Sensex Slips 200 Points as FIIs Exit | Budget 2026, RBI Notice, Cipla Hit, Gold Stocks Rally

Indian markets see the Sensex slip by 200 points to hover near 84,500, influenced by negative global headwinds and FII outflows. Market expert Avinash Gorakshakar analyzes the day's action, pointing to the upcoming Budget 2026 and its potential capital market reforms, such as Long-Term Capital Gains (LTCG) tax relief, as key factors for market sentiment. In regulatory news, the Delhi High Court has issued a notice to the RBI regarding the enforcement of Digital Lending Directions 2025 and privacy concerns over lending apps. Corporate updates include a setback for Cipla, as the USFDA flagged compliance issues at a partner's facility, impacting the oncology drug Lanreotide. Conversely, jewellery stocks like Titan and Senco Gold rallied amid rising gold prices and strong festive demand. The report also provides a sectoral outlook, with IT emerging as a top gainer, and highlights stock picks including Lupin and Apollo Hospitals, alongside a look at technology from CES 2026.