Fear Closing Bell: Nifty Ends Flat, Sensex Slides Amid Profit Booking; PSU Banks Shine
Fear Closing Bell: Nifty Ends Flat, Sensex Slides Amid Profit Booking
Indian equity markets ended a volatile session on a mixed note today as benchmark indices gave up early gains amid broad-based profit booking in the second half. The BSE Sensex closed down 172 points at 74,625, while the NSE Nifty50 managed to hold above key psychological support, ending flat at 22,683.
- Sensex: ▼ 172 pts at 74,625
- Nifty50: ▲ 6 pts at 22,683
- Bank Nifty: ▲ 0.5% led by PSU banks
- India VIX: ▼ 2.1%, indicating easing market volatility
- Winners: PSU Banks (SBI, BoB, Canara Bank ↑2–4%)
- Losers: IT & FMCG (TCS, HUL, Infosys under pressure)
“Markets are showing signs of fatigue near lifetime highs. While the undertone remains bullish, we could see some consolidation in the coming sessions. Stock-specific action will dominate ahead of the RBI meeting and ongoing earnings season.”
— Ankita Sharma, Senior Research Analyst, Axis Wealth
- FIIs: Net sellers ₹425 crore
- DIIs: Net buyers ₹611 crore
- Dow Futures & Asian Market opening
- Crude Oil price trend, USD/INR
- Earnings: L&T, Nykaa
- Weekly Options Expiry build-up
While the frontline indices failed to build on early momentum, undercurrents remain resilient. The rotation between sectors suggests a healthy market. With FII flows mixed and global cues uncertain, traders are advised to stay nimble and avoid aggressive leveraged positions.
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