Stock market today: Nifty50 ends below 25,100; BSE Sensex down over 100 points

Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, ended in red on Monday primarily due to profit-booking in IT and automotive sectors following recent gains.Nifty ended its eight-day positive streak in volatile trading on Monday, and BSE Sensex declined by nearly 119 points. The NSE Nifty decreased by 44.80 points or 0.18 per cent to 25,069.20. The BSE Sensex fell by 118.96 points or 0.15 per cent to close at 81,785.74, fluctuating between a high of 81,998.51 and a low of 81,744.70.Market participants remained cautious ahead of the US Federal Reserve's policy meeting this week. Notable declines amongst Sensex companies included Mahindra & Mahindra, Asian Paints, Infosys, Titan, Sun Pharma, Tata Consultancy Services, Tech Mahindra and Power Grid, whilst Bajaj Finance, Eternal, UltraTech Cement and Reliance Industries showed gains."Benchmark indices traded largely flat as investors remained cautious ahead of the Fed policy meeting, with the IT index witnessing profit-booking after last week's rally. While a 25-bps rate cut is largely factored in, markets await guidance on the future rate path to gauge the trajectory for bond yields."Strong domestic consumption continues to underpin sentiment and limit downside, while renewed optimism around trade deals and an expected earnings recovery in H2FY26 are further supporting investor confidence," Vinod Nair, Head of Research, Geojit Investments Limited, said.Asian markets showed mixed results, with gains in South Korea's Kospi and Hong Kong's Hang Seng, whilst Shanghai's SSE Composite declined. Japanese markets remained closed for a holiday. European markets predominantly traded higher, whilst US markets closed mixed on Friday.On Friday, the Sensex had gained 355.97 points to 81,904.70, whilst the Nifty advanced 108.50 points to 25,114. The previous week saw the BSE benchmark rise by 1,193.94 points and the Nifty increase by 373 points. Over eight trading sessions, the Nifty accumulated gains of 534.4 points.Brent crude rose 0.48 per cent to USD 67.31 per barrel. Foreign institutional investors purchased equities worth Rs 129.58 crore on Friday, according to exchange data.(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)