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Market Commentary

Indian benchmark indices extended their losing streak for a third consecutive session, as rising crude oil prices, a sharp depreciation in the Indian rupee, and profit booking in heavyweight stocks continued to weigh on investor sentiment. 

* The market opened on a weak note, tracking mixed global cues, and witnessed sustained selling for most of the session, although it settled below the psychologically important 24 ,000 mark .

* At close, the Sensex declined 715.06 points or 0 .92 % to settle at 76 ,755 .05 , while the Nifty 50 fell 191.45 points or 0 .79% to close at 23 ,996 .25 .

* On the sectoral front, performance remained broadly negative . Nifty FMCG emerged as the top - performing sector, gaining 0 .65 %, followed by Nifty Auto, which advanced 0 .18%. Most other sectoral indices ended in the red, with realty, media and Psu bank remain key dragger with continued selling pressure in stocks keeping the benchmark indices under pressure .

* The broader market also traded with a negative bias, although it showed relatively better resilience than the frontline indices . Profit booking was visible across several midcap and smallcap stocks, reflecting cautious investor sentiment amid rising global uncertainties .

* Gift Nifty signals a negative opening for the Indian market . Nifty spot in today's session is likely to trade in the range of 23 ,800 - 24 ,200 .

Global Updates

* A rotation away from high - beta software into traditional value and hardware counters resulted in a cautious finish across Wall Street cash benches :

* Geopolitical risk has forcefully re - accelerated to the forefront of global macro allocation models . Following an 12th consecutive night of U.S . airstrikes targeting Iranian drone facilities and military logistics nodes .

* Asian regional benchmarks are displaying outperformance this morning, driven by a massive risk - on surge in North Asian technology and hardware hubs :KOSPI (South Korea) : +246 .41 pts (+ 3.62 %) | 7,044 .12 Nikkei 225 (Japan) : +704 .67 pts (+ 1.07 %) | 66 ,820 .05 S&P/ASX 200 (Australia) : +83 .60 pts (+ 0 .95 %) | 8 ,906 .60

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