Markets Retreat as Profit Booking, FII Selling Weigh

Benchmark indices Sensex and Nifty slipped sharply from early highs as profit booking, sustained FII outflows and weakness in auto, IT and pharma stocks hit sentiment. Sensex fell over 500 points, while Nifty dropped below 25,650. Rupee weakness, global cues, Nifty expiry and tariff concerns added pressure. Major Losser -