The S&P BSE Sensex slumped 503.76 points or 0.60% to 83,313.93. The Nifty 50 index fell 133.20 points or 0.52% to 25,642.80. Over the past three consecutive trading sessions, the Sensex advanced 3.20%, while the Nifty gained 3.29%.

In the broader market, the BSE 150 MidCap Index fell 0.43% and the BSE 250 SmallCap Index tanked 0.81%. The market breadth was negative.

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, shed 0.69% to 12.17.

Among the sectoral indices, the Nifty PSU Bank index (up 0.38%), the Nifty FMCG index (down 0.38%) and the Nifty Oil& Gas index (down 0.11%) outperformed the Nifty 50 index.

Meanwhile, the Nifty Metal index (down 1.02%), the Nifty Consumer Durables index (down 0.82%) and the Nifty Auto index (down 0.58%) underperformed the Nifty 50 index.

RBI MPC:

The Reserve Bank's rate-setting panel has started its three-day meeting for the next bi-monthly monetary policy on Wednesday. The decision of RBI Governor Sanjay Malhotra-headed six-member Monetary Policy Committee (MPC) will be announced on Friday.

Numbers to Track:

The yield on India's 10-year benchmark federal paper shed 0.54% to 6.659 compared with previous session close of 6.695.

In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 90.3375 compared with its close of 90.4700 during the previous trading session.

MCX Gold futures for 2 April 2026 settlement fell 0.68% to Rs 152,000.

The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.18% to 97.83.

The United States 10-year bond yield advanced 0.05% to 4.280.

In the commodities market, Brent crude for April 2026 settlement dropped 95 cents or 1.37% to $68.51 a barrel.

Global Market:

European stocks traded lower on Thursday as traders digested regional earnings and awaited interest rate decisions from the European Central Bank and the Bank of England, due later in the day.

Asian markets ended lower as the tech sell-off on Wall Street gained momentum, with cryptocurrencies also falling.

Bitcoin declined more than 2%, hovering below the $71,400 level.

In US market, the S&P 500 fell on Wednesday as the sell-off in technology stocks intensified.

The broad market index slid 0.51% and closed at 6,882.72, while the Dow Jones Industrial Average added 260.31 points, or 0.53%, and settled at 49,501.30. The Nasdaq Composite dropped 1.51% to end at 22,904.58.

Meanwhile, ADP on Wednesday released its monthly look at private payroll growth for January, which showed an increase of just 22,000 on the month. That’s below the gain of 45,000 jobs that was forecasted and widely reported in the media.