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Market wrapEconomic Times

Sensex drops 600 points, Nifty below 25,100 as rally halts

Negative-5

GreyOak summary

Indian markets fell on November 13 as the explosive rally halted, with Sensex dropping over 600 points and Nifty 50 trading below 25,100. Retail inflation accelerated to 6.09% in October, breaching the RBI's upper tolerance limit and fueling rate hike worries. While major banks and auto stocks led losses, Sun Pharma and HUL gained. Broader indices slipped, and market breadth turned negative.

What it affects

  • SENSEXNegative -5

    Sensex dropped over 600 points to 81,300.Rolling sentiment Neutral +1

  • NIFTY 50Negative -5

    Nifty 50 fell over 200 points below 25,100.Rolling sentiment Positive +21

Source

Read the original at Economic Times

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