Indian benchmark indices slipped sharply as traders booked profits after recent highs, with the Sensex falling 519 points and Nifty closing below 25,600. Weakness in IT and auto sectors dragged sentiment lower amid fading hopes of near-term rate cuts and uncertainty over trade agreements. Asian markets mirrored the decline, marking their steepest seven-month fall. Analysts note the pullback follows strong foreign inflows in October and may represent a healthy correction amid elevated valuations.