Sensex Drops 250 Points From Peak, Nifty Slips Under 23,800: Top 3 Factors For Market Reversal

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Sensex, Nifty Trim Gains: Profit Booking, FII Selling, Rupee Lows Drive Market Dip

Stock market today news: Sensex, Nifty see profit booking in trade.

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Moneycontrol•18-03-2026, 15:01

Sensex, Nifty Trim Gains: Profit Booking, FII Selling, Rupee Lows Drive Market Dip

•Sensex falls 250 points from day's high, Nifty drops below 23,800 after early gains.
•Profit booking emerged after two consecutive trading sessions of market rises.
•Foreign Institutional Investors (FIIs) offloaded equities worth Rs 4,741.22 crore on Tuesday, continuing a selling trend in March.
•Indian rupee hit a new lifetime low of 92.62 per dollar, driven by elevated oil prices due to West Asia conflict.
•Nifty's technical outlook suggests 23,700 as a challenge, with 23,550 as a key support level.

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Representational image (Image: News18)

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