The stock market took a breather today as the key indices reversed from recent highs. Sensex dropped sharply while Nifty slipped below the 26,100 mark after a strong rally in recent sessions. The decline was broad-based, with financial and metal stocks leading the slide and investors engaging in profit-booking. Among major banks, some of the largest private lenders saw their share prices fall notably, weighing heavily on overall sentiment.
The retreat comes after a stretch of gains, and it reflects caution among investors rather than panic. Analysts suggest the market may be consolidating around current levels, as many look for fresh triggers before committing new funds. The pressure on sectors like banking, metals, and industrials was compounded by global macro concerns and mixed domestic economic signals.
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