Indian equity markets ended Thursday’s session in the red, as major indices gave up early gains amid selling pressure in IT and banking stocks.
At close, the Sensex settled at 82,259.24, down 0.45%, while the Nifty ended at 25,111.45, slipping 0.40%. The Nifty Bank too closed lower at 56,828.80, down 0.59%.
What moved the markets today –
Gains in select heavyweights
A few large-cap names managed to stay afloat. Tata Steel, Trent, Titan, and UltraTech Cement emerged as the top performers on the Sensex 30 pack.
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On the losing side, pressure was seen in the IT and banking counters. Stocks like Tech Mahindra, Infosys, HCL Tech, L&T, and Axis Bank led the decline, pulling the benchmarks lower.
Indices in focus
Among sectoral indices, the BSE SME IPO index stole the spotlight, rising 1.53%. The BSE Realty index gained 0.93%, while Metals moved up by 0.63%. The FMCG index also ended with modest gains of 0.46%.
Sector snapshot
In the broader market, the non-alcoholic beverages sector saw a 2.24% increase in market capitalisation. Tea and coffee stocks rose 2.05%, and the glass sector added 2.01%. Other sectors like edible fats and leather posted gains of 1.71% and 1.43%, respectively.
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