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Six-Day Rally Snaps As Profit-Taking Pressures Nifty And Sensex
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Indian benchmarks retreated after a six-session climb, with broader profit-taking pushing Nifty below 25,800.
Equities reversed after a sustained advance as broad profit-taking dragged indices lower. The Sensex fell by roughly 344 points and the Nifty slipped beneath the 25,800 mark, with pressure led by sectors exposed to recent gains. Large constituents including Cipla, Adani Ports, and UltraTech Cement featured among notable decliners, indicating selling in defensives and cyclicals. Market breadth weakened alongside intraday volatility, suggesting traders locked in short-term profits following a multi-session climb. Analysts flagged support bands near recent put concentrations and cautioned on headline sensitivity into global macro data.