Markets Stumble Again — Midcaps Slump as Global Fear Surges

Market Closing

Indian equity markets ended weaker today, reflecting global uncertainties and profit-booking across key sectors. The Sensex slipped about 148 points, and the Nifty 50 closed below 25,900, with midcap & smallcap indices underperforming the broader market.

Sector Performance

• Banking & Financials faced profit-booking, weighing on index performance.
• IT & Pharma were relatively stable but couldn’t offset broader weakness.
• Consumer and Realty stocks declined amid cautious domestic demand outlook.

What Drove the Markets Today

Global Impact

Global equities saw turbulence on macroeconomic concerns, causing a risk-off mood that rippled into Indian markets.

Currency Impact

The rupee weakened against the US dollar, easing export-oriented gains but squeezing import-dependent sectors.

Stock-Specific Moves

While major indices were down, select exporters and defensive names showed resilience, indicating diversified money flows at stock-level.

What to Watch Next

• FII/DII Flow Data — Continued foreign selling will keep pressure on markets; any reversal could spark a recovery.
• Global Events — Interest-rate decisions, U.S. inflation data & geopolitical news could set next major trend.
• Support Levels — Watch if Nifty holds near 25,850; breach could signal deeper correction.