Market slips to day’s low as financials drag; Nifty closes below 24500

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Market slips to day’s low as financials drag; Nifty closes below 24500

The market failed to sustain its early gains and ended at the day’s low amid pressure from financials and banking stocks. A late-hour sell-off pushed Nifty below its 100-day moving average of 24,514, with banking and financial indices underperforming.

📉 Key Indices Performance:

• Nifty 50: 24,487.40 🔽 -97.65 (-0.4%)
• Nifty 500: 22,568.60 🔽 -64.85 (-0.3%)
• Nifty Bank: 55,043.70 🔽 -467.05 (-0.8%)
• Nifty Financial Services: 26,135.30 🔽 -270.50 (-1.0%)

🏦 Sectoral Highlights:

Top Gainers:
🔼 Nifty Pharma (+0.7%) – Buying interest in large-cap pharma names
🔼 Nifty MidSmall Healthcare (+0.7%) – Continued healthcare demand push

Top Losers:
🔽 Nifty Financial Services (-1.0%) – Dragged by NBFC and banking weakness
🔽 Nifty India Defence (-1.0%) – Profit booking in defence counters
🔽 Nifty Bank (-0.8%) – Heavy selling in private banks

📌 Top Gainers – Nifty 50:

Maruti Suzuki India Ltd.: ₹12,840.00 🔼 +1.9%
Tech Mahindra Ltd.: ₹1,509.30 🔼 +1.9%
Hero MotoCorp Ltd.: ₹4,645.20 🔼 +1.8%
Mahindra & Mahindra Ltd.: ₹3,236.50 🔼 +1.6%
NTPC Ltd.: ₹340.10 🔼 +1.2%

📌 Top Losers – Nifty 50:

Bajaj Finance Ltd.: ₹853.00 🔽 -2.8%
Trent Ltd.: ₹5,365.50 🔽 -1.4%
Hindustan Unilever Ltd.: ₹2,483.80 🔽 -1.4%
HDFC Bank Ltd.: ₹1,969.90 🔽 -1.3%
Nestle India Ltd.: ₹1,091.10 🔽 -1.3%

🚀 Top Gainers – Nifty 500:

Sonata Software Ltd.: ₹373.60 🔼 +13.3%
Alkem Laboratories Ltd.: ₹5,149.00 🔼 +6.3%
SJVN Ltd.: ₹97.99 🔼 +5.4%
Jindal Stainless Ltd.: ₹713.15 🔼 +5.1%
Himadri Speciality Chemical Ltd.: ₹469.30 🔼 +5.1%

📉 Top Losers – Nifty 500:

Astral Ltd.: ₹1,269.30 🔽 -8.1%
Praj Industries Ltd.: ₹413.60 🔽 -7.1%
Action Construction Equipment Ltd.: ₹943.40 🔽 -6.5%
Syrma SGS Technology Ltd.: ₹673.30 🔽 -6.2%
Schneider Electric Infrastructure Ltd.: ₹844.10 🔽 -4.9%

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📊 Investor Takeaway:
Markets ended in the red as weakness in financials overshadowed gains in pharma and auto stocks. The sharp drop in the last hour pushed Nifty below its 100-DMA, raising near-term caution. Traders may watch banking and NBFC movements closely, while selective opportunities remain in healthcare, auto, and IT names.

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