Sensex And Nifty Close Lower On Volatility; IT Stocks Outperform

Indian stock markets ended Wednesday’s session in negative territory following a volatile trading day, as early gains were erased amid cautious investor sentiment and mixed global cues.

The Sensex slipped 153 points, or 0.19 per cent, to close at 81,773.66, while the Nifty fell 62 points, or 0.25 per cent, to settle at 25,046.15.

Market analysts noted that the Nifty opened on a firm note but could not sustain momentum beyond the resistance near 25,200, triggering profit booking across key sectors such as banking, auto, FMCG, and realty.

“The index subsequently touched a weekly low of 25,008, where buying interest emerged around the psychological support of 25,000,” experts said.

Mid-session recovery attempts faced renewed selling pressure near 25,130–25,150, forming a series of lower highs and lower lows on intraday charts.

Broader markets also saw declines, with the Nifty Midcap 100 index down 0.73 per cent and the Smallcap 100 index slipping 0.52 per cent.

IT Sector Leads Gains Amid Selling Pressure

Among sectoral indices, IT and Consumer Durables were the only bright spots. The Nifty IT index gained 1.51 per cent, driven by strong buying in heavyweights such as Infosys, TCS, Coforge, LTIMindtree, HCL Tech, and Tech Mahindra.

In contrast, the Realty, Media, Auto, and Energy sectors fell more than 1 per cent each. Nifty Bank, FMCG, Financial Services, Pharma, Metal, and Oil & Gas also ended lower by up to 1 per cent, reflecting broad-based selling pressure.

Experts said that profit booking and global uncertainties tempered market sentiment.

“The indices witnessed a volatile session as investors reassessed valuations ahead of the Q2 earnings season,” analysts noted.

Heightened global risks, including the US government shutdown, drove gold to historical highs, reflecting elevated risk aversion. Attention now shifts to the September FOMC minutes for signals on the US Fed’s policy stance.

Analysts added that while global developments remain relevant, market focus is likely to move toward domestic earnings, macroeconomic data, and the upcoming festive season, which could shape market direction in the coming weeks.

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