Sensex Falls Over 400 Points, Nifty Slips on RBI Hawkishness
Indian markets fell on Thursday as the Sensex dropped 426.81 points, or 0.59 per cent, to 72,211.89 at 10.49 am. The Nifty 50 slipped 145.30 points, or 0.64 per cent, to 22,457.75.
Both indices hit fresh day lows, with the Sensex touching 72,176.68. On Wednesday, the Sensex had closed 429.11 points lower at 72,638.70.
Selling followed the RBI’s hawkish pivot to a 5.50 per cent repo rate. Foreign investors sold shares worth Rs 6,121.37 crore in a single session on Wednesday, while a weak rupee and high oil prices added to the gloom.
IT stocks bucked the trend, rising ahead of TCS results due later in the day. Analysts see Nifty support at 22,400 and resistance at 22,500 to 22,600.
TCS is set to report second-quarter results later today, kicking off the FY27 earnings season. Analysts see Nifty support at 22,400 and resistance at 22,500 to 22,600, with Gift Nifty futures hinting at a weak open.
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