Synopsis : Indian equity benchmarks slipped into the red after a volatile start, weighed down by sharp selling in IT stocks. Metals and PSU banks offered limited support, but overall sentiment remained cautious with selective sectoral rotation.
Indian stock markets traded lower on Wednesday after a choppy opening, as selling pressure in information technology stocks offset gains seen in metals and public sector undertakings (PSUs).
The BSE Sensex fell over 100 points, while the NSE Nifty 50 slipped below the 25,700 mark, reflecting cautious investor sentiment following Tuesday’s relief rally.
IT Stocks Under Pressure
IT counters witnessed a sharp pullback, dragging overall market momentum. Shares of Infosys slipped nearly 2%, while several other technology stocks also saw profit booking. The weakness in the IT pack came after a strong rally in the previous session, prompting traders to lock in gains.
In contrast, Eternal gained around 1%, standing out among select outperformers.
Sectoral Performance: Mixed Trend
Market action remained uneven across sectors:
IT and Media: Top laggards, facing heavy selling pressure
Metals and PSU Banks: Provided modest support
FMCG: Traded relatively stable
Broader Indices: Subdued, indicating lack of broad-based participation
The sectoral divergence suggests investors are rotating toward defensive and value-oriented pockets rather than taking aggressive exposure to growth stocks.
Commodities in Focus
In commodities, silver prices jumped about 2%, while gold rebounded by nearly ₹2,000, despite easing geopolitical tensions between the U.S. and Iran. The rise in precious metals indicates continued hedging demand amid global uncertainty.
Global Market Cues
Overseas markets presented a mixed picture:
S&P 500 futures down 0.1%
Japan’s Topix up 1.4%
Australia’s S&P/ASX 200 up 0.3%
Euro Stoxx 50 futures little changed
Muted global cues and sector-specific selling kept domestic markets under pressure.
Overall, the near-term outlook remains cautious, with traders closely watching sectoral trends and global developments for fresh direction.
Disclaimer : This article is for informational purposes only and does not constitute investment advice. Readers should consult a qualified financial advisor before making any investment decisions.
.jpg)
