Stock Market Rally Ends After Three Days, Benchmarks Close with Sharp Losses

The stock market’s three-day rally came to an end on Thursday, with benchmark indices closing sharply lower under heavy selling pressure. During the session, the Sensex fell by over 666 points at one stage to hit an intraday low of 83,151, before settling down 503.76 points at 83,313.93. The Nifty also declined by 133.20 points to close at 25,642.80.

The decline was driven by weak cues from global markets, rising geopolitical tensions and investor caution ahead of the Reserve Bank of India’s upcoming monetary policy review scheduled for the weekend. Amid this cautious sentiment, investors opted for profit booking. Meanwhile, the Indian rupee strengthened by 13 paise against the US dollar, ending the day at 90.34.