Sensex drops 367 pts, Nifty below 26,050 amid FII selling

The domestic share market declined on Friday amid profit booking in a holiday-truncated week, with sustained selling by foreign institutional investors (FIIs) weighing on sentiment.At close the Sensex was down 367.25 points or 0.43 percent lower at 85,041.45, while the Nifty was down 99.80 points or 0.38 percent at 26,042.30.
HDFC Bank,ICICI Bank,SBI,Induslnd Bank were the top gainers on the Nifty,while losers included Asian Paints,TCS Shriram Finance and Sun Pharmaceutical Industries
Rupee Close:
On 26 Dec'25, the Indian rupee depreciated 15 paise to close at 89.86  against the US dollar on Friday, tracking a negative trend in domestic equities and foreign fund outflows. Forex traders said a recovery in crude oil prices, significant dollar demand from importers, and risk-off sentiment amid trade deal uncertainties further dented investor sentiment.
Trading Guide:
Higher US GDP growth of 4.3% for the third quarter of 2025 is imparting resilience to the US market. The high and rising profitability of US companies, including the AI ones, might nudge other FIIs, particularly the fleet footed hedge funds, to increase selling in India in the near-term," stated Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Investments.
Market experts recommended five shares to drop today-Sumeet Bagadia recommends five shares to buy today - Olectra Greentech, GMDC, NTPC Green, Dalmia Bharat, Kalpataru Projects.

(Business Correspondent)