Just the facts
Sensex drops 800 points as profit booking curtails gains, Nifty steadies at 25,200
Summary
The Sensex fell about 800 points from its intraday peak, while the Nifty index held around 25,200, as profit taking and IT sector selling pressured Indian markets.
The Sensex slipped roughly 800 points from its earlier high on November 11, and the Nifty index remained near 25,200 after earlier reaching an eight-month peak. Market participants cited profit booking and selling pressure in information technology stocks as the main factors weighing on the benchmarks. Analysts noted that the Nifty would need to break above the 25,400 level to sustain further bullish momentum.