
India's stock market closed sharply lower on Thursday as risk-off sentiment prevailed following the US Federal Reserve's rate cut paired with hawkish guidance, signalling the end of the easing cycle for 2025. The Sensex declined five hundred ninety-three points to eighty-four thousand four hundred four, while the Nifty fifty fell one hundred seventy-six points to twenty-five thousand eight hundred seventy-eight, with Bank Nifty dropping three hundred fifty-four points to fifty-eight thousand thirty-one. Financial services, IT, auto, metal, pharma, and banking sectors all faced intense selling, with major losers including Bharti Airtel, PowerGrid, Tech Mahindra, Infosys, and Bajaj Finance. The rupee weakened significantly to eighty-eight point seventy against the US dollar, adding to export-focused stock weakness and market jitters. On the positive side, L&T, Bharat Electronics, Ultratech, Maruti Suzuki, Adani Ports, and Canara Bank managed gains, while mid-cap performers like IIFL Finance and Sagility rallied on strong earnings. Technically, Nifty struggled to sustain above the twenty-six thousand resistance zone with immediate support at twenty-five thousand nine hundred and a stronger base near twenty-five thousand eight hundred, while commodities saw mixed movement with MCX gold declining and crude oil weakening on weak global demand. The market breadth reflected the selling pressure with two thousand one hundred twenty-two BSE stocks declining against one thousand seven hundred seventy-seven gainers, though the Nifty MidCap managed a marginal positive close while the SmallCap index slipped marginally into negative territory.