Sensex Dips 550 Pts from Day's High, Nifty Below 25,700: Profit Booking, FII Selling Cited

• Sensex fell 550 points from its day's high, closing 187 points lower at 83,570.35, while Nifty ended at 25,694.35 after hitting 25,850.
• Profit booking occurred as investors awaited Q3 results from Reliance Industries, ICICI Bank, and HDFC Bank.
• Bank Nifty also saw mild profit booking, falling below the 60,000-level after reclaiming it.
• The US Supreme Court's delayed ruling on Donald Trump's tariffs did not influence the market in the near-term.
• Foreign Institutional Investors (FIIs) were net sellers, extending outflows and impacting market sentiment, while DIIs were net buyers.

Why It Matters: Indian benchmark indices trimmed gains due to profit booking, FII selling, and anticipation of Q3 results.