By Admin 
Stock Market Today: There was a sharp decline in the Indian stock market on Thursday due to all-round selling pressure by investors. On the fourth trading day of the week, the Sensex closed down by about 780 points, while the Nifty slipped below the important level of 26,000.
sharp decline in the market
The fall in the market was led by IT and technology stocks. Heavy selling was seen in tech stocks due to weak global cues, dollar strength and increased uncertainty over US-related economic data. Apart from this, profit-booking by investors after the recent rally also weakened the market sentiment.
Talking about sector-wise performance, IT, realty and metal shares showed maximum pressure, while banking and FMCG shares also remained untouched by the decline. Weakness was also recorded in midcap and smallcap stocks, due to which the market breadth remained negative.
Investors alerted
According to market experts, due to weakness in global signals, continuous selling by foreign institutional investors (FIIs) and caution before the budget, investors seem to be avoiding taking risks. The direction of the market in the coming sessions will depend on the global markets, crude oil prices and activities of foreign investors.
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