Taking Stock: Markets fall for 3rd day as Nifty below 25,900, Sensex slips 120 pts; media, realty top drags
Indian equity benchmarks closed slightly lower as cautious sentiment weighed on trading through the session. The Nifty slipped below the 25,900 mark, while the Sensex ended around 120 points down, reflecting mild profit booking after recent gains. Selling pressure was most visible in media and realty stocks, which emerged as the biggest laggards of the day. Broader market participation remained mixed, with select sectors showing resilience despite weak headline indices. Investors stayed watchful ahead of global cues, including movements in international markets, commodity prices, and upcoming economic data. Banking and IT stocks provided limited support but failed to offset losses in rate-sensitive and consumption-linked sectors. Overall market breadth leaned slightly negative, indicating a cautious short-term outlook. Experts suggest that while the long-term trend remains constructive, near-term consolidation is likely as traders reassess valuations and global risk factors.
The Key points
- Nifty closed below the crucial 25,900 psychological level.
- Sensex declined by about 120 points in volatile trade.
- Media stocks faced notable selling pressure.
- Realty sector emerged as one of the top losers.
- Banking shares offered limited downside protection.
- IT stocks traded mixed amid global uncertainty.
- Broader markets showed a cautious and uneven trend.
- Profit booking followed recent market highs.
- Global cues kept investors on the sidelines.
- Analysts expect short-term consolidation in Indian equities.
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