SENSEX slips 300+ points, NIFTY50 falls below 25,700 as metal stocks drag
The Indian stock market faced significant pressure on Tuesday as the SENSEX fell more than 300 points and the NIFTY50 index slipped below 25,700, driven primarily by declines in metal and commodity stocks. The sell-off was broad-based, with heavyweight sectors such as banking, auto, and IT also struggling, while commodity-linked names bore the brunt of the weakness. Investors appeared cautious amid mixed global cues, weak metal prices, and profit booking after recent gains. The sharp drop marked a notable shift in sentiment after several sessions of moderate gains earlier in the week.
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