Stock Market Today: Nifty Ends Below 26,000 Post Last-Hour Plunge, Sensex Settles Near Day's Low

The rupee closed 17 paise stronger at 89.24 against the US Dollar.

Source: Bloomberg

• Benchmark fell for second consecutive day, Nifty close below the 26000 mark

• Broader market indices closed under pressure

• Nifty midcap 150 fell for third consecutive day

• Nifty small cap 250 fell for fifth consecutive day

• Nifty midcap 150 , top losers include Deepak nitrite and CG power

• Nifty smallcap 250 , top losers include Raymond and Anant Raj

• All sector indices closed in red ,barring Nifty IT

• Nifty IT remained the top sectoral gainer, top gainer includes Tech M and Wipro

• Nifty realty remained as top sectoral loser ,top losers include Raymond and prestige

• Nifty FMCG snaps three day gaining streak

• Nifty oil and gas, Nifty auto fell for second consecutive day

• Nifty PSU and Nifty Pharma fell for third consecutive day

• Nifty Realty fell for fifth consecutive day

• Promoter Kuldeep Singh Rathee proposes to sell 4% stake in company

• Promoter's shareholding in co to reduce to 74.95% from 78.95% earlier post stake sale

Source: Exchange Filing

Carry trade is a long-established currency-market strategy in which investors borrow low-yielding currencies to invest in higher-yielding ones.

For years, thanks to the Bank of Japan’s ultra-low interest rates and a weak yen, the Japanese currency became one of the world’s favourite funding unit.

But when the yen strengthens against the dollar, those trades quickly turn unprofitable, pushing investors to unwind positions, often triggering broad sell-offs across global markets.

Read the whole story here.

• Nifty down 100 points from days high

• Nifty dragged by Nifty Realty and Nifty Oil and Gas

• Prestige, Raymond, Brigade and Godrej Properties fell over 2% off day's high

• Broader market indices remains under pressure

• Nifty smallcap 250 being dragged for fifth consecutive session