Market Highlights: Sensex settles 593 pts lower, Nifty slips below 25,900; DRL down 4%,

CIPLA

3%

Indian equities ended sharply lower on Thursday, with both the Sensex and Nifty retreating as investor sentiment weakened following the U.S. Federal Reserve’s rate cut. While the move was widely expected, the Fed’s indication that this could be the final reduction of 2025 dampened risk appetite. Additional global and technical factors further weighed on the markets. Market Close: S&P BSE Sensex: 84,404.46 ▼ 592.67 points (−0.70%) NSE Nifty 50: 25,877.85 ▼ 176.05 points (−0.68%) Pharma stocks were among the top laggards, with Dr. Reddy’s Laboratories (−4%) and Cipla (−3%) leading the decline. Four Factors That Dragged D-Street Lower Fed signals pause after rate cut: The U.S. central bank cut rates as expected but hinted that further easing is unlikely this year, dampening global risk sentiment. FII outflows continue: Persistent foreign investor selling added pressure to domestic equities. U.S.–China trade tensions: Renewed concerns over trade disputes between the two major economies weighed on global markets. Technical indicators suggest more downside: Key indices are showing signs of near-term weakness, pointing to the possibility of further correction ahead. Disclaimer: Investment in securities market are subject to market risks. Read all the related documents carefully before investing.