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The Indian benchmark indices ended lower on Thursday, with the BSE Sensex closing at 84,404.46, down 592.67 points (-0.70 per cent). The Nifty 50 also slipped, settling at 25,877.85, down 176.05 points (-0.68 per cent). The broader Sensex followed suit, ending the day at 84,404.46, lower by 592.67 points or 0.70 per cent on the monthly expiry. Global sentiment remained cautious after the US Federal Reserve’s 25 basis-point rate cut, coupled with signals that further easing may pause this year. Market Breadth Favours Bears The market breadth tilted in favour of sellers, with 2,167 shares declining against 1,808 advancing, while 147 remained unchanged. Among broader markets, the Nifty Midcap 100 and Nifty Smallcap 100 indices recorded minor losses of 0.1 per cent each, reflecting moderate consolidation. Sectoral performance remained largely negative, with healthcare, financial services, and pharma leading declines. The Nifty Healthcare Index fell 0.81 per cent, while financial services and private banks slipped roughly 0.7 per cent. IT, FMCG, and auto stocks also registered modest losses. Sectoral Trends and Key Movers On a positive note, Nifty Realty was the only sectoral gainer, inching up 0.13 per cent. Consumer durables and oil & gas saw marginal declines, while overall market sentiment across key sectors remained subdued. Market volatility was further influenced by mixed Q2 earnings and F&O expiry. "The price action reflects repeated rejection at higher levels, with immediate support placed at 25,900 and a stronger base near 25,800 — the previous higher low that also coincides with the earlier breakout zone around 25,666," said Ponmudi R, CEO of Enrich Money, according to a Moneycontrol report. Global Cues And Investor Sentiment Vinod Nair, Head of Research at Geojit Investments, noted that the market consolidated after Fed Chair Powell indicated that this might be the last rate cut of 2025, tempering hopes of additional monetary easing. The resulting strength in the US dollar fueled risk-off sentiment across emerging markets, including India. Investors are also closely monitoring the Trump–Xi trade talks, as uncertainty around the discussions continues to influence market caution. A sustained move above 25,900 could trigger a short-term rebound toward 26,050–26,100, though near-term gains remain limited due to call writing at higher strikes. Get Latest News live on Times Now along with Breaking News and Top Headlines from Business, Companies and around the world.
