Nifty at 25,500, Sensex Sheds 470 Points; PSU Bank Index Gains

The Indian stock market witnessed sharp movements today as the Nifty touched 25,500, while the Sensex slipped by 470 points amid mixed sectoral cues and profit booking.

Key Losers and Gainers on the Nifty

Several heavyweight stocks were under pressure, dragging the index lower.

Major losers included Tata Consumer, Maruti Suzuki, Kotak Mahindra Bank, Hero MotoCorp, and Axis Bank.

On the other hand, a few stocks managed to buck the trend and held firm:

Top gainers were SBI, Trent, Shriram Finance, IndusInd Bank, and Bharat Electronics.

These contrasting moves reflect sector-specific reactions and investor caution as the market tests new highs.

Sectoral Trends: PSU Banks Shine, Others Lag

The PSU Bank index emerged as a bright spot, rising 2.5% on the back of strong institutional interest and positive sentiment in the public banking space.

However, sectors like realty, FMCG, auto, and metal were seen trading in the red, contributing to the overall market weakness.

Rupee at Day’s Low

Adding to the market pressure, the rupee touched its day’s low, reflecting weakness in domestic currency amid global uncertainties and foreign outflows.

Market Outlook

Despite the Nifty reaching 25,500, volatility remains high. While PSU banks offer short-term support, weakness in broader sectors and heavyweight stocks may limit upside in the near term.

Investors are advised to stay cautious, monitor global cues, and focus on sectoral trends.