The Indian stock market witnessed a decline today with the BSE Sensex falling 367 points to close near 85041. The NSE Nifty 50 also slipped below 26050 ending at 26042. Market sentiment was affected by profit taking after recent gains along with continued selling pressure from foreign investors. Trading volumes were subdued as the year end approaches.
Among major stocks, LTIMindtree was one of the biggest losers dropping around 2 percent. In contrast Titan Company outperformed the market with gains of approximately 2 percent. Analysts suggest that the market is in a consolidation phase with key support levels for the Nifty near 26000 and potential breakout levels around 26200. Investors are advised to watch these levels closely for the direction in the coming sessions.
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