The Nifty snapped its four-day winning streak, slipping below 25,800, while the Sensex fell nearly 400 points. Midcaps cooled off even as smallcaps managed to stay in the green. The IT sector emerged as the worst performer of the day, with auto and metal stocks also coming under pressure. In contrast, pharma and PSU bank stocks showed resilience in an otherwise tepid market. Despite the day’s weakness, the Nifty ended the week on a positive note, breaking its two-week losing run with a 1% gain.
The Nifty snapped its four-day winning streak, slipping below 25,800, while the Sensex fell nearly 400 points. Midcaps cooled off even as smallcaps managed to stay in the green. The IT sector emerged as the worst performer of the day, with auto and metal stocks also coming under pressure. In contrast, pharma and PSU bank stocks showed resilience in an otherwise tepid market. Despite the day’s weakness, the Nifty ended the week on a positive note, breaking its two-week losing run with a 1% gain.
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