Sensex falls by 728 points, snaps 7-day gaining streak on profit-taking in IT, banking shares
The Hindu
Stock markets end seven-day winning streak as Sensex drops 728 points due to profit-taking in banking and IT shares.
Stock markets snapped the seven-day winning run on Wednesday (March 26, 2025) with benchmark Sensex tanking 728 points due to profit-taking in banking and IT shares ahead of monthly expiry of derivatives contracts.
The 30-share BSE Sensex declined by 728.69 points or 0.93% to settle at 77,288.50 as 25 of its components closed in the red. During the day, it slumped 822.97 points or 1.05% to 77,194.22.
The NSE Nifty dropped 181.80 points or 0.77% to 23,486.85.
In the past seven trading days, the BSE benchmark index jumped 4,188.28 points or 5.67%. The Nifty surged 1,271.45 points or 5.67% during the same period.
From the Sensex pack, NTPC, Tech Mahindra, Zomato, Axis Bank, Bajaj Finance, Infosys, Maruti, State Bank of India, Kotak Mahindra Bank, Reliance Industries, Hindustan Unilever, and HDFC Bank were the losers.
IndusInd Bank, HCL Tech, Titan, Mahindra & Mahindra and Power Grid were the gainers.
"The market experienced profit-booking after the recent gains, on the back of next week's U.S. tariff announcements. The sectors with higher exposure to the US market, like pharma & IT, have witnessed some selling pressure," Vinod Nair, Head of Research, Geojit Investments Limited, said.
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