neutral
Recently
Profit-taking drags Sensex lower by 572 points as banks and energy slip after sharp rally
Sensex fell 572 points to 80,891 as profit-taking hit banks and energy after a strong run.
India’s Sensex closed 572 points down at 80,891, declining 0.70% as investors booked profits in oil and banking heavyweights following a strong multi-week advance. Broader risk tone softened amid caution ahead of U.S. Federal Reserve commentary and domestic earnings updates. Sectorally, Oil & Gas and select private banks underperformed, while defensives showed relative resilience. Market participants pointed to stretched short-term technicals, prompting rotation rather than an outright de-risking. Traders now watch overnight global cues, crude swings, and results from index constituents for direction. Near-term support is eyed at recent gap zones, with options positioning suggesting contained volatility into mid-week events.