Market Wrap: Sensex Erases 600-Point Intraday Gain; Nifty Ends Near 23,950

Indian benchmark indices surrendered a large part of their intraday gains on July 9 as late-session profit booking weighed on sentiment. The Sensex retreated nearly 600 points from the day's peak, while the Nifty closed near the 23,950 mark despite a positive finish. Key Drivers Behind the Late Sell-Off: Profit Booking: Investors locked in gains after a strong intraday rally, triggering a sharp pullback in the final hours of trade. Global Uncertainty: Ongoing geopolitical tensions and cautious global sentiment limited further upside. Sector Rotation: While IT and Auto stocks underperformed, broader markets remained resilient with Realty emerging as the top-performing sector. Investment in securities market are subject to market risks. Read all the related documents carefully before investing