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BSE Sensex drops ~150 points amid global IT and pharma stock sell‑off
The benchmark BSE Sensex ended the day down about 150 points as selling pressure on international IT and pharmaceutical shares weighed on the market.
The BSE Sensex closed lower, shedding roughly 150 points, reflecting ongoing volatility in Indian equity markets.
The decline was driven by heightened selling pressure on shares of global information technology and pharmaceutical companies, prompting investors to rotate out of these sectors.
Analysts noted that the broader market remains sensitive to overseas cues, especially as earnings reports and regulatory developments affect the IT and pharma segments.
The move underscores the need for caution among market participants as external factors continue to influence domestic indices.
The decline was driven by heightened selling pressure on shares of global information technology and pharmaceutical companies, prompting investors to rotate out of these sectors.
Analysts noted that the broader market remains sensitive to overseas cues, especially as earnings reports and regulatory developments affect the IT and pharma segments.
The move underscores the need for caution among market participants as external factors continue to influence domestic indices.