Stock market news, Nov. 6 -- On Tuesday, Indian stock markets experienced a significant downturn, with the Nifty 50 closing under 25,600 and the Sensex dropping nearly 519 points. The decline was widespread, impacting nearly all sectors, as weak global signals and ongoing profit-taking dampened market sentiment.

In general, investors remained wary due to persistent Foreign Institutional Investor outflows and unpredictability in global markets, leading to a broad wave of profit-taking. Metals declined because of a weak demand forecast and reduced industrial activity in China, while IT shares dropped following lackluster second-quarter earnings.

On Wednesday, the Indian stock market was close on occasion of Guru Nanak Jayanti.

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