The Sensex dropped 466 points while Nifty slid below 25,750 in afternoon trade, weighed down by foreign investor outflows and weak global cues. Selling pressure dominated IT and FMCG counters as traders booked profits following recent highs. Broader market indices also lost traction despite stable corporate earnings. Dealers attributed the pullback to risk aversion linked to upcoming U.S.–China trade decisions. Meanwhile, rupee weakness added to near-term concerns for overseas fund flows. Analysts expect volatility to persist as liquidity tightens before key macro data releases next week.