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Sensex slips 500 points as markets retreat from highs
Sensex dropped about 500 points from the day’s high as profit booking, weak global cues, and stock-specific selling dragged markets lower.
Indian equity benchmarks retreated sharply from intraday highs, with the Sensex falling over five hundred points and the Nifty hovering near the 25,000 mark. Analysts attributed the decline to profit booking at elevated levels, weakness in global cues, and selling pressure in heavyweight stocks. Caution ahead of key global data and mixed earnings commentary also weighed on investor sentiment through the session.