The stock market cooled off on Monday after touching fresh record highs earlier in the day. The Sensex ended 65 points lower at 85,642, while the Nifty slipped 27 points to close at 26,176. Gains driven by upbeat GDP data and hopes of a rate cut faded through the session as investors booked profits and reacted to weak GST collections and a softer rupee.
Most sectors stayed mixed. Auto, IT, PSU banks and metal stocks held firm, while realty, consumer durables and pharma lost momentum. In the broader market, midcaps were flat and smallcaps saw a mild uptick.
Among the top performers were Adani Ports, Kotak Mahindra Bank, Tata Motors, Eicher Motors and Maruti Suzuki. On the losing side, InterGlobe Aviation, Bajaj Finance, Sun Pharma, Max Healthcare and Trent dragged the indices lower.
Overall, the market paused after its sharp rally, with traders watching global cues and domestic macro data for next direction.
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