Indian equities opened on a weak note Thursday, with the Sensex swinging between gains and losses and the Nifty holding firm above 25,850. Investors turned cautious ahead of updates on the India-U.S. trade deal, while IT and financial stocks weighed on sentiment.
Markets paused after a three-day rally as traders booked profits in select heavyweights. However, buying in FMCG and pharma counters helped offset some of the pressure.
Among key movers, Honasa Consumer surged 7%, Lupin gained over 4%, and Asian Paints rose nearly 3%. On the downside, Tata Motors Commercial Vehicles (TMCV) dropped about 3%, while Tech Mahindra, Axis Bank, and Infosys also traded lower.
Broader indices showed a mixed trend, with mid- and small-cap stocks holding relatively steady amid cautious global cues.
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