In a session marked by volatility, India’s key stock indices closed lower on Wednesday. Sensex fell 270.84 points (0.33%) to 81,909.63, and Nifty eased 75 points (0.30%) to 25,157.50, as profit-taking hit select heavyweights.
Sectoral laggards included consumer durables (down 1.66%), alongside defense, PSU banks, and financial services with losses up to 1.25%. Positive momentum in metals, oil & gas, infra, energy, and commodities provided counterbalance but wasn’t enough to stem the tide.
Midcaps and smallcaps saw intensified selling versus largecaps. Nifty Midcap 100 declined 661.70 points (1.14%) to 57,423.65; Nifty Smallcap 100 lost 149.85 points (0.90%) to 16,551.20, underscoring caution in growth-oriented segments.
Sensex bright spots: Eternal, UltraTech Cement, Indigo, Adani Ports, Power Grid, Tata Steel, TCS, Bajaj Finserv, Tech Mahindra, Bajaj Finance. Draggers: ICICI Bank, Trent, BEL, Axis Bank, HDFC Bank, L&T, SBI, Maruti Suzuki, Kotak Mahindra Bank.
BSE tallied 2,831 decliners to 1,437 gainers, 137 unchanged, indicating broad-based pressure. Sudip Shah, SBI Securities, analyzed: Nifty hit 24,920 early low, surged to 25,300, settled at 25,158. ‘Watch 24,950-24,900 support; 25,300-25,350 resistance,’ he advised.
With eyes on macroeconomic indicators and FII flows, today’s dip reflects tactical repositioning. Holding key supports could stabilize sentiment, potentially setting up for upside if global winds turn favorable.