Seven-day bullrun ends as Sensex, Nifty fall up to 1%

INDIA's equity market snapped its seven-day winning streak on Wednesday as benchmark indices—the BSE Sensex and NSE Nifty50—declined up to 1% due to profit booking and uncertainty over potential US trade tariffs ahead of the April 2 deadline.

- ARSHAD KHAN @ New Delhi

Before Wednesday's drop, both indices had rallied more than 5% each in the previous seven sessions.

The BSE Sensex closed at 77,288.50, down 728.69 points (0.93%), while the NSE Nifty50 ended 181 points (0.77%) lower at 23,486.85.

The broader market also saw profit booking, with the Nifty Smallcap100 index falling 1.07% and the Nifty Midcap100 index declining 0.62%.

Stocks and sectors with high US exposure, such as pharma and IT, faced selling pressure.

Except for IndusInd Bank, Power Grid Corp, Titan Company, and Mahindra & Mahindra, all other 26 Sensex stocks closed in the red.