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

Market
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CNBC TV18•05-01-2026, 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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