Bulls take a breather, financials drag Sensex 264 points lower, Nifty slips below 26,200

Sensex and Nifty ended their streak of record highs, closing in the red due to declines in heavyweight financial stocks. Sensex fell by 264 points to 85,571, while Nifty dropped 37 points to 26,178. Gains in IT and metal stocks partially offset the losses. Sequent Scientific surged over 14% after announcing a merger with Viyash Life Sciences. ​Despite the decline in blue-chip indices, the market capitalisation of all listed companies on the BSE surged by Rs 77,280 crore to Rs 477.92 lakh crore.