Stock market today: Nifty 50, Sensex fall for 3rd straight day weighed down by losses in banks, IT stocks | Stock Market News

Stock Market Today: Indian markets closed in the red once again, with minimal losses, as selling pressure in financial and IT stocks dragged the frontline indices lower, offsetting gains in metal and real estate stocks.

It was the third straight decline for the market, but the losses were limited. The Nifty 50 ended the session with a minor cut of 0.08%, closing at 22,913, while the Sensex finished at 75,736, down 0.26% compared to Wednesday’s closing price.

The broader market continued to maintain strength over the last few sessions after stocks had been battered for an extended period. The Nifty Midcap 100 index wrapped up the session with a gain of 1.30%, closing at 51,163 points, while the Nifty Smallcap 100 index recorded an even higher gain of 1.43%, settling at 15,747 points.

Meanwhile, the minutes from the Federal Reserve’s January meeting, released on Wednesday, showed that policymakers agreed they would need to see further declines in inflation before lowering interest rates, indicating that rates will stay where they were for longer, which dragged IT stocks lower in today’s session.

The index ended the session with a drop of 0.14% at 40,865 points. US policymakers also expressed concerns about the impact of President Donald Trump’s tariffs on achieving that goal.

Many participants suggested that the Committee could maintain the policy rate at a restrictive level if the economy remained robust and inflation stayed elevated. Conversely, several noted that policy could be eased if labor market conditions weakened, economic activity slowed, or inflation returned to 2% more quickly than expected.

The US Fed’s pause in rate cuts in January, coupled with escalating trade tensions as Trump announces fresh tariffs on incoming goods to the US, is fueling a sustained rally in gold prices. In today’s session, spot gold prices touched another record high of $2,954.60 per troy ounce, bringing its YTD gain to 12.5%

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