Sensex drops 729 points as domestic investors book profits; Nifty down 189 points amid sectoral impacts and US tariff concerns.

Domestic investors in India witnessed a downturn in the stock market as profit-booking took place after seven consecutive days of gains. The Sensex experienced a significant drop of 729 points, while the Nifty lost 189 points. Market analysts have pointed to the upcoming US tariff announcements as a key factor contributing to this decline, along with sectoral impacts, particularly in the pharmaceutical and Information Technology (IT) sectors. Interestingly, despite the downturn, foreign investors continued to signal market stability through their net buying activities. This shift in market dynamics highlights the interconnected nature of global markets and the impact of external factors on domestic trading.

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