Stock market today: Nifty50 ends below 25,000; BSE Sensex tanks over 500 points

The stock market witnessed a significant downturn today as the NSE Nifty 50 dropped by 140.50 points, or 0.56%, to close at 24,971.90, slipping below the 25,000 mark. This decline highlights investor concerns amid ongoing economic uncertainties. Market analysts suggest that global cues and profit-booking in key sectors contributed to this downward trend, with several heavyweight stocks experiencing notable losses. The BSE Sensex also faced a substantial dip, plummeting over 500 points. This 30-share index's performance reflects broader market sentiment, as investors reacted to domestic and international developments. Key sectors such as technology, finance, and consumer goods saw declines, further exacerbating market pessimism. Despite some gains in select stocks, the overall market mood remained cautious, with traders closely monitoring upcoming economic data releases. As investors navigate this volatile period, experts recommend a strategic approach to portfolio management. Attention is now focused on upcoming corporate earnings and policy announcements, which could provide direction for market movements in the coming weeks. While today's session closed in the red, market participants remain hopeful for stabilization and potential recovery, depending on evolving economic indicators and global market trends.

— Authored by Next24 Live