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Market Commentary

Indian benchmark indices witnessed broad - based selling pressure and closed near their day’s lows after a sharp decline in the second half of the session . Market sentiment remained weak amid negative global cues, with weakness across major global indices and profit booking in AI-related technology stocks weighing on investor confidence . The sell - off intensified during the latter half of the day as participants reduced risk exposure ahead of key global developments and rising uncertainty in international markets .

* At close, the Nifty 50 declined 1.16% to settle at 23 ,824 , while the Sensex fell 1.16% to close at 76 ,200 .

* On the sectoral front, Nifty Metal, IT, PSU Banks, and Media emerged as the key laggards, witnessing significant selling pressure and dragging the benchmark indices lower . In contrast, Pharma and Healthcare stocks continued to outperform the broader market, attracting defensive buying interest and extending their recent upward momentum .

* The broader market also ended in negative territory, although select pockets showed resilience . The Nifty Midcap 100 index declined 1.05 % to close at 62 ,070 , while the Nifty Small cap 100 index fell a comparatively lower 0 .48 % to settle at 18,805 ,.

* Gift Nifty signals a flat opening for the Indian market . Nifty spot in today's session is likely to trade in the range of 23 ,650 - 24 ,100

Global Updates

* A widespread rotational and risk - off liquidation regime dominated the New York cash sessions, hitting crowded growth portfolios while traditional value spaces showed lower relative downside .

* A sharp sell - off in big technology companies cascaded across global financial desks overnight, halting recent multi - week equity momentum . The tech - heavy Nasdaq Composite dropped more than 2% as the growing likelihood of interest rate hikes from a hawkish Kevin Warsh - led Fed this year caused traders to worry about restricted economic growth .

* Asian regional benchmarks are flashing highly polarized numbers this morning as local desks absorb the overnight tech sell - off Nikkei 225 : - 309 .76 pts (- 0 .44 %) KOSPI : +297 .01 pts (+ 3.62 %) S&P/ASX 200 : +6.16 pts (+ 0 .07 %)

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