Profit-Taking Drags Sensex Down By 1,282 Points After Record Rally
Stock markets fell sharply on Tuesday, with the Sensex dropping by 1,282 points following profit-taking in IT and FMCG shares. Despite a record rally the previous day, major stocks like Infosys and Power Grid recorded significant losses. Meanwhile, global markets experienced mixed results amid easing trade tensions.
- Country:
- India
Stock markets were severely impacted on Tuesday as the Bombay Stock Exchange's benchmark index, Sensex, plunged by 1,282 points. The drop followed a significant profit-taking wave in IT and FMCG shares just a day after the market celebrated a record rally.
The 30-share BSE barometer fell to 81,148.22 points, with substantial losses in stocks like Infosys, Power Grid, and Tata Consultancy Services. In stark contrast to Monday's rally—driven by easing global and domestic risks—trading activity on Tuesday was notably sluggish.
While Asian markets showed mixed performances, with South Korea's Kospi and Japan's Nikkei 225 index ending higher, European markets saw predominantly positive trading. In the US, indices surged on Monday due to reduced trade tensions.
(With inputs from agencies.)
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