Sensex drops 339 points, Nifty slips below 25,900 as global markets wobble
India's stock markets took a hit on Tuesday—Sensex fell by 339 points to 84,611, and Nifty dropped 121 points to close at 25,891.
This breaks the recent winning streak, mostly thanks to investors cashing in profits and some shaky signals from around the world.
Why does this matter?
If you're following the markets or thinking about investing, these moves signal how global trends can quickly shake things up at home.
US markets also ended in the red on Monday, while Asian markets also turned red—so it's not just an India story.
What's behind the fall?
The biggest drops were in IT and metal stocks. Tech shares slipped as hopes for a US Fed rate cut faded (now just a 43% chance), while metal stocks lost ground due to a stronger dollar.
Add in some rupee weakness and market volatility from derivatives expiry—it was a rough day across sectors.