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Sensex and Nifty Turn Red Amid Profit Booking
M
Moneycontrol•12-10-2026, 09:55
Sensex and Nifty Turn Red Amid Profit Booking
- •Benchmark indices Sensex and Nifty fell significantly from their day highs due to profit booking and other factors.
- •Sensex dropped 206.11 points to trade at 72,266.22 while Nifty slipped below the 22,500 mark.
- •RBI measures aimed at curbing rupee volatility and managing banking liquidity influenced market movements.
- •Analysts noted that Nifty needs to trade above 22,650 for bullish momentum to return to the market.
Key Questions Answered
Benchmark indices Sensex and Nifty declined significantly and turned red due to various factors, prominently including profit booking at higher levels after consecutive days of gains.
The Reserve Bank of India implemented measures such as a dedicated dollar window for oil marketing companies via designated banks and higher costs for specific foreign exchange hedging transactions to ease near-term depreciation and reduce spot market dollar demand.
According to market analysts, the Nifty needs to trade above 22,650 for bullish momentum to return to the market.
