Sensex and Nifty50 closed lower on Thursday, led by declines in FMCG and energy stocks. Markets will be closed on Friday for Guru Nanak Jayanti.

Indian stock markets experienced a significant drop on Wednesday, with the Sensex plummeting over 980 points and the Nifty falling below 23,600. Here are the top factors behind today's sell-off:

Sharp declines in Asian stocks, especially in China and semiconductor shares, amid concerns over Trump’s policies. Meanwhile, optimism around Trump’s potential tax cuts pushed Bitcoin to a record high of $89,637.

The markets kept on swinging intraday but ended flat at closing. The NSE Nifty 50 fell by 0.03% to 24,141, while the BSE Sensex dipped 0.01% to 79,496. The Nifty Healthcare was in red today while Nifty IT stood in green.

The Sensex gave up almost all the gains made in the last session, and fell 836 points, while the Nifty ended near the 24,200 level.

Oil prices declined by 2% as the U.S. dollar strengthened following projections of Donald Trump’s potential win in the presidential race.

Sensex rose by 694 points (0.88%) to close at 79,476, while Nifty increased by 218 points (0.91%) to end at 24,213, despite a volatile session with intraday dips of 0.6%.

Benchmark BSE Sensex fell over 900 points, while Nifty50 closed below the 24,000 level on Monday, weighed down by uncertainty around the hotly-contested US presidential election, while volatility spiked to a three-month high.

The BSE Sensex dropped 553 points to close at 79,389, while the NSE Nifty slipped 135 points to 24,205. Losses were led by major IT stocks like Tech Mahindra, HCL Tech, TCS, and Infosys, which fell between 2.5% and 4.5%.

Key equity indices, Sensex and Nifty50, traded lower on Wednesday, influenced by declines in banking and financial stocks amid ongoing foreign selling and disappointing corporate earnings.