Sensex drops 504 points; Nifty closes below 26,100

Business Dec 02, 2025

Indian stock markets had a rough Tuesday, with the Sensex falling 504 points to close at 85,138 and the Nifty slipping below 26,100.
This marks the third day in a row of losses as investors booked profits and stayed cautious.

Why does this matter?

Big banks like HDFC and ICICI took heavy hits, dragging down the market.
The rupee also hit a record low of ₹89.95 against the US dollar, which analysts suggest could make things tougher for foreign investors and add to worries about global trade uncertainty.

What's going on under the hood?

Not everything was gloomy—Asian Paints jumped 3% after some good news from analysts, and Maruti Suzuki edged up ahead of its e-Vitara launch.
Still, aviation stocks like InterGlobe tumbled.