Markets ended the day on a weak note, with the Sensex falling 266 points to 86,120 and the Nifty 50 closing near 25,700. Investors remained cautious amid volatility in domestic indices and weak global cues from the US and Asian markets.
Among individual stocks, HDFC, Infosys, and Reliance Industries led the gainers, showing resilience despite broader market weakness. On the other hand, Tata Steel, Titan, and Bharti Airtel dragged the indices lower, reflecting selective profit-taking in cyclical and high-beta stocks. Sectoral indices mirrored this mixed trend, with IT and financials outperforming while metals and consumer durables lagged.
Foreign institutional investors (FIIs) continued as net sellers, while domestic institutional investors maintained selective buying, indicating cautious optimism in certain pockets of the market. Analysts noted that short-term volatility could persist as traders await clearer cues from domestic and global developments.
On the global front, markets in the US and Asia recorded sharp declines, particularly in technology and risk-sensitive sectors, which added pressure on Indian benchmarks. This comes as investors remain attentive to inflation trends, interest rate expectations, and geopolitical developments.
Corporate earnings updates also influenced sentiment. Nykaa reported a strong quarterly profit, while Bharti Airtel’s pre-exceptional profits rose, although net profits fell due to one-off expenses. Such results highlight selective sectoral strength even as the broader market remains under pressure.
With the Reserve Bank of India’s policy signals looming, market participants are advised to monitor key support and resistance levels before taking fresh positions.
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