Sensex slips for 3rd day in row, ends at 85,041 pts - The Times of India
Indian stock markets ended lower for the third consecutive session as the Sensex slipped to 85,041 points, reflecting cautious investor sentiment. Profit booking in heavyweight stocks, mixed global cues, and uncertainty around interest rate trends weighed on market confidence. Banking, IT, and FMCG stocks saw selling pressure, while selective buying was visible in metal and energy shares. Investors remained watchful ahead of key global economic data and signals from central banks, which could influence future market direction. Mid-cap and small-cap stocks also faced mild pressure, indicating a broader consolidation phase. Market experts believe the recent decline is not a trend reversal but a pause after strong rallies in previous weeks. They suggest investors focus on fundamentally strong stocks and avoid panic selling. Overall, the market mood stayed cautious, with short-term volatility expected to continue.
The Key points
- Sensex declined for the third straight trading session.
- Index closed at around 85,041 points.
- Profit booking impacted heavyweight stocks.
- Banking and IT shares faced selling pressure.
- FMCG stocks also ended mostly lower.
- Metals and energy stocks saw limited buying interest.
- Global market cues remained mixed.
- Investors stayed cautious ahead of economic data.
- Mid-cap and small-cap stocks showed weakness.
- Experts view the fall as short-term consolidation.
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