An investor watches the share index at a local share and stock market in the northern Indian city of Chandigarh June 18, 2012. Indian bond prices and stocks dropped while the rupee weakened against the dollar on Monday after the Reserve Bank of India surprised markets by keeping both the repo rate and the cash reserve ratio unchanged. REUTERS/Ajay Verma (INDIA - Tags: BUSINESS)
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CNBC TV1805-01-2026, 15:41

Market Dips After Record Highs: Sensex Falls 322, Nifty Below 26,300

  • Sensex dropped 322 points to 85,440, Nifty fell 78 points to 26,250, slipping below 26,300 after hitting a record high.
  • Market breadth weakened with a 2:3 advance-decline ratio, indicating more declines than advances.
  • HDFC Bank, Infosys, Wipro, HCL Technologies, ONGC, and Bajaj Finance were top laggards.
  • Nestle India, Bharat Electronics, Hindustan Aeronautics, Eicher Motors, Asian Paints, and Tata Steel were major gainers.
  • IT stocks declined due to brokerage downgrades; Defence, FMCG, Auto, AC-related, and Realty sectors saw gains.

Why It Matters: Indian markets corrected after record highs, with broad-based selling despite some sectoral gains.

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