📉 Markets close in the red; broader indices see heavy selloff

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Markets close in the red; broader indices see heavy selloff

Indian markets ended lower with Nifty closing at 24,793 (▼0.1%) amid sharp selloff in mid and smallcap segments. Nearly 90% of the top 100 midcap stocks ended with cuts. Except autos, all major sectoral indices declined. Market breadth was heavily skewed in favour of declines (1:5 advance-decline ratio).

📉 Key Indices Performance:

• Nifty 50: 24,793.25 ▼ 18.80

• Sensex: 81,362 ▼ 83 pts

• Nifty Bank: 55,577 ▼ 251 pts

• Nifty Midcap: 57,152 ▼ 949 pts

• Nifty 500: 22,763.50 ▼ 161.70

🏦 Sectoral Overview:

Top Gainer:
🔼 Nifty Auto rose 0.5%, led by strength in Eicher Motors and M&M

Top Losers:
🔽 Nifty MidSmall IT & Telecom -2.2%
🔽 Nifty PSU Bank -2.0%
🔽 Nifty Smallcap 100 -2.0%

📈 Top Gainers – Nifty 50:

• Tata Consumer Products ₹1,088.30 🔼 2.2%

• Eicher Motors ₹5,493.50 🔼 1.9%

• M&M ₹3,094.80 🔼 1.8%

• Wipro ₹265.58 🔼 1.5%

• Apollo Hospitals ₹7,009.50 🔼 1.1%

 📉 Top Losers – Nifty 50:

• Adani Ports ₹1,338.00 🔽 2.5%

• Bajaj Finance ₹900.50 🔽 2.0%

• Adani Enterprises ₹2,420.60 🔽 1.6%

• Tech Mahindra ₹1,684.00 🔽 1.6%

• Coal India ₹384.25 🔽 1.6%

🚀 Top Gainers – Nifty 500:

• Aegis Logistics ₹800.85 🔼 3.4%

• Vishal Mega Mart ₹126.12 🔼 2.6%

• Swiggy ₹374.15 🔼 2.4%

• Tata Consumer Products ₹1,088.30 🔼 2.2%

• Biocon ₹348.60 🔼 1.9%

📉 Top Losers – Nifty 500:

• Brainbees Solutions ₹347.85 🔽 6.0%

• Minda Corp ₹510.75 🔽 5.1%

• Cyient ₹1,289.20 🔽 5.0%

• Inventurus Knowledge ₹1,619.80 🔽 4.9%

• Reliance Power ₹63.52 🔽 4.9%

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📊 Summary:
Broader markets took a hit as midcaps saw a deep 2% cut. Autos bucked the trend with marginal gains, but most sectors ended lower. Selling pressure was pronounced in PSU banks, IT, and high-beta stocks. Market breadth was extremely weak, with only 1 stock advancing for every 5 declining.

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