Indian Markets Snap Seven-Day Rally on Wednesday on Profit-Booking

MT Newswires Live03-26

Indian indices ended lower on Wednesday, snapping a seven-session winning streak, as profit-booking and uncertainty over US reciprocal tariffs weighed on sentiment.

All 13 major sectoral indices ended in the red, with pharma stocks extending losses for a second straight session on concerns over potential US tariffs on drug imports.

The BSE Sensex declined 728.69 points, or 0.9%, to 77,288.50, while the NSE Nifty 50 dropped 181.80 points, or 0.8%, to 23,486.85.

NTPC (NSE:NTPC, BOM:532555) led the laggards, falling 3.5%, followed by Tech Mahindra (NSE:TECHM, BOM:532755) and Cipla (NSE:CIPLA, BOM:500087).

On the upside, IndusInd Bank (NSE:INDUSINDBK, BOM:532187), Trent (NSE:TRENT, BOM:500251), and Hero MotoCorp (NSE:HEROMOTOCO, BOM:500182) were among the top gainers.

Bharti Airtel (NSE:BHARTIARTL, BOM:532454) launched IPTV services in 2,000 cities across India, offering customers access to 29 streaming apps and Wi-Fi services, with plans starting at 699 Indian rupees.

Bajaj Steel Industries (BOM:507944) secured a 430 million Indian rupees export order for cotton ginning and processing machinery from an undisclosed international client, with delivery scheduled over six to nine months.

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