Sensex sheds 645 pts as global cues, US fiscal concerns weigh

The domestic share market indices traded lower on Thursday weighed down by losses in banking and IT sectors amid concerns over U.S. fiscal health and surging Treasury yields. At close, the Sensex was down 644.64 points or 0.79 percent at 80,951.99, and the Nifty was down 203.75 points or 0.82 percent at 24,609.70. About 1724 shares advanced, 2049 shares declined, and 159 shares unchanged.
TCS, Infosys, HCL Tech, Wipro, and Tech Mahindra each fell by over 1 percent in intraday trade, according to information. On the sectoral front,the Nifty IT index was the top losers on the Nifty. This came after global ratings agency Moody's downgraded its outl ook, and traders grew cautious over a new tax bill introduced by US President Donald Trump. While the Nifty Media and Nifty Metal indices managed to post modest gains.
Rupee Close:
On 22 May'25,the Indian  rupee weakened past the 86 mark on Thursday on likely foreign outflows from domestic equities as the dollar and crude oil prices remained under pressure. 
Trading Guide:
Market experts recommended five shares to buy- City Union Bank, LT Foods, Kajaria Ceramics, Sarla Performance Fibers, and Shiva Texyarn.

(Business Correspondent)