Sensex falls 383 points, Nifty settles at 23,779; IT, metals among top drags
Business Today 2 hrs ago·7 Sept 2026, 11:08 am
The Indian stock market ended the session in the red on Thursday, with the Nifty 50 index settling at 23,779. The BSE Sensex also slipped, falling 383 points. The broader market followed suit, with the Nifty Midcap and Smallcap indices closing lower. Sectorally, the information technology (IT) and metals sectors were the biggest drags on the market.
This decline comes as investors digest mixed global cues and profit-booking at higher levels. The IT sector has been under pressure due to a strengthening US dollar, which impacts the earnings of Indian IT companies. Meanwhile, the metals sector is facing headwinds from a slowdown in global demand and rising input costs.
Investors should keep a close watch on global cues, especially the US Federal Reserve's stance on interest rates. A further rise in US interest rates could lead to a sell-off in IT stocks. The metals sector will also be in focus as investors monitor global demand trends and commodity prices. The market is likely to remain volatile in the near term.
Excerpt from Business Today
Among the major Sensex laggards were Infosys Ltd, Reliance Industries Ltd (RIL), State Bank of India (SBI), Tata Consultancy Services Ltd (TCS), Tata Steel Ltd, Eternal Ltd, UltraTech Cement Ltd and Kotak Mahindra Bank Ltd. Indian equity benchmarks resumed their decline on Monday after a single-session pause, with…Read the original at Business Today
Key takeaways
- Category: Stocks.
- AI reads the tone as negative (potentially bearish) for the stock.
- Flagged as a high-impact, market-moving story.
Why it matters
This is a high-impact development and could move the stock. The tone is negative — watch for downside reaction. Use the price and stock snapshot to gauge how the market is responding.
