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Indian Market Dips: Sensex Falls 350 Points, Nifty Near 24,550 – Why Gains Were Lost
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Sensex, Nifty Pare Gains: FII Selling, Profit Booking Drag Market
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Moneycontrol
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05-03-2026, 14:40
Sensex, Nifty Pare Gains: FII Selling, Profit Booking Drag Market
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Sensex fell 350 points from day's high, Nifty near 24,550 after paring early gains.
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Key reasons for decline: Persistent FII selling (over Rs 12,000 crore this month) and profit booking.
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Higher crude prices (Brent at $83.73) due to Persian Gulf tensions also weighed on market sentiment.
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HDFC Life, SBI Life, Hindustan Unilever were top laggards; Hindalco Industries, Coal India gained.
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Technical view suggests Nifty resistance at 24,625 and 24,840, with support below 24,370.
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