Final Trade: Markets tumble for 6th straight session; Nifty nears 23,050, Sensex closes 123 pts lower

Indian markets extended their losing streak connected Wednesday arsenic the Sensex and Nifty slipped further, weighed down by anemic planetary cues, sustained overseas capitalist outflows, and concerns implicit U.S. commercialized policies. At 9:55 AM, the BSE Sensex was down 814.61 points, oregon 1.07 per cent, astatine 75,478.99, portion the Nifty50 fell 240.60 points, oregon 1.04 per cent, to 22,831.20.

Sectoral and broader marketplace performance

Among sectoral indices, Nifty Bank, Auto, FMCG, Pharma, Realty, Consumer Durables, and Oil & Gas recorded declines of up to 1.4 per cent. The broader marketplace saw sharper losses, with the Nifty Smallcap100 dropping 1.6 per cent and the Nifty Midcap100 falling 1.3 per cent. Small and midcap stocks are present nearing carnivore marketplace territory, down astir 20 per cent from their all-time highs.

Key factors dragging the markets

1. U.S. tariff hikes connected alloy and aluminium

The U.S. President announced a steep summation successful tariffs connected alloy and aluminium imports, raising them to 25 per cent from the erstwhile 10 per cent. The removal of country-specific exemptions and expected further tariff hikes person rattled planetary commercialized sentiment.

2. Fading hopes of a Fed complaint cut

The U.S. Federal Reserve indicated that ostentation remains good supra the 2 per cent target, making the lawsuit for a cautious attack to involvement complaint cuts. This dampened capitalist sentiment globally.

3. Nervousness up of U.S. ostentation data

Markets stay cautious up of the U.S. Consumer Price Index (CPI) report, which could power the Fed's argumentation decisions. If ostentation remains high, it could further hold complaint cuts and adhd to marketplace volatility.

4. Persistent FII selling pressure

Foreign organization investors (FIIs) person offloaded Indian equities worthy Rs 88,139 crore truthful acold successful 2025, according to NSDL data. The accordant superior outflows person contributed importantly to the market’s decline.

5. High enslaved yields and beardown dollar

Rising U.S. enslaved yields person further pressured planetary equities. The 10-year Treasury output roseate to 4.55 per cent, portion the 2-year output stood astatine 4.3 per cent. A stronger dollar, with the dollar scale astatine 108.36, has besides triggered superior outflows from emerging markets similar India.

Stocks successful focus

• Vodafone Idea shares tumbled 5 per cent aft reporting a narrowed Q3 nonaccomplishment of Rs 6,609 crore.
• Ircon International shares slumped astir 9 per cent arsenic its Q3 nett aft taxation (PAT) fell 65 per cent year-on-year.
• SAIL shares gained implicit 3 per cent aft reporting better-than-expected Q3 results.

With planetary uncertainty persisting and FIIs continuing to propulsion retired funds, volatility is apt to stay elevated successful the adjacent term. Investors volition intimately ticker U.S. ostentation information and cardinal slope argumentation cues for further marketplace direction.