Stock Market Highlights: Indian equities ended lower after a volatile session, with IT stocks weighing on sentiment and erasing early gains. While private banks, pharma and metals offered support, broader markets remained weak as the Nifty slipped below 23,200 and midcap and smallcap indices fell around 0.5% each.
Stock Market Highlights: Indian equities ended lower after a choppy session, with the Sensex falling 151 points to 73,833 and the Nifty shedding 53 points to close at 23,162, slipping below the 23,200 mark. Persistent weakness in technology stocks weighed on sentiment, with the Nifty IT index extending its losing streak to a seventh straight session as all its constituents ended in the red.
Broader markets underperformed, with the Nifty Midcap index dropping 485 points, while market breadth remained decisively negative. The NSE advance-decline ratio stood at 1:3, signalling widespread selling beyond the benchmark indices. Defence stocks were among the worst hit, with MTAR Technologies tumbling over 11% after a setback involving a key global client.
Banking stocks provided some support, helping the Nifty Bank index close 76 points higher at 55,177. Among individual movers, Zee Entertainment surged over 9% after its board approved a ₹2,300 crore fund raise, while PPAP Automotive rallied 19% following a partnership with France’s Hutchinson.