Market Close Highlights: Sensex swings 1,200 pts, ends 636 pts down; Nifty below 24,550; banks drag

The BSE Sensex index experienced a volatile trading session, swinging within a 1,200-point range. It reached a high of 81,774 before dipping to a low of 80,575. By the end of the day, the Sensex closed 636 points lower, reflecting investor caution and market unpredictability. The Nifty index also mirrored this turbulence, falling below the 24,550 mark. Analysts attributed the declines to mixed global cues and domestic economic concerns. The banking sector was notably impacted, with major financial stocks dragging the indices down due to profit booking and regulatory uncertainties. Market participants are closely watching geopolitical developments and upcoming corporate earnings reports for direction. Despite the downturn, some experts suggest this could present buying opportunities for long-term investors, as market fundamentals remain largely intact.

— Authored by Next24 Live