Sensex Dips 400 Pts, Nifty Below 25,550: Key Factors Behind Market Trimmed Gains

• Benchmark indices Sensex and Nifty saw significant profit booking after an early rise, with Sensex falling 400 points from its day's high and Nifty trading below 25,550.
• Geopolitical tensions, specifically US-Iran standoff and rising Brent crude prices, negatively impacted market sentiment.
• Foreign and Domestic Institutional Investors (FII, DII) were net sellers, offloading substantial amounts of Indian equities.
• A weakening rupee, trading at 90.95 against the US dollar, added to market concerns.
• IT sector experienced a significant selloff for the third consecutive session, contributing to the Nifty IT index's longest losing streak in nearly four years, while India VIX surged 7.65% indicating increased market volatility.