Sensex, Nifty Fall on Profit Booking, US Tariff Fears; IT Leads Decline

• Indian equity markets closed lower due to profit booking and fears of new US tariffs on Indian rice.
• Sensex fell 436.41 points (0.51%) to 84,666.28, while Nifty dropped 120.90 points (0.47%) to 25,839.65.
• Small and Mid-cap indices outperformed, with Nifty MidCap up 0.32% and Nifty SmallCap up 1.14%.
• IT, Auto, and Pharma sectors led declines; Asian Paints, Tech Mahindra, and HCL Tech were among top Sensex laggards.
• Global markets in Asia and the US also traded lower, with investors awaiting the Federal Reserve's policy decision.

Why It Matters: Your investments are affected by market drops and potential US trade tariffs.