Nifty tumbled 182 points from the day’s high. Sensex? Down over 600 points from peak. But why the sudden fall?
Thursday’s F&O expiry brought heightened volatility.
Nifty closed at 25,405, down 48 points.
Sensex ended at 83,239, losing 170 points.
Profit booking hit financial stocks hard, Kotak Mahindra, Bajaj Finance, SBI all in the red.
Key Movers
While financials dragged, broader markets showed strength.
Nifty Smallcap 100 rose 0.3%.
Midcaps held flat.
HDB Financial gained another 3% after its blockbuster debut.
Global & Trade Cues
Markets are jittery as US-India trade talks continue, still no final deal.
Global equities are flying high, but oil is cooling off.
Brent slipped to $68.53 over demand worries.
Currency Action
Rupee hit 85.20, its strongest in over a month.
Helped by dollar selling and trade optimism.
Experts call this a range-bound phase, a consolidation before the next big move.
But if Nifty falls below 25,200, caution ahead.
