Synopsis : Indian markets slipped further on Wednesday with Sensex down nearly 400 points and Nifty hovering near 25,050. IT and financials weighed on sentiment, while PSU banks provided some resilience.
The benchmark Indian equity indices extended losses in Wednesday’s morning trade amid selling pressure in IT and financial stocks. At 11 AM, the BSE Sensex was down 348 points at 81,753, while the NSE Nifty declined 102 points to 25,067, both hovering close to the day’s low.
On the BSE, Trent, SBI and Asian Paints emerged as the top gainers, providing some cushion to the market. In contrast, Tata Motors, Tech Mahindra and ICICI Bank led the pack of laggards.
Similarly, on the NSE, Trent, SBI and ONGC were among the best performers, while were the major drags.
Broader market indices also struggled for momentum. The Nifty SmallCap 100 dipped 0.02%, while the Nifty MidCap fell 0.29%, showing weakness in mid- and small-cap segments as well.
Sectorally, selling was broad-based. Nifty IT slipped 0.7%, making it the worst performer of the day, followed by Consumer Durables, down 0.6%. On the brighter side, Nifty PSU Bank gained 0.78%, continuing to shine amid steady buying interest in state-run lenders.
Analysts note that investor caution persists as global market cues remain mixed, and rising sector-specific pressures are weighing on overall sentiment.
Disclaimer : This article is for informational purposes only and does not constitute financial advice. Investors should consult certified financial experts before making investment decisions.
Would you like me to also prepare a "Top Gainers vs Top Losers" quick snapshot table to make the article more reader-friendly?
