed to clear 26,000–26,100; analysts highlighted support at 25,800–25,700 with a further watch near 25,600 around the 20‑day exponential average.
- Earnings drove dispersion as NTPC, Cipla, Eternal and private banks weakened while BEL, L&T, TCS and PSU banks rose; the rupee hovered around 88.70–88.77 per US dollar.