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Even as the Sensex fell 519 points to 83,459, nine BSE 200 stocks including Shriram Finance, SBI, Bharti Airtel, and Titan touched new 52-week highs, signaling strong bullish momentum.
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Nifty and Sensex fell 0.64% each as IT, auto, and metal stocks dragged markets. Key movers included Hitachi Energy, Thangamayil Jewellery, 3M India, City Union Bank, and Hero MotoCorp.
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ICICI Direct’s Dharmesh Shah expects the Nifty to retest record highs of 26,300 by December 2025, advising investors to buy on dips as the market consolidates healthily. He sees PSU banks and midcaps leading the next rally, with Union Bank of India as a top pick, targeting ₹168. Strong support for Nifty lies near 25,400.
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Indian equity benchmarks Nifty and Sensex experienced sharp declines on Tuesday, extending their losing streak. The IT, auto, and metal sectors were major contributors to the downturn. Despite broader market weakness, select stocks like Bharti Airtel and Titan Company reached record or multi-year highs on positive earnings reports.
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