Overview
- Indian benchmarks closed lower, with the Sensex at 83,313.93 (-503.76) and the Nifty at 25,642.80 (-133.20), snapping a three-day advance.
- IT and metal shares led declines on Dalal Street after steep losses in global software, data services and chip stocks.
- U.S. indices retreated earlier as worries about AI-driven disruption intensified following Anthropic’s launch, while gold and silver rallied sharply.
- Rotation favored value and cyclical names as higher Treasury yields and hawkish Federal Reserve comments pressured growth shares.
- Traders awaited clarity from delayed U.S. labor data due to a partial government shutdown and the RBI’s policy decision on Friday.