Sensex, Nifty Fall Sharply After Noon Sell-Off

• Stocks fell sharply amid heavy selling pressure, especially in IT and auto sectors.
• Sensex declined 367 points to 85,041.45; Nifty dropped 99.80 points to 26,042.
• Breaching 20-DMA raised technical concerns, intensifying cautious sentiment after noon.

Mumbai: The stock market remained weak and sluggish throughout the session and failed to recover till the closing hours. Heavy selling pressure dragged indices close to their day’s lows. IT and auto stocks

saw the maximum selling, pulling Nifty below its important 20-day moving average, signalling short-term weakness.

The Sensex closed 367 points lower at 85,041.45, while the Nifty fell 99.80 points to end at 26,042. During intraday trade, the break below the 20-DMA raised technical concerns. The overall mood remained cautious as selling intensified after 12 noon.