Live: Nifty extends loss to 2nd day, below 24,250; Auto stocks in fast lane | Closing Bell
Indian equity markets ended lower for the second consecutive session, with the Nifty slipping below the 24,250 mark amid cautious investor sentiment and mixed sectoral performance. The Sensex also closed in the red, as weakness in select heavyweight stocks kept benchmark indices under pressure.
Despite the broader market decline, the auto sector emerged as the standout performer, with buying interest seen in leading automobile stocks. Investors tracked corporate earnings, global market cues, and stock-specific developments, resulting in sharp moves across individual counters.
Financials, FMCG, and select pharma stocks witnessed profit booking, while metal and IT shares traded on a mixed note. Market participants remained focused on the ongoing earnings season, with quarterly results continuing to drive stock-specific action.
Broader markets showed resilience, as several midcap and smallcap stocks outperformed the benchmark indices despite the weak headline market. Analysts believe near-term volatility may persist amid global uncertainties, but strong earnings and domestic economic fundamentals could provide support to equities.
Stay tuned for the Closing Bell as we break down today’s top gainers and losers, sectoral trends, earnings reactions, and what investors should watch in the next trading session.
